Restructuring Mode And Integration Strategy Of China's Investment Banking Research

Finance is the core of modern economy, and investment banks are the heart of the financial sector. Compared with foreign investment banks, Chinese investment banking is a sunrise industry, including securities companies as main component. In recent years, as China's economic structural adjustment and financial reforms, there need a high development of financial intermediary, such as securities firms. The most basic function of securities companies is to provide a range of high quality financial intermediation services, thereby promoting the healthy development of the entire capital market. However, because of the market background in the history of evolution, such as system defects,structural defects etc.with the rapid development of securities companies,there exposed a series of problems, and gradually open a industrial reorganization. Through the reorganization, the primary task is to adjust existing resources from the institutions, governance structure and institutional levels of the industry and introduce a competition mechanism to improve China's investment in the operation of the banking system. Then Merger and reorganization will not only bring a rapid improvement in operation quality of assets to increase their market competitiveness, and also will ultimately improve the economic efficiency of the securities industry and the overall comprehensive competitiveness.At present, the extinction of Wall Street investment bank model which was triggered by the outbreak of Subprime Crisis, has put across the era of Wall Street investment bank, the industry suffered a huge impact on China's investment bank also can not be an exception. Again, domestic and international economic situation made us to re-examine China's fledgling investment banking, to learn a lesson, but also give full consideration simultaneously on the national conditions of China. Concerned with development model and stages of capital market, there are many differences between America and China. We should involve all the factors to explore that,how China's securities companies control of financial risks effectively, based on the use of global investment bank reconstruction. through the restructuring of model selection and the effective implementation of integrated strategies to improve their property, and then enhance the operational efficiency of capital markets, promote China's economy to develop sustainly and healthily.In this paper, the research of Chinese investment banks'integration will base on the macro level of industry and micro level of the enterprise, and will apply M&A Theory and M&A Integration Theory to the practice of the restructuring of our investment banking, including administrative restructure with Chinese characteristics, bankruptcy reorganization,as well as to adapt to the survival of the fittest M&A market mechanism. It will explore ways through the business chain, organizational structure and internal resources as well as the comprehensive integration to improve the external environment to enhance the level of firms restructuring and reorganization of efficiency,and provide guidance of investment banking's restructuring and integration of the industry.