The Research Of Problems In The Development Of Chinese Investment Banks And Countermeasures

Investment Bank is the description of the United States,which acts as intermediary between the demands and providers of capital funds, this is its basic function. investment bank plays an important role in modern economy. The well-known American historian and financial experts Robert Le ? Sobey has said :"Investment bank is the heart of the Wall Street, that is the reason why the wall street exits."Investment bank is a new thing in China , the domestic stockjobbers are implementing functions of investment banks which are Chinese investment banks. Although we do not change Chinese securities company's name to investment banks, In fact foreign investment bank also don't use "investment banking" for their title, such as Morgan Stanley Group, Merrill Lynch group and so on. China's securities companies not only play an basic intermediary role in the stock market, but also have special missions of innovating financing system , promoting strategic shift of the state-owned economy and improving the overall efficiency of the state-owned economy.On December 21, 06, our country implemented WTO agreements, comprehensivly liberated financial markets, a large number of financial institutions swarm into China market, Chinese investment bank will compete with more outstanding foreign investment banks. without the protection of government, domestic investment bank will expose its disadvantage. by studing its own problems and finding solutions to the problems, our domestic investment bank just can grow up and become strong in competition. this paper which studies the problems of investment bank's development for more than 20 years, puts forward solutions to these problems, will have reference value for the real development of investment bank.