The Comparative Study On The Income Structure And Business Structure Of Sino-foreign Investment Banks

With the global financial markets merging into an organic whole, almost all the major investment banks are quickening their strategies in China. Chinese investment banks face the challenge of survival. However, there are many problems in our country's investment banks. The income structure with high risk and low profit, as well as the business structure that is traditionally monotonous and lacks innovation, is the main factor that restricts the development of Chinese investment banks. Therefore, through the comparative analyses on the income structure and business structure of sino-foreign investment banks, I propose, based on the reference to the advanced experience of foreign investment banks, a strategic discussion on business innovation of our country's investment banks.At the beginning we have the introductory part which illustrates briefly the background and meaning of choosing the topic, together with the relevant study on such a topic in our country and abroad. The framework, working thread and method are also referred.Secondly we generalize the development of the international investment banks, the study of status quo, and its trend. By applying the relevant theoretic knowledge of Economics, Finances, and Investing, I illustrate the historical development of investment banks, and analyze the motivation for business innovation, as well as its trend and traits.Then followed the focus part of this thesis. Comparative analyses on the income structure and business structure of sino-foreign investment banks are proposed. At first, based on the figures in their respective annual report, I analyze the income structure and business structure of the top international investment banks: MERILL LYNCH., GOLDMAN SACHS and MORGEN STANLY& CO. A relevant analysis between business innovation and profit composition is further proposed. After that, the status quo of the Chinese investment banks is illustrated. By sampling the listing companies of HONGYUAN and ZHONGXING, I analyze the income structure and business structure of Chinese investment banks. In the end, I compare the income structure and business structure of sino-foreign investment banks, and analyze the factors that affect the bettering of the business system of our country's investment banks.Based on the original figures in the annual report, I make explicit the traits ofbusiness innovation with regard to the famous international investment banks. I introduce and analyze in this part the innovative business of Assets Management, together with Merger & Acquisition, Management of Fund, Project -financing Loan and Securitization. Contributions of these businesses to the income structure are pointed out.At last, the external press and internal motives for business innovation are stated. Making reference to the international investment banks and considering the factors that affect the bettering of the business system of our nation, I explore the innovation strategies of bettering a lawful surrounding, internal management, assets allocation and kernel competitive force. Proposals and suggestions are listed to better the traditional businesses and create the extended ones.In the end follows the conclusion.