券商分类评价结果出炉，发挥“指挥棒”作用，引导高质量发展

Core Viewpoint - The annual classification evaluation results for securities companies have been released, indicating a stable distribution among categories A, B, and C, with a focus on compliance, risk management, and service to the real economy [1][3]. Summary by Sections Classification Results - A total of 107 securities companies participated in the evaluation, with 53 classified as A, 43 as B, and 11 as C. Among A-class companies, 14 achieved AA-level status, representing approximately 25% of A-class companies [2][3]. Evaluation Framework - The classification evaluation system consists of four main parts: compliance status, business development status, risk management capability, and special work conditions. Each part has specific indicators that can lead to points being added or deducted based on performance [4]. Regulatory Focus - The evaluation emphasizes the importance of compliance and risk management, with a zero-tolerance approach to violations. It includes a comprehensive assessment of various entities within securities companies, including branches and key personnel [10]. Encouraging High-Quality Development - The evaluation aims to guide securities companies in enhancing their functions and professional capabilities, particularly in areas such as mergers and acquisitions, investment banking quality, and social responsibility [6][7][8]. Dynamic Adjustment of Evaluation Criteria - The evaluation criteria are not static; they are adjusted based on economic and industry developments. This year, the focus is on risk prevention, strong regulation, and promoting high-quality development in line with national financial policies [6][8]. Enhancing Service to the Real Economy - The evaluation encourages securities companies to improve their service to the real economy by adding indicators related to long-term capital market participation and wealth management services [5][6]. Transparency and Guidance - The regulatory body plans to enhance the transparency and guidance of the evaluation process, ensuring that the industry understands the regulatory direction and requirements [10].