金融行业周报：陆家嘴金融论坛聚焦开放与科技，证券公司分类评价修订-20250623

Investment Rating - The industry investment rating is "Outperform the Market," indicating an expected performance that exceeds the CSI 300 Index by more than 5% over the next six months [56]. Core Insights - The Lujiazui Financial Forum focused on financial openness and technology, with key policies aimed at enhancing the international financial center in Shanghai and promoting the internationalization of the RMB [2][19]. - The China Securities Regulatory Commission (CSRC) has released a draft for public consultation on the revised "Securities Company Classification Evaluation Regulations," emphasizing the enhancement of securities firms' functional capabilities and the promotion of differentiated development for small and medium-sized institutions [2][20]. Summary by Sections Key Focus - The Lujiazui Financial Forum opened on June 18, 2025, with discussions led by prominent financial leaders, focusing on global economic changes and financial cooperation [10]. - Eight financial policies were announced to be implemented in Shanghai, including the establishment of a digital RMB international operation center and the development of offshore trade financial services [10][19]. Industry News - The CSRC is seeking public opinion on the revised "Securities Company Classification Evaluation Regulations," which aim to enhance the functional roles of securities firms and improve their professional capabilities [20]. - The Financial Regulatory Bureau has approved the establishment of insurance asset management companies by AIA and Aegon in Shanghai, marking a significant step in the opening of the insurance asset management market [31]. Industry Data - The banking, securities, insurance, and fintech indices changed by +2.63%, -1.73%, +0.27%, and +0.88% respectively this week, with the CSI 300 Index down by 0.45% [39]. - The average daily trading volume of stock funds was 15.26 trillion yuan, a decrease of 10% from the previous week [48]. - The ten-year government bond yield decreased by 0.24 basis points, with the yield standing at 1.640% [51].