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期货公司迎来大洗牌!新规出台,评分逻辑大变,谁会被拉开差距?
Sou Hu Cai Jing· 2025-09-15 15:15
期货公司行业正在经历一次深度"体检"。9月12日,证监会正式发布了新版《期货公司分类评价规 定》,明确从2025年起实施。 净利润(这一项没变) 经纪业务净收入 期货交易咨询业务净收入 做市、衍生品交易业务指标 资管产品日均持仓保证金 这份新规不仅更名了,还彻底重构了评分体系,目的是为了更科学地衡量一家期货公司的综合实力。 过去大家可能更看重规模和利润,现在监管层更关注你是否真的在为实体经济服务,是否具备持续发展 的核心竞争力。 评分新逻辑,不再一刀切 这次新规最大的变化,就是把评分标准分得更细、更明确了。原来"市场竞争力"是一个大项,现在被细 化成三大类、9个小项,具体包括: 扣分规则更合理,加分项目更有导向 新规还对"扣分"机制做了优化。过去一个违规行为可能导致公司和高管都被扣分,但现在明确:不重复 扣分,只扣最重的一项。这样避免了"连坐式"处罚,让评分更加公平。 同时还新增了一项:如果期货公司的控股股东或实控人违规,这也会影响公司评分。目的就是把监管压 力传导到公司背后的"大人物",让他们也必须合规守法。 而在加分方面,新规更注重"服务实体经济"的能力。例如: 增加"产业客户日均持仓"这一指标、调整"机 ...
让“大而全”与“小而专”各美其美
Qi Huo Ri Bao· 2025-09-14 16:07
Core Viewpoint - The newly implemented "Futures Company Classification Evaluation Regulations" emphasizes both macro and micro perspectives, aiming to enhance industry quality and compliance while reducing burdens on futures companies [1][2]. Group 1: Key Changes in Regulations - The new regulations introduce a clear scoring basis, emphasizing legal compliance and changing the previous practice of deducting points without legal procedures [1][2]. - The regulations optimize the scoring system by including all business types of futures companies in the evaluation criteria, adding new performance indicators related to market competitiveness [1][2]. - The new rules encourage continuous compliance development by awarding additional points for companies maintaining high compliance and risk management scores over three evaluation periods [2]. Group 2: Industry Development Paths - The revised classification system balances the development paths of "scale" and "specialization," providing policy incentives for both large and specialized futures companies [2][3]. - Large futures companies with comprehensive licenses can gain significant advantages in scoring and innovation opportunities if they rank high across all business lines, while also facing increased management pressures [2][3]. - Smaller, specialized futures companies can achieve comparative advantages in classification results by maintaining high compliance and risk management, demonstrating that both "large and comprehensive" and "small and specialized" models can coexist and thrive in the industry [3].
瑞达期货:公司今年暂无开展新的业务
Zheng Quan Ri Bao Wang· 2025-08-05 12:23
证券日报网讯 瑞达期货(002961)8月5日在互动平台回答投资者提问时表示,公司从事的主要业务 为:期货经纪业务、资产管理业务、期货交易咨询业务,并通过全资子公司分别开展风险管理业务、境 外金融业务和证券投资基金业务,今年暂无开展新的业务。 ...
瑞达期货:从事的主要业务为期货经纪业务、资产管理业务、期货交易咨询业务,今年暂无开展新的业务
Mei Ri Jing Ji Xin Wen· 2025-08-05 05:57
(文章来源:每日经济新闻) 每经AI快讯,有投资者在投资者互动平台提问:公司今年有什么新的业务亮点? 瑞达期货(002961.SZ)8月5日在投资者互动平台表示,公司从事的主要业务为:期货经纪业务、资产 管理业务、期货交易咨询业务,并通过全资子公司分别开展风险管理业务、境外金融业务和证券投资基 金业务,今年暂无开展新的业务。 ...