Core Viewpoint - The China Securities Regulatory Commission (CSRC) has released a draft for public consultation regarding the annual classification evaluation of securities companies, which will be conducted based on the previous year's financial and business data [1] Group 1 - The classification evaluation of securities companies will occur annually, with the evaluation period set from May 1 of the previous year to April 30 of the current year [1] - The financial and business data used for the evaluation will primarily rely on the audited financial statements from the previous year, along with information submitted by securities companies to the CSRC and its local agencies, as well as self-regulatory organizations in the securities and futures industry [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has proposed changes to the classification evaluation regulations for securities companies, focusing on enhancing operational efficiency and promoting a more concentrated development approach [1] Group 1: Regulatory Changes - The CSRC will no longer provide additional points based on the ranking of total operating income for securities companies [1] - There will be a reduction in the repeated scoring of scale-related indicators [1] - The emphasis will be placed on increasing the scoring for return on net assets, guiding securities companies towards a more efficient operational model [1]