Economic Daily: Only by setting a good position can we correct the atmosphere, and the profits of securities companies must obey their functions

On September 9, the article said that as an important part of the financial industry, securities firms have the dual attributes of functionality and profitability, and profits must be subordinate to function. However, some institutions have deviations in their business philosophy, pursue profit maximization one-sidedly, and even ignore the long-term development of the company and the market for the short-term temptation of money. To correct such undesirable trends, securities firms also need to correct positioning deviations, correct their business philosophy, put functionality first, adhere to profit-making through righteousness, and highlight value creation and shareholder returns. In practicing the development concept of financial service to the country and finance for the people, we can achieve a win-win situation of functional and performance-driven profitability that serves the people's livelihood of the economy. Brokerage firms should take a serious look, position themselves, and cherish their feathers, starting from a correct style, and strive to build first-class investment banks and investment institutions, so as to contribute their professional strength to serving the high-quality development of the economy.