
我国商业银行投行业务的发展对策研究.pdf
47页首都经济贸易大学 硕士学位论文 我国商业银行投行业务的发展对策研究 姓名:颜燕 申请学位级别:硕士 专业:金融 指导教师:王苹 20090318 ?????????????????????????????????????????????????????????????????? ? IV ????? ? ? ?????? ? ? ? ??????????????????????????????????? ? !“#?$% ?1?????????@ABCD?EFG@HIJ K??!LABMNO?!?PO?!“#?!Q??RS?T!UVWXYZ?[ K?\]Q?^_‘T!a1bc on the other hand, the developed financing market has provided many investment tools for the widely existing medium and diminutive investment. Extensive innovation of finance results in great distributaries of deposit and increasing independence of banking medium. Worldwide changes of financing, pursuit of profits and enhanced risk control are making the bound between commercial banking and investment banking fairly obscure, and the mixed operation of financing has become the main trend. The domestic banks are desired to enter the investment domain for business expansion and predominance in future competition, taking advantage of their economy of scale and economy of scope, and their synergistic effects. This article, on this background, beginning with the expatiation of indispensability of commercial banks developing investment banking business, after reviewing and analyzing the expansion space in current financial environment, advantages and disadvantages of the mixed operation, brings forward the author's advice and tentative design of operation, discusses the business focus, developing mode, risk control and so on. Key Words: Investment banking business Mixed operation Risk—preventing Financial holding company ?????????????????????????????????????????????????????????????????? ? III ????? ? ? ?????? ? ? ?????? ? ? ?????? ? ? ?????? ? ? ? ? ? ? ? “#$%8??@A2)BC0D EFGHIJKLMNO,PQRC/0DSTUVW#XYZ[\] ^,_‘;8??CaSTUbc=deYfghi?\Vj?kl m,?n\op)qrs,tu@?? ? ? ? ?? ? ? ? ??????????????????????????????????????????????????????????????????????????????????????????? ????????????????????????????????????????????? ? ? ? “#?vFwdeYfghi?xyz{|qr?n/0,xy} ~C????x?z{?+/0,???C??/0???|??\? ???????J??/0,v?\??_‘C?J??1??I???XGnƒM#ª??E?ƒM#ª???? ?H?IJŁ3ØŒº?n??????????n?????æ???????e –?%??˚?????p=?x?? ?r??????67n?????S;??M‚??????« !???,? ??›?e–??œ3????ß??–?? !???,?·?%?«?/%?? ?n?i?l^? ??@A?B 2001 = 7 C??DE??FGn??????N?,H?qI? ?JK LX??????M??NO¸? P?Q7??RS?,? 7?æ? !T?U?? ??VW?X,´Y? !???,fƒi?æ??‚?jk?? !??g?æƒ??3L?l/?˙???¥ƒ? !Q6??æƒi? !??g?æh??3L?¥ƒ??mg…??æƒi?ß? YK?ƒinopq?æor?+I¿«???yu¿? ?@ƒino?4]?sj /0? ?«?7?,?,˚??????,’]1x??¥?I??¥?N??'$%?!I?«??*+???????Q??R???;??ST?U???Q???VWXYZ[???