Investment Banking Practice

Author: Chen Wenjun
Publisher:
Publish Date: 2005-01-01
Features: Investment banks are the product of the development of the joint-stock company system of securities to a specific stage, serving as an important entity in developed securities markets and mature financial systems. They play a crucial role in modern economic development by facilitating the matching of capital supply and demand, constructing securities markets, promoting corporate mergers and acquisitions, fostering industrial concentration and economies of scale, and optimizing resource allocation. Compared to developed countries abroad, domestic investment banks have significant gaps in both practice and theory. (1) Practical gaps. (2) Theoretical gaps. To explore the intrinsic laws of investment bank development, this book starts from the realities of China, incorporates advanced international experiences, and focuses on explaining the core operations of investment banking. In the writing process, we strive to achieve practicality, innovation, and comprehensiveness, aiming to provide readers with a new framework for investment banks, as well as fresh perspectives and solutions for financial professionals, enthusiasts, and university students. To achieve this goal, we not only collaborated with experienced practitioners and professional college teachers who have long been engaged in capital market operations and investment competitions but also introduced in detail the operational norms of China's investment banking to highlight its practicality. Additionally, we extensively collected the latest domestic and international materials on investment banking through various channels, fully introducing new concepts, business models, and trends in China's and international investment banking, ensuring the book has a certain forward-looking and guiding nature.