B · Normal
[The China Securities Association plans to implement incentives for businesses that accurately empower the real economy and strictly control businesses that obviously deviate from the main business] On October 15, reporters learned that the China Securities Association has drafted the "Opinions on Further Deepening the Cultural Construction of the Securities Industry" and is soliciting opinions from securities companies. The new regulations propose to establish a resource tilting and allocation mechanism to promote the concentration of funds, human resources, technology investment and other resources into the main business, functional business, and national policy support areas. The new regulations clearly implement "functional priority" review during internal control review and new business access, clarify the compliance boundaries of new businesses and new products, and strictly control businesses that obviously deviate from the main business and do not meet the needs of the real economy; add indicators related to functional contribution and social value in the business line assessment to provide incentives for businesses that accurately empower the real economy. The document also emphasizes the need to correctly understand the relationship between functionality and profitability, and persist in cultivating the main business and making contributions over a long period of time. (Reporter Lin Jian)
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