This paper analyzes on the operation and annual reports of the international famous investment banks of Merrill Lynch,Morgan Stanley and Goldman(Mainly base on the statistic annual reports from 1998-2003).The analysis...This paper analyzes on the operation and annual reports of the international famous investment banks of Merrill Lynch,Morgan Stanley and Goldman(Mainly base on the statistic annual reports from 1998-2003).The analysis focus on the characteristic business and cultivation on the core capability and sustaining development which give a reference to the Chinese Securities companies.展开更多
文摘This paper analyzes on the operation and annual reports of the international famous investment banks of Merrill Lynch,Morgan Stanley and Goldman(Mainly base on the statistic annual reports from 1998-2003).The analysis focus on the characteristic business and cultivation on the core capability and sustaining development which give a reference to the Chinese Securities companies.