基于金融一体化对投资银行资本融资能力的研究[文献翻译].doc

外文题目：The Study of the Capital Financing Ability of Investment Banks Based on the Financial Integration 出 处： P．R．China Liu Ruibo．Zhai Yinjia The Study of the Capital Financing Ability of Investment Banks Based on the Financial Integration Abstract: As the leading actor and backbone of the capital market．the core competence of investment banking becomes the focus that the scholars in and abroad the country paying close attrition to。This text has analyzed the relationship of concentration ratio as well as the market scale of security industry in our country and the performance from the angle of promoting capital financing ability of investment bank。 Comparing with developed investment bank of foreign countries．We draw a conclusion that the investment bank of our country is small in scale，weak in market competence，and lacking of the trade oligarch. In the face of the opportunity and challenge brought by financial integration．and the all-around opening of money market after entering the WTO，we propose expanding economic scale though the way of capital financing such as increase capitol and stock, IPO，issuing bends and M＆A．to promote the core competitiveness of the securities company of our country. Introduction Economic globalization and financial integration are increasingly becoming the main trend of the current world economic development, the capital flow among the world and globalization of capital markets have become the main strength to promote this process and investment banks．The investment banking, core and soul of capital markets，are playing all important role in a country’s capital market in terms of the construction of the financing market．development of the financing channels and the choice of the financing projects．With the business diversification and internationalization．they have greatly influenced the global financial markets．The cushion period of China’s entry into the WTO is coming to an end and the opening