The Study of the Capital Financing Ability of Investment Banks Based on the Financial Integration
更新时间：2019-05-21
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作者联系方式：Liu Ruibo(School of Finance and Banking, Shandong University of Finance, Jinan, Shandong P.R.China, 250014;School of Management, Tianjin University, Tianjin P.R.China, 300072)Zhai Yinjia(School of Finance and Banking, Shandong University of Finance, Jinan, Shandong P.R.China, 250014)
会议名称：第六届管理学国际会议
会议地点：武汉
召开年：2007
摘要：As the leading actor and backbone of the capital market, the core competence of investment banking becomes the focus that the scholars in and abroad the country paying close attention to. This text has analyzed the relationship of concentration ratio as well as the market scale of security industry in our country and the performance from the angle of promoting capital financing ability of investment bank. Comparing with developed investment bank of foreign countries, we draw a conclusion that the investment bank of our country is small in scale, weak in market competence, and lacking of the trade oligarch. In the face of the opportunity and challenge brought by financial integration, and the all-around opening of money market after entering the WTO, we propose expanding economic scale through the way of capital financing such as increase capital and stock, IPO, issuing bonds and M&A, to promote the core competitiveness of the securities company of our country.
