GUOYUAN SECURITIES(SZ:000728) Zhong Guo Zheng Quan Bao·2026-01-28 12:34Core Viewpoint - The 20th Central Committee of the Communist Party of China emphasizes the construction of a financial power and the high-quality development of the capital market, providing fundamental guidelines for the securities industry to seize opportunities and fulfill its responsibilities in the new journey [1][2]. Group 1: Strategic Directions - The China Securities Regulatory Commission (CSRC) Chairman Wu Qing highlights the historical positioning of the securities industry as responsible for national prosperity and decline, urging firms to focus on their main business, improve governance, and pursue differentiated development [1][2]. - Guoyuan Securities' Chairman Shen Hefeng stresses the importance of aligning with the grand narrative of building a financial power and actively participating in capital market reforms [2]. Group 2: Functional Innovation - Guoyuan Securities aims to shift from a focus on scale to a functional-first approach, integrating "technology finance" into its development strategy to support strategic emerging industries [3]. - The company has established a comprehensive technology finance service system that covers the entire lifecycle of enterprises, promoting a virtuous cycle of "technology-industry-finance" [3]. - Guoyuan Securities is enhancing its regional service network to provide tailored financial services, emphasizing its responsibility in supporting regional economic development [3]. Group 3: Professional Development - The company is committed to refining its core financial functions and enhancing the depth, breadth, and precision of its professional services [5]. - Transitioning to an industrial investment banking model is a key strategy for Guoyuan Securities, focusing on understanding industries before providing investment banking services [5]. - The firm plans to establish a one-stop capital market service system that covers the entire lifecycle of enterprises, with a particular emphasis on mergers and acquisitions [5]. Group 4: Risk Management - Guoyuan Securities prioritizes risk control and compliance, establishing a governance system that matches modern financial enterprises [10]. - The company employs a proactive risk management approach, utilizing big data and AI technologies to enhance risk monitoring and early warning capabilities [10][11]. - Compliance is integrated into business processes, with a focus on high-risk areas to create a long-term mechanism for risk management [11]. Group 5: Cultural Development - The company promotes a culture of "long-termism," resisting short-termism and integrating cultural values into its strategic planning and performance assessments [12][13]. - Guoyuan Securities is committed to building a talent development system that attracts and retains professionals aligned with its strategic direction [13]. - The firm aims to enhance its brand image by actively participating in industry standards and public welfare activities, reinforcing its reputation as a reliable and professional institution [13]. Group 6: Future Vision - Guoyuan Securities is determined to implement the directives from the 20th Central Committee, focusing on core competitiveness and striving to become a leading industrial investment bank [14][15].