Shallowcommercial bank investment banking Wu develops countermeasure.doc

Shallow by commercial bank investment banking Wu develops countermeasure summary business of investment of our country commercial bank starts late, development is rapid, but also put in a few problems. Commercial bank of article union our country invests the issue of the current situation of banking Wu and existence, analysed the account that produces these problems, put forward to develop a commercial bank to invest the countermeasure of banking Wu. keyword commercial bank; Investment bank; Develop countermeasureOur country commercial bank invests time of banking Wu open not to grow, as more a lot of than existing as photograph of foreign advanced commercial bank inferior position, oneself development returns existence problem, because this needs,develop further. One, business of bank of investment of our country commercial bank grows the current situation. The investment bank development of our country is later, the first stockjobber is the stockjobber of Shenzhen special economic zone that held water in Shenzhen 1987. From the point of our country practice, investing banking Wu is at first come to those who finish to assist by the commercial bank. Go up century the later period in 80 time, open negotiable securities circulation market as our country, the negotiable securities business of original commercial bank is come out by depart gradually, various places established large quantities of one stockjobber early or late, formed the system of orgnaization of security market intermediary that gives priority to with stockjobber. In more than 10 years subsequently, stockjobber becomes our country to invest the principal part of banking Wu gradually. But, besides professional stockjobber, still have large quantities of one scope of business the fiducial investment firm of relatively wide extensive, financial investment firm, property right trades to manage company, financial advisory company to wait for the other business that is engaged in investing a bank with broker orgnaization, asset. The investment bank of our country can divide for 3 sort model: The first kind is national, the 2nd kind is regional, the 3rd kind is civilian battalion sex. National investment bank divides again it is two kinds: It is the stockjobber that is setting with bank system firstly, it is the fiducial investment firm that with directly under of the State Council or the State Council each ministries and commissions is setting secondly. Regional investment bank basically is the professional stockjobber that saves two class of city and trust company. The investment bank of two kinds of types relies on above the country invests in our country in the concessionary right of administration of side of negotiable securities business main body position was held in banking. The investment bank of civilian battalion sex basically is a few investment management company, financial advisory company and asset management company, their great majority is offer what management seeks advice and invest advisory business development to rise for the client from in the past, have particular capital actual strength, be in an enterprise and buy, project financing and financial innovation respect have very strong flexibility, becoming our country to invest the force of a backbone of bank domain gradually. 2, the problem that at present business of bank of investment of our country commercial bank exists(one) business function is not completeInternational is cast of travel advocate business Wu was not begun in our country commercial bank rise, the commercial bank lacks core business, affect the play of the advantage, still cannot calculate begin on real significance cast industry Wu. (2) management breed is simpleThe share that our country commercial bank pursues casts industry Wu, divide roughly to consult adviser kind, recombine and buy kind, asset turns concessive capital negotiable securities is changed, direct financing kind 4 kinds big. Nevertheless, the rate that drops industry Wu to begin still not deep, scope of business still not wide, can be engaged in annex buying project of advisory business, finance and research and the can be counted on ones fingers that expand kind of business. (3) take support to the enterprise insufficientChurchyard enterprise overseas appears on the market bear sell business to be handed in mostly with joint-stock company or foreign capital company, the investment bank of our country lacks prestige generally still, lack international prestige especially, domestic commercial bank still cannot take door going abroad for the enterprise, participate in internationalization competition, abroad annex to buy form strong support. Look from western developed country, the development of contemporary investment banking is a mark with its run a company in great quantities and buying business, there also is exceedingly good show in field of asset management and financial engineering additionally. In addition, the product innovation ability of our country commercial bank, market competition ability, participation in international money market the respect such as degree not as good as international is large investment bank. 3, the cause that causes our country commercial bank to invest issue of banking Wu existenceOur country commercial bank launchs the blemish that casts industry Wu and issue is caused by a variety of reasons, basically have 3 respects reason. (one) divide what course of study manages situation to restrictThis is the mainest reason. As our country “ commercial bank law “ , “ negotiable securities law “ , “ insurance law “ promulgate in succession, formed the structure that line of business of cent already battalion, branch superintends, this has its rationality and necessity in economic transition initial stage. The country was rolled out 2001 “ business of short duration sets all right among the commercial bank “ wait for legal laws and regulations, begin for the commercial bank cast industry Wu to provide policy space. Although the commercial bank was begun all the year round financing of financial adviser, silver-colored round loan, structuralization, recombine and buy, negotiable securities of short-term financing certificate, capital changes those who wait for a few stockjobber to fail to begin or did not form an advantage to cast industry Wu, but of negotiable securities bear annul, broker and trade the business that waits for need to manage license plate still fails to begin, to the overall service of the commercial bank the function is formed restrict, create a commercial bank cast industry Wu to cannot form complete business value catenary and comprehensive business system, some a few a lot of link that cast industry Wu to just cast catenary of value of industry Wu whole to go up, adjust what should begin those who have complete value catenary to cast industry Wu to still need national policy and legislation further. < (2) of innovation mechanism be short of breakBe in abroad, it is a mode, superintendency environment, mature