In 2026, the formal launch of the classification evaluation of securities companies, the function is written into the "evaluation gene".

The regulatory authorities have officially launched the 2026 securities company classification evaluation work recently, and the submission of evaluation materials and self-assessment procedures are gradually underway. This evaluation will fully implement the "Securities Company Classification Evaluation Regulations" revised and issued by the China Securities Regulatory Commission in August 2025. The logic behind the revision of the new regulations is very clear - it highlights promoting the role of securities companies, incorporating "functionality" into the evaluation orientation; guiding the industry to focus on high-quality development, allowing space for differentiation and characteristic operations for small and medium-sized institutions; and at the same time emphasizing the direction of "cracking down on large and bad companies", strengthening comprehensive punishment, and putting institutional measures in place to protect small investors into practice.