China Securities Association held an expanded meeting of chairpersons of its
Securities Brokerage Business Professional C.BANK, saying the 15th Five-Year
Plan is the guiding framework for the securities industry's transformation. The
association urged brokerages to prioritize service quality and professional
capability over scale, raise standards to drive high-quality development, and
promote coordination between brokerage, investment advisory and asset-management
businesses to accelerate wealth-management transformation and better meet
investor demand. The committee said it will continue policy study, advance
annual priority work, refine working mechanisms and act as a bridge to guide the
industry to practice financial services for the people and assume responsibility
as professional managers of social wealth to underpin a stable, high-quality
sector transition.
