Core Insights - The collaboration between Guoyuan Securities and Jinzheng Co., focusing on the "IBOR self-operated investment project management platform," signifies a deep synergy between leading brokerages and fintech companies in the realm of intelligent self-operated systems [1][4] - Guoyuan Securities reported impressive self-operated business results, with a revenue of 1.46 billion yuan in the first half of 2025, accounting for 42.98% of total revenue, and a staggering year-on-year increase of 1169.75% in self-operated income from its subsidiary Guoyuan Innovation [1][2] - The IBOR 3.0 system developed by Jinzheng Co. represents a significant technological advancement, transitioning from traditional bookkeeping to a comprehensive data foundation that supports investment operations [2][3] Industry Context - The total number of A-share listed companies reached over 5,400, with a total market capitalization of 108 trillion yuan, indicating a rich variety of self-operated investment products and strategies [1] - The core competitiveness of brokerage self-operation is evolving from "investment capability" to a dual-driven model of "investment capability + technological capability," highlighting the need for enhanced business responsiveness and risk management [2][3] - The IBOR 3.0 system is designed to provide real-time, comprehensive, and high-precision data support for investment research, decision-making, portfolio management, and risk management, thus facilitating a shift from large-scale expansion to refined operations in financial institutions [2][3] Technological Framework - The IBOR 3.0 platform ensures data accuracy, consistency, reliability, and auditability, serving as the foundation for stable business operations [3] - The platform features a dual-engine structure: the "steady-state investment analysis wing" for comprehensive management and the "sensitive pre-investment simulation wing" for dynamic scenario modeling and risk assessment [3] - The collaboration between Guoyuan Securities and Jinzheng Co. exemplifies the integration of fintech and brokerage business, paving the way for a more competitive development path in the industry [3][4]