At the 8th General Meeting of the China Securities Association, Chairman Wu Qing of the Securities Regulatory Commission mentioned in his speech that industry institutions need to shift from price competition to value competition based on their own resource endowments. Leading institutions should enhance their ability to integrate resources and strive to form a number of internationally influential benchmark institutions; small and medium-sized institutions need to focus on segmented fields, characteristic businesses, and key regions, and work hard to create “small but beautiful” quality service providers. The supervisory level will strengthen classification and supervision, optimize evaluation indicators for high-quality institutions, moderately broaden capital space and leverage limits, and improve capital utilization efficiency; explore differentiated regulatory policies for small and medium-sized institutions and foreign-funded institutions to promote characteristic development; and strictly supervise problematic institutions in accordance with the law. Securities companies and investment institutions should adapt to the development of the times in terms of equity investment, price discovery, and risk management. In response to the needs of different risk preferences, scales, and time periods, securities companies should provide rich and accurate wealth management services, achieve a win-win situation with investors, and participate in and share the economy.

At the 8th General Meeting of the China Securities Association, Chairman Wu Qing of the Securities Regulatory Commission mentioned in his speech that industry institutions need to shift from price competition to value competition based on their own resource endowments. Leading institutions should enhance their ability to integrate resources and strive to form a number of internationally influential benchmark institutions; small and medium-sized institutions need to focus on segmented fields, characteristic businesses, and key regions, and work hard to create “small but beautiful” quality service providers. The supervisory level will strengthen classification and supervision, optimize evaluation indicators for high-quality institutions, moderately broaden capital space and leverage limits, and improve capital utilization efficiency; explore differentiated regulatory policies for small and medium-sized institutions and foreign-funded institutions to promote characteristic development; and strictly supervise problematic institutions in accordance with the law. Securities companies and investment institutions should adapt to the development of the times in terms of equity investment, price discovery, and risk management. In response to the needs of different risk preferences, scales, and time periods, securities companies should provide rich and accurate wealth management services, achieve a win-win situation with investors, and participate in and share the economy.