Core Insights - The Chinese securities investment banking industry is at a critical juncture, facing challenges from a strong head effect in the IPO market and the need for mid-sized firms to find differentiated paths for survival [1][3] - The 19th Shenzhen International Financial Expo and the 2025 China Financial Institutions Annual Conference will take place from November 19 to 21, featuring a summit focused on strategic transformation and high-quality development in investment banking [1] Group 1 - The Shenzhen Financial Expo is a major financial event, recognized for its large exhibition area and diverse participating institutions, showcasing the latest achievements in financial services and technology innovation [1] - The summit will feature prominent speakers discussing key topics such as cross-border services for Chinese investment banks and strategies for building boutique investment banks [2] Group 2 - Two roundtable discussions will address critical industry issues: one focusing on strategic transformation and new growth curves amidst industry cycles, and the other on how investment banks can support technological innovation and new productivity [2] - The forum aims to explore how mid-sized investment banks can find differentiated survival spaces and how mergers and acquisitions will reshape the industry landscape [3]