我国商业银行投资银行业务的发展研究.pdfVIP

我国商业银行投资银行业务的发展研究 摘 要 从整个世界的金融业来说，混业经营成为一种趋势，西方国家采用改变法律制度的 方式，开展商业银行投资银行业务。当前，随着我国对外开放不断深化，与外界交往日 益密切，我国的金融市场也逐步向外国金融机构开放，这对我国国内的商业银行造成冲 击。同时，随着我国金融业改革的深化，利率市场化步伐不断加快，资本市场也在迅速 发展，这对以存贷款利差为主要利润来源的我国商业银行来说，形成了巨大的压力。因 此，我国商业银行积极去开拓投资银行业务，既有外在压力，也有内在的动力。商业银 行开展投行业务，实行多元化经营，有利于拓宽收入渠道，提高自身竞争力，实现转型 的目标，为将来广泛参与国际业务打下坚实的基础。 本文首先对我国商业银行投行业务的发展现状进行分析，从相关法律法规、经营模 式、以及业务现状分析，从中找到我国商业银行投行业务存在的问题，并对成因进行分 析，然后介绍了国外已有的商业银行参与投资银行业务的模式，分别对美国、德国以及 日本的模式进行优劣势分析。其次，结合我国自身的实践，在充分考虑我国现行法律、 经济环境以及银行业自身经营特点的情况下，认为金融控股公司的模式是我国商业银行 参与投资银行业务的最佳模式。最后，针对问题提出了相应的发展对策。 关键词：商业银行；投资银行；金融控股公司 I RESEARCH ON THE DEVELOPMENT OF INVESTMENT BANKONG BUSINESS OF CHINAS COMMERCIAL BANKS ABSTRACT From a global perspective, the mixed operation of the financial industry has become a trend, and the western countries have adopted legal system change for the commercial banks to develop investment banking business. At present, along with Chinas opening and getting closer to the outside world, Chinas financial market is gradually opening to foreign financial institutions, which has impacted domestic commercial banks. At the same time, as Chinas financial industry reform, the pace of interest rate liberalization is accelerated, and the capital market is developing rapidly, which form a huge pressure for Chinas commercial banks that depend on deposit and loan spreads as the main source of profits. Therefore, Chinas commercial banks developing the investment banking business actively has both external pressure and inner motivation. Commercial banks’ carrying out diversified investment banking business is helpful for widening income channel, enhance their competition ability and realize the transformation goal, and also for