\]^ ?????????????????????????????????????????????????????????????????? ? 6 !“# 44 ! ?Y?)»??º?????0G!2?¸?3??????“?e–?TL??,???\˝?æ? C«?æƒ??,?x?æ?C???\˝H????’(?¢?,?B*+?? ?»? ??}?2»!???M˜I !???,??i˝’(??????,???£? B???HI???????Y5Y?˜i???????'˝„\«x˚? !’?7‰???¶ F8’(??????,? F8 !???,??’(????? ?,??v?? ?«???w{?,??P???|??,??U? ,????’:??C?C 8Zª? ???3??%???– !???,??89F???@?????G??7?,?wM?,??o?æ?,«?U?, ?;;;????@@@@????::::’’’’ !Q???e–?????@!?12«?¥}IJpO??????c?« ?æ????? ?K??????@@@@AAAABBBBCCCCDDDD? ? ? ? fg?????…? ??,?9?#Y^??????– !???,L’?^?HiO? ?DA?@ !??£⁄¸?¿??…x?????_‘?l.??e–??0??,?P?ß??@?q?@m?I???O=? ????0?????r?lmnP%efl E??? !???,?I?fi ¡¡?5????L??,«fg??? e–???e–z????9? !???,}?¯…?????,œ6X? !? ??,«??????,??¿r?¡??,?B?˙?!´Y???*+$%?? º?T?Cw??,??j‘?@E£⁄I]??«¿Vn1? ?99d?/0?fg?yD“PO?? ?!??_??“«??????fg???;?x????,?!33?‡????·?I??????? Vt??s;??%}sv^)?r??,????????–X,´Y?,?ƒ§ e–gV???;o„j$%¢?7:???~??@A?q?ß?ºŁz???Z?¡0???1? ???œ3?*+?,??@Hz?C??fi JK?Y%??*??«??u#?? ?– !???,?o??*?AY%O !???,?7?tF?j??9?[ \N*x??Shd*+N?«?fi ?ƒ§?|U?? ?T !???,????? ???,£⁄“—:«sS%??^FGDA????7«?QDv?{wJ? ?????????????????????????????????????????????????????????????????? ? 38 !“# 44 ! Y?:«sS%??^FG??DA3????e – !???,?%Q?Y??V????G0;?7•;M˝??????“???kHH?X ??k??????–;† ‡–·???¢ƒ§“???#*??$,-??*.4? !??@AB9?CC???? 4?5?DEFG?HIJ4? !KLMN@AB9?CCO?? 4?5?PQR??#*????IJST45?UVW?MN@AB9?CCC9X? 4?5?YZ[9\]?^_‘a-3bc*.d!e#*??$fghi4j5???ST9?CC?klmn? 4)5?opq? rst?,-u9vw??xy-z{|}“#??,-???opq~p?4j5?? ?#*??9?CC?l)n? 4O5?????????????fg4j5?????9?mm?9lmn? 4?5?????? !??*??$?????4j5?V???9?CC??)?? 4X5?:???#*??z??H?g??4j5?????09?CC?9l?n? 4m5???????#*???HN45???????MN@AB9?CC)? 4?C5???¡??¢£⁄¥ƒ????§fg4j5???#*??9?CC?9l?n? 4??5?¤'“~«9‹›fi fl “?–9†‡“·?fl ??,-N45?¶•A9?‚„9”»9…‰?¿9 t?“*@AB9?CC? `? 4??5?´ˆ˜??U?#*??¯˘˙a¨?45? !??@AB9?CC??? 4??5?˚¸???????˝ST45? !??@AB ?CC? `A? 4??5?˛ˇ—???C ?? mC `??!??*$???fg45? !W???@AB9?CC??? 4?)5?:?????!!e#*??‘a,-??*.$?ghi4j59=???9?CC??l?m?n? 4?O5???????˙a¨???‘#*??,-??*.{} !“#?????6784j59 !??Æ?ª9?CC??l??n? 4??5??????,-???#*??{!?#*??$,-??*.4j59 ??#*??9 ?CC?l?n? 4?X5?]Ł?? !??*/0IJ$ØŒ4j59º’??9?CC)l??n? 4?m5???????!#*??,-??*.˙a??ST4j59??æ?9?CC??l??n? 4?C5???ı9???ł#*???‘,-??*.øØ4j59???9?mmm?l???n? 4??5?\œß??!e#*??‘a,-??*.ST4j59????9?mmm?l?n? 4??5??????#*????1??? ?*.$˙a¨??S?4j59??Jæ?⁄?9 ?CCOl??n? 4??5????9????!!e#*??‘a,-??*.$fghi4j59?z?ST9?CC?lXn? 4??5?opq?? !#*??˙a,-??*.$??hi4j59??#*? ?CC)l?Cn? 4?)5?…???????,?*.??4j59???9?CCOl?n? 4?O5?]????!#*???a,-??*.$??1????4j59º’??9?CCOl?n? 4??5?\’ ???!#*??˙a,-??*.$??hi4j59!“??9?CCOlmn? 4?X5?#p$9:%??#*???a,-??*.??Ø?。
