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[the "risk control index regulations" optimize the calculation standards for risk control indicators for securities firms' stock investment, market making and other businesses. the above-mentioned non-bank analysts of securities firms believe that the optimization of the risk control indicator system can allow high-quality securities firms to relax capital restrictions and participate in capital market investment to a greater extent. in the long run, it can promote the entry of incremental funds. however, in the current market environment, the motivation for securities firms to accelerate their entry will not be too great, and the capital return rate is also uncertain.]

after more than 10 months of soliciting opinions, the new version of brokerage risk control indicator adjustments has officially been implemented.

recently, the china securities regulatory commission issued the revised "regulations on the calculation standards of risk control indicators of securities companies" (hereinafter referred to as the "risk control indicators regulations"), which will officially come into effect on january 1, 2025.

the adjustments to the "risk control indicator regulations" include: optimizing the calculation standards for risk control indicators for securities firms' investment in stocks, market making and other businesses; optimizing the classification adjustment coefficients of risk control indicators, appropriately adjusting the risk capital reserve adjustment coefficients and total on- and off-balance sheet asset conversion coefficients of securities companies that have ranked at the top in the classification evaluation for three consecutive years, and differentiatedly enriching available stable funds.

an analyst from a non-bank securities firm told china business news that the optimization of the risk control indicator system has positive significance, and high-quality securities firms have been able to relax capital restrictions. the adjustment of the classification supervision standards will have limited impact in the short term, but the impact on high-quality securities firms will increase when the economic recovery accelerates. another person from a listed securities firm believes that classification supervision tests the sustainable operation capabilities of securities firms. in the long run, the gap between the top high-quality securities firms and other securities firms will further widen, forcing other securities firms to improve their differentiated operation capabilities.

relaxation of risk control indicators for stock investment and market making business