Investment Banking M & A Business And Competitiveness Analysis

M&A Consultancy, the intermediate service to the balance-adjustment of the capital market, is one of the original and core businesses of investment banking, representing the future of investment banking in some sense. Confronted with the challenges from competitors at home and abroad, the domestic investment banks are in great need of strengthening the competitiveness by re-structuring their business scope. With the opening-up of capital market, the re-structuring of industries and the reform of state-owned enterprises, M&A Consultancy is the most prosperous area in investment banking. Therefore, it is of great importance and necessity to undergo a thorough study on M&A Consultancy to improve both the investment banking and the capital market in China.Started from the revised conception of investment banking that "it is a series of fee-based financial intermediate services of fund-raising and balance-restructuring in capital market", the article tries to prove the originality and core nature of M&A Consultancy. With the discussion on the significance, contents and strategies of the competitiveness of investment banking from the industrial and enterprises' view, the article hopes to be of some benefit to the domestic investment banking and its M&A Consultancy.The article consists of 6 chapters.The first chapter, "Introduction", introduces the background and the significance of the theme, and the relative theories on investment banking and competitiveness.The second chapter, "on Investment Banking", discusses the conception, contents, history and function of investment banking, indicating that the M&A Consultancy is one of the original business of investment banking in nature.The third chapter, "the Core Business of Modern Investment Banking~M&A Consultancy", highlights the characteristics, contents and development of M&A Consultancy, proving the significance of modern investment banks' participation and coming to the conclusion that "M&A Consultancy is the core business of modern investment banking".The fourth chapter, "On the Competitiveness of M&A Consultancy", discusses the industrial and enterprises' competitiveness of M&A Consultancy. The first part explains how to strengthen the enterprises' competitiveness of M&A Consultancy from three angles of customers' selection, risk management and ability improvement of investment banks. The second part analyzes the two main competitors to M&A Consultancy industry, the overseas investment banks and the domestic commercial banks, and points out the principles toward opening-up and competitiveness.The fifth chapter, "On the M&A Consultancy of China", discusses the main body, characteristics and development of M&A Consultancy in China, basing on the description of the development of Chinese capital market and M&A practice, and makes it a conclusion that it is of great necessity to improve the M&A Consultancy competitiveness of domestic investment banks.The sixth chapter, "Competitiveness improvement of M&A Consultancy in Chinese Investment Banks", discusses how to improve the M&A Consultancy competitiveness of Chinese investment banks. The significance of competitiveness, the competition situation to domestic investment banks and the relative strategies are also discussed in details in this chapter.