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1、ABSTRACTAlongwiththeinternationalizationofRMB,Chinaispreparingtopromotetwo-way
opencapitalmarket.China'sinvestmentbankingbusinessisfacingwithchallengesand
opportunities.Facedwithcompetitionfromtheadvancedinternationalinvestmentbanking,
whetherChineseinvestmentbankingindustrycanseizetheini
2、tiativetoobtainthediscourse
powerintheconstructionofcapitalmarkets,willhavesignificantmeaningforfurther
promotingChina´sinternationalprestige.Firstly,thearticleanalyzesthecurrentsituationandmainproblemsofinvestment
bankingbusiness.Theoverallassetsofinvestmentbankingstablegrowth,leveragera
3、pid
rise,Operatingincomegrowth,butrevenuestructurenotmuchchanged;Arapidly
increasingnumberofinvestmentBanksandpractitioners.Butourinvestmentbankingexist
someproblems,suchassmallassetsize,lackofprofitability,simplificationofearnings
structure.WhilethepresentsituationofUSinvestmentbankingbu
4、sinessarebigdifferentin
ourcountry.Thetraditionalbusinessincomeaccountsfortherelativelysmall,innovative
businessandextendedtypebusinessdevelopmentmature,inthetotalrevenueaccounted
for.AndtherearethreecharacteristicsoftheU.S.investmentbanking:awidevarietyof
businesstypes,improvedbusinessfu
5、nction,moreprofessionalbusiness.Afterthe
specificallyanalysisofthecurrentsituationofbothChineseandtheAmericaninvestment
bankingbusiness,theauthorcomperedtheminthetraditionalbusiness,innovativebusiness
andextendedtypeofbusiness,aswellastheassetsize,operatingleveragerateandbusiness
structur
6、eoftheinvestmentbusinessintwocountriesarealsocomparedinthearticle.After
that,theauthoranalyzesthereasonswhichcausedthedifferencesofinvestmentbanking
businessoftwocountriesfromfouraspects.Usingthemethodofcomparison,thisarticlecomparedthedifferencesofinvestment
banking,putforwardthecausesof
7、thedifferencesbetweenthetwocountries:Firstly,the
differentinstitutionalstructureandsourcesoffundingleadtodifferentmarketstructure;
secondly,thedifferentmarketstructureleadstofurthergapofcapitalscaleandindustry
concentration;thirdly,differentinternalorganizationalstr
