With the strong support of member units and relevant units of the securities regulatory system, the China Securities Industry Development Report (2022) was published recently. This report is the annual report of the securities industry compiled and published by the China Securities Association for the 20th consecutive year, including 1 general report, 6 sub reports, 10 special reports, and 13 types of 15 items of 1205 feedback questionnaires for the securities industry. Among them, the general report mainly expounds the overall picture and characteristics of the development of the securities industry. The sub reports focus on the development of securities brokerage, investment banking, asset management, investment and financing and securities credit rating. The special report focuses on the development of the industry's compliance risk control, performance of social responsibilities, investor protection, human resources, information technology, international business, OTC market and fixed income. The content and questionnaire data of China Securities Industry Development Report (2022) show that in 2021, the asset scale of securities companies will further expand, the comprehensive strength and operating efficiency will be steadily improved, and the industry development will show the following characteristics and trends: first, the efficiency of investment banks will be effectively brought into play, the function of serving the real economy will be further enhanced, and the IPO and refinancing of domestic listed companies will reach more than 1.49 trillion yuan, an increase of 18.71% year on year, Securities companies underwritten bonds of 15.23 trillion yuan, a year-on-year increase of 12.53%, helping China's capital market financing scale reach a record high; Second, we deepened the transformation of wealth management and maintained a high growth in the sales of financial products. The net income from the agency sales of financial products in the industry was 20.69 billion yuan, an increase of 53.96% year-on-year, further increasing its proportion in the brokerage business income; Third, we continued to accelerate the layout of asset management and public offering subsidiaries. The scale of the collective asset management plan reached 3.65 trillion yuan, an increase of 75% over the previous year. The social wealth management content of the asset management business of securities companies was further strengthened; Fourth, continuously deepen the construction of the comprehensive risk management system, thoroughly implement the full coverage of compliance management, actively use financial technology to enhance the effectiveness of compliance and risk management, and increase the number of compliance and risk control personnel by about 8%; Fifthly, we will continue to promote the construction of industry culture and promote the effective implementation of cultural construction around the "ten elements of cultural construction in the securities industry". Among the 106 securities companies under the scope of consolidation, 98 companies have written cultural construction into the articles of association, and 68 companies have formed programmatic documents such as cultural construction plans; Sixth, we will continue to serve the Rural Revitalization and earnestly fulfill social responsibilities. We will provide direct financing of 67.952 billion yuan for poverty-stricken county enterprises through IPO, stock issuance, bonds and other means, and provide services for entity enterprises to raise 172.044 billion yuan through green bonds and bonds of innovation and entrepreneurship companies. The public welfare expenditure will reach 910 million yuan; Seventh, we continued to strengthen investor protection, further increased the investment in investor education, and promoted the integration of investor education into the national education system. The total investment in investor education was about 607 million yuan, an increase of 10.36% over the previous year. 32 securities companies paired 440 schools to carry out rich investor education activities; 8. Accelerate the digital transformation. The key areas of digital transformation of securities companies are gradually expanding from securities brokerage business to the whole business area. 2