浙商证券董事长钱文海：执缰策马踏新程，奋蹄扬鞭“前十五”

Core Viewpoint - The company expresses confidence in its performance and strategic goals for 2026, emphasizing resilience in the Chinese capital market and a commitment to high-quality development [3]. Group 1: Company Performance - In 2025, the company achieved impressive performance metrics across all business lines, with brokerage business scale and efficiency both improving, and significant contributions from proprietary trading [3]. - The company successfully implemented reforms and transformations within its subsidiaries, with orderly progress in the merger and integration of Guodu Securities, enhancing its capital strength and business scope [3]. Group 2: Strategic Goals - The year 2026 marks the beginning of the "15th Five-Year Plan," and the company aims to become one of the top 15 firms in the industry, focusing on proactive reforms and development [3]. - The company plans to deepen its presence in the Yangtze River Delta and strategically invest in emerging sectors, providing targeted financial support to the real economy [4]. Group 3: Market Outlook - The company anticipates a robust long-term economic foundation in China, with the implementation of central financial policies and the emergence of new productive forces such as artificial intelligence and low-altitude economy [3]. - The capital market is undergoing a transformation from a single financing function to a diversified ecosystem that includes investment, risk management, and wealth management, creating ongoing opportunities [3][4]. Group 4: Commitment to Investors - The company emphasizes its dedication to providing professional asset allocation solutions that accompany investors through market cycles, transitioning from a sales-oriented approach to a client-focused advisory model [4]. - The company reaffirms its commitment to integrity and compliance, aiming to deliver stable value returns to investors while enhancing service quality [4].