[Falling commission rate squeezes industry profits, China Securities Association coordinates research to explore differentiated service pricing transformation of securities companies] September 7th, the long-term downward trend of commission rates in the securities industry has not changed. The reporter learned that the China Securities Association is conducting a thorough investigation on the securities trading commission service model for investors of securities companies to explore the differentiated service pricing transformation of securities companies. The China Securities Association pointed out that homogeneous competition, online low-cost diversion, and insufficient wealth management value-added services are the core driving factors for the decline in commissions, which have caused negative impacts such as pressure on brokerage business income, impact on the quality and efficiency of basic services, and increased risks of unfair competition. This survey also collects information on how to improve the commission management system, including strengthening industry self-discipline, setting rate ranges, and supporting value-added services. It explores feasible plans for transforming from "channel commission" to "service pricing" and promotes the marketization and standardization of the commission pricing mechanism. (Reporter Lin Jian)