Research On Investment Banking Transformation For Registration

As China's IPO system continues to reform along the direction of marketization,the government will continue to give a positive answer to the question of whether the registration system is issued.It is reasonable to expect the issuance of new shares to be implemented in the near future.Domestic investment banks in the past to implement the approval system of the environment,the industry level of extensive management,business chain is not coherent,synergies between each other is not strong,income structure imbalance,lack of business chain extension.There is a lack of cooperation between the departments of the investment bank,the backwardness of customer excavation and customer relationship maintenance mode,and the lack of attention to research support.Domestic investment bank only timely transformation,in order to respond well to the challenges of the registration system.This paper analyzes the difference between the registration system and the approval system,and points out the opportunities and challenges brought by the registration system to the investment bank,and puts forward the role of the registration system and the capability of the domestic investment bank.And then draws on the development pattern of foreign typical investment bank,from the organizational structure,income structure,business model and other aspects of the detailed analysis of the success of foreign investment banks.Through the extensive collection of domestic and foreign investment bank development information combined with the registration system on the development of domestic investment bank capacity requirements of China's investment bank for the registration of the transformation program.The scheme puts forward the organizational structure of the matrix system according to the division of the industry.The business model puts forward the business model of transforming into large investment banking system.At the same time,it is necessary to strengthen the research team construction and improve the research pricing ability.The establishment of multi-level investment bank risk control system to improve risk control capabilities.Encourage business model innovation,focus on cultivating investment bank innovation ability.Domestic investment banks only positive innovation,timely transformation in order to better cope with the registration system of this major change.