Of all 1 15 securities companies, 19 securities companies merged with their parent companies, involving Huatai United (parent company Huatai Securities), Goldman Sachs Gaohua (parent company Beijing Gaohua) and Changjiang Sponsor (parent company changjiang securities). Of the 96 participating securities firms, 38 were rated as Class A (20 AA, 18A), 52 as Class B (20 BBBs, 19 BBB, 13B) and 6 as Class C (3 CCCs, 2 CC, 65438+).
CITIC Securities, Galaxy Securities, Haitong Securities, CICC and other large brokers have high ratings, all of which belong to AA level; In addition, there are six securities companies in Class C with greater risks, namely Minsheng Securities, Nanjing Securities, Lianxun Securities, Shanghai Securities, Wanhe Securities and Everbright Securities. Among them, Everbright Securities has the worst rating, only C-level.
Securities companies get different ratings, and accordingly they will get different regulatory attitudes from the regulatory authorities. Including securities companies in administrative licensing, regulatory resources allocation, on-site inspection and off-site inspection frequency, the CSRC will implement differentiated regulatory policies.