On 13 November 2025, the Annual Report for Chinese Academic Journal Impact Factors (Humanities and Social Sciences · 2025 Edition) was officially released. The academic journal Securities Market Herald, supervised by China Securities Regulatory Commission (CSRC) and sponsored by Shenzhen Stock Exchange (SZSE), demonstrated significant growth across various metrics, reaching new highs and reflecting its sustained rise in academic influence.

The Annual Report for Chinese Academic Journal Impact Factors is an authoritative evaluation report for domestic academic journals, widely recognized and valued within the industry. The impact factor serves as a core indicator measuring the citation frequency of articles in a journal, effectively reflecting the journal's influence in academic and theoretical circles. The composite impact factor of Securities Market Herald increased from 10.935 in 2023 to 14.775 in 2024, a growth rate of 35.12%, ranking first among 67 domestic journals in the currency/finance and banking/insurance categories. Its influence index rose by 9.08%, climbing from 459.730 in 2023 to 501.455 in 2024.

Figure: Securities Market Herald's Sustained Growth in Influence and Record-High Impact Factor

Established in July 1991, Securities Market Herald is a key academic journal publicly published under the securities regulatory system. It has been consistently listed in all four major domestic core or source journal directories. The journal steadfastly integrates academic exploration with practical application, emphasizing forward-looking topics and professional content to provide research support for the reform and development of the capital market. Its main sections include Theoretical Synthesis, IPO & Corporate Growth, Law & Regulation, Products & Markets, and Industry & Macroeconomics.

Next, SZSE will adhere to Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and thoroughly implement the guiding principles of the Fourth Plenary Session of the 20th CPC Central Committee. Under the leadership of CSRC, we will focus on the core priorities of preventing risks, strengthening supervision, and promoting high-quality development. By pooling high-quality research resources and continuously improving journal publication quality, we aim to deliver professional, solid, and rigorous research outcomes that will contribute more forcefully to the development of a financial powerhouse.