对我国投资银行发展途径的探讨——从资产管理公司到投资银行

Exploration on the Way of Development of the Investment Bank of Our Country——from Assets Administrative Corporation Move Towards Investment Bank

投资银行是现代金融体系的重要组成部分 ,近年来业务向多元化的专业化方向发展。日常我国从事投资银行业务的机构以证券公司为主 ,其业务以证券承销、经纪和自营等传统业务为主。我国成立的四家资产管理公司运用债转股、证券化、并购重组等投资手段处置国有商业银行的不良信贷资产 ,随着其业务运作的成熟 ,将从管理经验和人员基础两方面为我国现代投资银行业的发展提供一条新的途径。

The investment bank is the important composition of modern financial system,in recent years the business of it has been developing towards pluralization and specialization.Securities corporation is the principal institution which engages investment bank basiness day-to-day in China,its principal business is the traditional business,such as take charge of selling securities,works as a middleman,self-management etc.Four assets corporations which were recently founded in China using turn debt rights into share rights,securitiesization,annexation and reorganization etc investment means to deal with the bad credit assets of state-owned commercial banks.Along with its ripe of business operation it will saggest a new way for the development of modern investment banking of China from management experienoe and personnel base.