Core Viewpoint - The capital market is undergoing significant transformation under the comprehensive registration system, with intermediary institutions becoming the focal point of this change [1] Group 1: Event Overview - The "Capital Market Excellence Practitioners" initiative was launched by P5W to establish a market-oriented evaluation system for key positions in intermediary service institutions, addressing the needs of the registration system reform in China's capital market [1][5] - The 2025 edition of the initiative has officially commenced, aiming to promote high-quality development of the capital market in service of the real economy [1] Group 2: Highlights of the Event - The event covers a wide range of business areas, including IPOs, mergers and acquisitions, bond issuance, public funds, and asset management, with a new focus on Hong Kong stock market IPOs to ensure comprehensive and precise evaluations [3] - A multi-dimensional evaluation framework will be constructed, assessing project impact, overseas strategic planning, innovation capabilities, service innovation for listed companies, risk management, and industry influence through a combination of historical data and client feedback [3] - The awards will be diverse, including categories for outstanding sponsors, accountants, lawyers, and new awards for bond underwriters and public fund management institutions, along with special awards for outstanding investment banking figures [3] Group 3: Professional Evaluation System - The event is organized by P5W, with guidance from the Securities Times and local governments, and involves collaboration with renowned investment banks, accounting firms, and law firms to ensure fairness and professionalism in the evaluation process [4] - The evaluation will be conducted in two rounds: the first round will filter candidates based on objective data, while the second round will incorporate recommendations and votes from various evaluation entities [4] Group 4: Participation and Future Expectations - Registration for the 2025 initiative is open, allowing practitioners from securities firms, accounting firms, and law firms to participate through recommendations or self-registration [5] - The initiative aims to discover and recognize more outstanding practitioners, setting higher standards and broader perspectives to elevate the practice level of intermediary institutions in the capital market [5]