Asset Securitization and Corporate Mergers & Acquisitions--Research on Innovation in Investment Banking Business

Author: Zhu Yulin
Publisher:
Publish Date: 2006-12-28
Features: With the accelerating pace of financial market reform and opening-up, China's investment banks will face severe challenges from strong domestic and international competitors. As traditional businesses such as securities issuance face resource shortages, intense competition, and market standardization, developing emerging businesses and seeking breakthroughs for further growth should become the primary task of China's investment banks. Asset securitization and M&A (mergers and acquisitions) should become the core businesses for China's investment banks to focus on in the coming period, serving as the direction for their business to move out of the slump and achieve further development. From an economic analysis perspective, this book studies innovative businesses such as asset securitization and M&A, aiming to provide valuable insights for investment banking practice based on theoretical analysis. The book consists of nine chapters, with its logical structure summarized as "one center and two main threads." The center is the theory and technology of corporate and asset cash flow analysis (corporate valuation), while the two main threads are asset securitization and M&A. The specific content is organized according to research topics.