Investment Banking Business and Operations (Second Edition)

Author: Ren Huixiu
Publisher:
Publish Date: 2006-01-01
Features: In modern terms, investment banks are non-bank financial institutions engaged in various businesses such as securities underwriting and trading, corporate mergers and reorganizations, project financing, fund management, venture capital, and financial advisory. Investment banks are the soul of Western developed capital markets. In recent years, in several major overseas direct financing activities in China, a group of top-tier international investment banks played a pivotal role. In contrast, the vast majority of domestic securities operators still have a considerable gap from modern investment banks and must further strengthen knowledge dissemination and research efforts. This book closely integrates the new developments in the theory and practice of investment banking and provides a detailed revision of the content. First, it outlines the development process, functions, and organizational structure of investment banks; then, it elaborates on the main business operations of investment banks, enabling readers to gain a clear and in-depth understanding of them; finally, it explores the international development trends of investment banks and focuses on introducing the U.S. investment banking industry, offering some insights for the development of China's investment banking sector.