In recent years，focusing on the key task of “promoting the healthy development of capital market and improving the quality of listed companies”，the reform of capital market has been deepened. In 2020，with the full implementation of the new securities law，the reform of the gem and the pilot registration system，the reform of the new third board and the improvement of the delisting mechanism，we will continue to expand the development space of securities companies. The 14th Five Year Plan period will be a critical period for China’s capital market to achieve the goal of “standardization，transparency，openness，vitality and resilience” and for China’s securities industry to achieve high-quality development，which puts forward higher requirements for the comprehensive ability of securities companies. This chapter ranks the competitiveness of securities companies in 2020，and evaluates the core competitiveness and comprehensive competitiveness of securities companies，such as operation ability，profitability and risk control ability. On the whole，the competition in the securities industry is more intense，and the gap between the comprehensive competitiveness of large，medium and small securities companies is widening；The ranking of small and medium-sized securities companies is unstable，and the competitive advantage of comprehensive securities companies is significant；Wealth management has become an important source of income for securities companies and an important direction of differentiated competition；The securities industry has deepened the application of science and technology and transformed digitization into a new driving force for development.