Caitong Securities(SH:601108) Zheng Quan Shi Bao·2025-12-30 18:14Core Viewpoint - The speech by Wu Qing, Chairman of the China Securities Regulatory Commission, outlines the responsibilities and strategic directions for the securities industry during the "14th Five-Year Plan" period, emphasizing the need for high-quality development and the role of the securities sector in building a financial powerhouse [1][11]. Group 1: Responsibilities and Strategic Directions - The securities industry must prioritize functionality, focusing on supporting new productive forces, enhancing residents' wealth, and promoting high-level openness [1][2]. - As the only provincial state-owned securities firm in Zhejiang, the company aims to align its development with the economic status of Zhejiang, contributing to the province's high-quality development and common prosperity [2][3]. Group 2: Development Strategies - The company plans to build a first-class modern investment bank, recognizing that strong financial institutions, including investment banks, are essential for a financial powerhouse [3][8]. - The company will adopt a differentiated development approach, focusing on local market strengths and creating specialized services such as "Sci-Tech Investment Bank," "State-Owned Assets Investment Bank," and "Common Prosperity Investment Bank" [3][8]. Group 3: "Four Types of Financial Services" Strategy - The "Four Types of Financial Services" strategy includes: 1. Sci-Tech Financial Services: Supporting the real economy and new productive forces, managing over 120 billion yuan in industry funds and facilitating nearly 160 billion yuan in social investment [4]. 2. Service-Oriented Financial Services: Enhancing investor services and wealth management, with a focus on inclusive finance and innovative financial products [5]. 3. Platform Financial Services: Promoting high-level institutional openness and establishing a global service network through partnerships with Zhejiang business associations [6]. 4. Transformational Financial Services: Fostering a culture of innovation and digital transformation to support the company's growth [7][10]. Group 4: "Five Transformations" Strategic Tasks - The company will focus on five strategic tasks to enhance its investment banking capabilities: 1. Specialized Development: Collaborating with local governments to create technology finance service centers [8]. 2. Comprehensive Business Operations: Implementing a customer-centric model to improve service delivery [9]. 3. International Expansion: Establishing a presence in international markets to support domestic enterprises [9]. 4. Digital Transformation: Leveraging AI and data analytics to enhance operational efficiency [10]. 5. Group Governance: Strengthening brand and customer service integration to maximize overall value [10].