to cast degree, trade the environment is relatively perfect, cast travel business line of the products complete, application of product of develop produce, innovation is more. Our country economy still is governmental dominant economy at present, investment of civilian battalion capital gets more limitation, for example the business of venture capital investment of our country still fails to be begun effectively, the financing source of venture capital investment is single, scale is not large, of poineering capital exit channel or exit mechanism problem to had be notted solve. Monetary market and capital market cut apart for a long time, make our country commercial bank assumed almost total finance risk, do not match greatly with management accrual, also accumulated the systematization risk of Chinese banking industry. The commercial bank also needs to enter capital market and other money market, realize accrual and risk match, reasonable and dispersive risk. (3) the lack of high quality professionalDevelop the talented person that sends industry Wu to need much material, major and advanced technology. Will tell to relevant personnel need to understand economy of analysis of investment, financing, law, industry, countryman not only the extensive knowledge such as macroscopical analysis, and can have take commercial chance, use negotiation skill, grasp appropriate opportunity, have a boy or girl friend the competence that the tall intelligence such as mining and financial arrangement serves. Can say, talent, capital, brand is the main asset that constitutes investment bank, the mainest asset is a talent. High quality professional is rare be short of is one of main problems that puzzle our country to cast industry Wu to develop. 4, the countermeasure of business of bank of investment of development of our country commercial bankThe rapid development of domain of our country direct financing brings percussive to the commercial bank that is engaged in indirect financing at the same time, also brought the opportunity of business transition and executive business diversity, open the channel that the commercial bank enters new capital market. The actual structure that invests a bank in the light of our country and commercial bank begin the inadequacy that casts industry Wu, can take the following and main step. (one) stimulative commercial bank and the confluence that cast industry WuIn our country need develops those who cast industry Wu energetically today, visit western developed country the sort of free competition, cast travel is bristly, to found brand, amalgamative conformity, arrive again do do greatly strong, take door going abroad, accumulating a process is endless, time and cost do not allow apparently. The commercial bank is the main channel of our country indirect financing, the trend mixes already battalion mode already was global trend, also be our country expands the shortcut that casts industry Wu. Extend further from the commercial bank cast industry Wu for, two kinds of ways can choose: It is the commercial bank is begun directly cast industry Wu, strive for business to manage license plate to extend at an early date, 2 it is to establish financial holding company to be engaged in investing banking Wu, if accuse a fund company, stockjobber, trust company to wait, accelerate business synthesization to run pace, promote orgnaization of of all kinds finance the alternate confluence that joining industry Wu field, mutual permeate. (2) form professional brand and ethical brandPermeate what confront international finance capital quickly with competition, should carry a state the control force to finance, promote the whole of financial industry competition ability, our country is necessary to establish the large synthesization that can contend with foreign banking group to run financial company, development expands to cast industry Wu native landly, will drive with the business advantage of the commercial bank cast industry Wu to develop, the person that the main banking service that makes our country commercial bank continues to become big client and product are offerred, through sending client of credit of industry make sure to cast a client to change. Accordingly, the commercial bank is necessary to be extended energetically cast industry Wu, breed a batch of capital can abundant, competitive, sufficient the investment bank that participates in development of market of our country capital and state-owned company reform. (3) innovation product, prosperous market, satisfy different business demandThe progress of the development as economy, IT, finance is deepened theoretically especially of financial project arisen, make investment bank can apply burgeoning financial tool to undertake risk analysis and investment are combined, undertake business innovates, for the guest (next turning the 96th page) (on receive the 92nd page) door provide wide appreciation service, make service of administration of guaranty bond, package finance, lever is bought (LBO) , negotiable securities of futures, period authority, crossing-over, capital is changed etc derive financial tool ceaseless emerge in large numbers. The commercial bank can be an enterprise to offer through organizing major to serve a group from financing crossing the bridge (equity financing) , bill of short certificate, metaphase, bond bear annul, the stock is issued, the package comprehensive solution such as bill financing, conduct financial transactions and investment. As the change of financial technology and market, capital negotiable securities is changed, the new product such as fund of investment of equity of collect of fund of investment of produce of of all kinds develop, venture capital investment, estate, illicit and new service means are abounding investment ceaselessly the connotation of banking Wu. Come true through casting a method to be able to urge a commercial bank from “ company credit “ to “ company finance “ change, from “ hold borrows money “ to “ management loan “ change, from “ credit bank “ to “ credit bank “ change, offer better integrated finance to serve for the client. (4) form competitive mechanism, the intermediary of perfect form a complete set serves < Development casts industry Wu to need large quantities of high quality professional, powerful capital runs ability and rich, extensive information resource, make the commercial bank can be changed in financing negotiable securities, the modern economy that asset bill changes moves in the effect that produces capital intermediary adequately, and it is not actual that the bank has of all kinds professional in time, also increased moving cost, this provides good service with respect to orgnaization of need society intermediary. The collaboration of bank and intermediary orgnaization will be deepened ceaselessly. Bibliographical referenceLv Qingquan. The investment bank business of our country commercial bank J . Financial economy, 2008(07) . Chan Juan. Shallow the investment bank business that discusses our country commercial bank J . Modern trade, 2007(07) . <