中美投资银行业务比较分析.pdf

ABSTRACT ABSTRACT AABBSSTTRRAACCTT Along with the internationalization of RMB, China is preparing to promote two-way open capital market. Chinas investment banking business is facing with challenges and opportunities. Faced with competition from the advanced international investment banking, whether Chinese investment banking industry can seize the initiative to obtain the discourse power in the construction of capital markets, will have significant meaning for further promoting China´sinternational prestige. Firstly, the article analyzes the current situation and main problems of investment banking business. The overall assets of investment banking stable growth, leverage rapid rise, Operating income growth, but revenue structure not much changed; A rapidly increasing number of investment Banks and practitioners.But our investment banking exist some problems, such as small asset size, lack of profitability, simplification of earnings structure.While the present situation ofUS investment banking business arebig different in our country. The traditional business income accounts for the relatively small, innovative business and extended type business development mature, in the total revenue accounted for. And there are three characteristics of the U.S. investment banking: a wide variety of business types, improved business function, more professional business. After the specifically analysis of the current situation of both Chinese and the American investment banking business, the author compered them in the traditional business, innovative business and extended type of business, aswell as the asset size, operating leveragerateand business structure of the investment business in two countries are also compared in the article.After that, the author analyzes the reasons which caused the differences of invest