CSF Plans to Build Professional Think Tank, Boost R&D Investment in Green Finance, ESG Management and Cross-Border Services

The China Securities Association has drafted the Opinions on Further Deepening Cultural Development in the Securities Industry and is soliciting feedback from brokerages. The proposed rules call for building a professional think tank and a mechanism to convert forward-looking research into practice, setting up dedicated research projects, and increasing R&D investment in frontier areas such as green finance, ESG management and cross-border integrated services, so that research results can efficiently support business and product innovation. They also call for a tiered system for cultivating professional capabilities, centered on core competencies such as investment banking pricing, in-depth research and asset allocation, and a precise training system suited to new market conditions and regulatory requirements. The aim is to establish up-to-date standards for professional talent development and capability assessment, and to turn professional cultural principles into reusable capital across the industry. (Caixin)