关于中国投资银行入世的几点思考

Reflections on the Development of Investment Banks in China after China's WTO Accession

面对入世的挑战 ,中国投资银行应该如何应对 ?本文中指出 ,中国投资银行机构的组建应该采取以下三种方式 :鼓励国内券商兼并重组并与国外投资银行合资成立现代投资银行 ,允许国内商业银行从事投资银行与现代商业银行交叉融合的业务 ,允许国内民间资本组建现代投资银行 ;中国投资银行业务的发展应该集中在以下三个方面 :巩固和发展各种证券承销和经纪业务 ,尤其应尝试在线股票交易发展 ,着力拓展企业并购等资产重组业务 ,积极参与风险资本业务 。

What should the investment banks in China do to meet the challenges brought about by China's entry into WTO? This paper suggests that the following three approaches should be taken: encouraging domestic securities dealers to restructure themselves and set up modern joint investment banks with foreign investment banks; allowing domestic business banks to provide services which involves both business and investment; allowing domestic non-government capitals to form modern investment banks. The businesses of the Chinese investment banks should focus on the followings: to strengthen and develop the diversified underwriting and broking businesses, especially the online stock exchanges; to further expand restructuring businesses such as merging and acquisition; to actively participate in venture capital business, supporting the development of hi-tech enterprises.