What is the rating of securities companies, the role and rules of the rating of securities companies?

The classification result of securities companies is not the evaluation of the credit status and rating of securities companies, but the risk management ability of securities companies based on the needs of prudential supervision. Combined with the company's market competitiveness and compliance management level, the securities companies are comprehensively evaluated through rating, which mainly reflects the overall situation of compliance management and risk control of securities companies.

According to the Regulation on Classified Supervision of Securities Companies, securities companies are classified into five categories: A(AAA, AA, A), B(BBB, BB, B), C(CCC, CC, C), D and E, of which * * *1. Companies at all levels in the three categories of rating A, B and C of securities companies are operating normally. This rating only shows the risk management ability and management level that the company can bear in the industry. At present, both Class D and Class E are companies with certain risks, and the potential risks are beyond their tolerance and need to be controlled.

According to the classification results of securities companies, the CSRC implements different regulatory policies for different types of securities companies in terms of administrative licensing, allocation of regulatory resources, frequency of on-site inspections and off-site inspections. The classification results are mainly used by securities and securities regulatory agencies. The company shall not use the rating results for commercial purposes such as advertising, publicity and marketing. Agricultural Bank of China is in normal operation, and the latter two categories are subject to regulatory restrictions. Details are as follows:

(1) Class A companies have the highest risk management ability in the industry and can better control the risks of new businesses and new products;

(2) Class B companies have high risk management capabilities in the industry and can better control the risks of business expansion in the market changes;

(3) The risk management capability of Class C company matches its existing business;

(4) The risk management ability of Class D companies is low, and the potential risks may exceed the company's tolerance;

(5) The potential risks of Class E companies have been transformed into real risks, and risk disposal measures have been taken.

The recent rankings of some securities companies can be referenced.

The rating of securities companies is assessed once a year. Due to the rapid changes in the capital market in recent years, the business activities and risk tolerance of securities companies will also fluctuate greatly. Therefore, it is normal for the rating of securities companies to fluctuate at one level. However, if the rating fluctuates by more than one level, it is necessary to split the businesses of the securities company and observe which businesses lead to the decline of the rating.

For individual investors, high-rated securities companies are unlikely to have risk events, so they can consider doing business with high-rated securities companies.

However, the real role of rating is still played at the institutional level. When banking majors choose securities companies to cooperate, most of them will refer to the regulatory rating of the CSRC. Of course, some big banks also have their own internal ratings, but the results should be similar to those of the CSRC. Generally speaking, banks have set a rating threshold, requiring cooperative securities companies to have a rating of not less than 3B.

How should individuals and institutions rate brokers in the future?

(1) Team is more important than company.

Regardless of the score, securities companies are actually specific teams that serve customers, so it is more important to strengthen the evaluation of specific teams. Of course, this involves evaluating the ability of team members, investment style, risk control and so on. For example, in the secondary market of securities companies' research institutes, the turnover of personnel is very large, and the quality of analysts in different industries in the same research institute is also uneven, so it is particularly important to identify good teams.

(2) Time tells everything.

Grading is one-off, but subjective feelings are time-varying. Like the current recruitment, candidates' resumes are very good, but their actual abilities vary greatly. When a securities company serves, besides rating, we can also spend time to verify how well the securities company serves.

(3) The background of shareholders is very important.

A good shareholder background will continue to provide resources for securities companies, while a bad shareholder background will affect business development. In addition, as a part of leverage risk, securities companies have a far-reaching impact on the risk control and compliance tendency of financial institutions. Generally speaking, considering the background of state-owned assets, securities companies, whether individuals or institutions, are more suitable choices. Is the securities company a state-owned enterprise? It is also a matter of concern to everyone. Introduced here before.