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the reporter learned from the china securities regulatory commission on september 20 that the china securities regulatory commission recently revised and issued the "regulations on the calculation standards of risk control indicators of securities companies", which will officially come into effect on january 1, 2025.

csrc data map

a relevant person in charge of the institutional department of the china securities regulatory commission said that this revision is a concrete measure to implement the requirements of the central financial work conference on strengthening supervision, preventing risks, and promoting high-quality development and the spirit of the third plenary session of the 20th cpc central committee on comprehensively deepening reform, and it mainly reflects four aspects of regulatory orientation.

first, highlight comprehensive coverage. all business activities of securities companies will be included in the scope of risk control indicators, and the calculation standards of risk control indicators for securities companies participating in new businesses will be clarified to improve the completeness of the risk control indicator system and lay a solid foundation for comprehensive risk management.

second, we will emphasize prudence and strictness. we will strictly set the calculation standards for risk control indicators for innovative businesses and high-risk businesses such as over-the-counter derivatives and non-standard asset management, strengthen supervision, and guide securities companies to follow the path of capital-intensive, professional and stable development.

third, strengthen risk management. according to the risk management level, business risk characteristics and term matching of securities companies, reasonably improve the calculation standards and enhance the scientificity, accuracy and effectiveness of risk control indicators.

fourth, promote the function. appropriately open up capital space for high-quality securities companies that are compliant and stable, optimize the risk control indicators of securities companies' investment in stocks, market making and other businesses, and further support securities companies to give full play to their functions such as long-term value investment, serving the financing of the real economy, and serving the wealth management of residents.

industry insiders pointed out that this revision has both tightening and loosening. by improving the risk control indicator system, it guides securities companies to improve the initiative and effectiveness of comprehensive risk management, promotes the function of serving the real economy and residents' wealth management, and reflects the clear direction of strengthening capital constraints on securities companies' key businesses, strict supervision, and improved governance, which will further consolidate the institutional guarantee for promoting high-quality development of the securities industry. (reporters liu yujia and liu hui)