Recently, the China Securities Regulatory Commission focused on issuing four policy documents, including “Opinions on Strictly Improving the Quality of Listed Companies at the Source”, “Opinions on Strengthening the Supervision of Listed Companies (Trial)”, “Opinions on Strengthening the Supervision of Securities Companies and Public Funds and Accelerating the Construction of First-Class Investment Banks and Investment Institutions (Trial)”, and “Opinions on Implementing Excellent Political Capabilities and Excellent Work Style Standards to Comprehensively Strengthen the Self-Construction of the Securities Regulatory Commission System”. The Guangfa Securities Investment and Banking Commission said that this series of documents provides strong support for the construction of a strong financial nation. At the same time, it also thoroughly plans medium- and long-term development goals for the securities fund industry, and clarifies the focus points for accelerating the promotion of first-class investment banks and investment institutions. On the “service provider” side of direct financing, securities companies should effectively provide high-quality enterprises with full-life cycle services such as equity investment, sponsorship and listing, mergers and acquisitions, market value management, and cross-border investment and financing to help industrial transformation, emerging industry development, and future industrial layout to form new quality productivity; in terms of “gatekeepers” of the capital market, investment banks should strengthen core capacity building such as project screening, valuation and pricing, recommend high-quality companies to the market and investors, and keep problem companies out of the market.