The latest "sitting in a row" practice of practicing quality in the Northern Exchange Small and medium-sized securities firms deepen differentiation to build advantages.

Recently, the Beijing Stock Exchange and the National Equities Exchange and Quotations Company announced the first quarter evaluation of the quality of securities firms. Compared to the annual rankings of 2025, in the top ten list for the first quarter, only CITIC Securities and Guotai Junan Securities remained at the top, while Guotou Securities, Guoxin Securities, Zhongtai Securities, Changjiang Securities, and Western Securities entered the top ten list due to their investment banking business. Western Securities, with the breakthrough in the sponsorship, issuance, and M&A business on the Beijing Stock Exchange, jumped from 81st place to 10th place. In the first quarter of this year, a total of 101 securities firms participated in the evaluation of their practice quality, with evaluation indicators mainly divided into two categories: professional quality and compliance quality. The professional quality indicators are mainly linked to the number and amount of professional services provided by securities firms to market entities, while compliance quality indicators involve various regulatory measures, disciplinary actions, and administrative penalties that securities companies may face during their business operations.