券商投行业务质量评价“再升级”

Core Viewpoint - The China Securities Association has revised the "Securities Company Investment Banking Business Quality Evaluation Method" to enhance the quality of investment banking services and align with regulatory requirements, effective from December 30 [1] Group 1: Revision Overview - The revised evaluation method aims to improve the quality of investment banking practices by establishing a more functional-oriented evaluation system [1] - The overall structure and classification of evaluation results remain consistent with the previous version, focusing on specific evaluation indicators [1] Group 2: Key Revisions - The "Quality of Stock Sponsorship Business" evaluation indicators have been refined, including clearer deduction standards for significant negative events and termination of reviews, along with a cap on total deductions [2] - The "Internal Control Execution" evaluation indicators have been modified to emphasize conflict of interest reviews and quality control responsibilities, with new indicators for project fee details and negative public opinion deductions [2] Group 3: New Evaluation Indicators - New indicators have been added to support high-level technological self-reliance, focusing on breakthroughs in key technologies and internationally recognized core technologies [3] - A new evaluation indicator for "Supporting Mergers and Acquisitions of Listed Companies" has been introduced to encourage investment banks to enhance their financial advisory services [3] - A new indicator for "New Stock Valuation and Pricing" has been established to improve the pricing capabilities of new stocks and the quality of investment value reports [3]