Competitiveness determines the survival and development ability of securities companies in the market competition. However，the international financial crisis in 2008 and the stock market disasters in 2015 in China indicate that individual stability does not mean overall stability，but may strengthen financial institutions. Periodic behaviors accumulate systemic financial risks at the macro level and exacerbate economic fluctuations. The 19th National Congress of the Communist Party of China proposed a dual-pillar regulation framework for monetary policy and macro-prudential policy，emphasizing the need to improve the financial supervision system and maintain the bottom line of systemic financial risks. As an important part of the macro-prudential policy，macro-prudential supervision has also risen to new heights. Regardless of financial development practices or regulatory requirements，securities companies should plan their own development strategies from the perspective of macro-prudential supervision and economic cycle，and establish market competitiveness with long-term sustainability. This report analyzes the stage characteristics and research trends of the competitiveness development of securities companies，and establishes a competitive evaluation system for securities companies based on macro-prudential supervision.