| With the rapid development of capital markets and the continuous innovation of financial instruments, In the background of modern economic and financial highly developed, the global financial market and the business chain was re-integrated. The old business model dominant by commercial banks is facing much more challenges, therefore, we should give more attention on the commercial banks'management and development.The mechanism of segregated operation and augmented supervision to banking, securities and insurance business and has been carried out for a l ong times in our country. H owever, f acing t he f ierce c ompetition a nd c hanging m arket c onditions, from the experience of other countries, we hold that integrated operation would be the inevitable choice. As the financial innovations, investment banking is different with traditional credit business, commercial banks should expand new business fields and markets.In C hina, The com mercial banks'i nvestment ba nking business is ju st in the primary s tage. F or the t ime be ing, w hat the commercial ba nks p rovide include financial Consultant, consortium loan, shorter maturity bonds issue ,which are closely related or associated with traditional credit business and have many problems. What our country's commercial banks should do i s much more, meanwhile, commercial banks must borrow foreign mature successful experiences, make continuous efforts and improvements.In t his pa per, w e pr ovide a c omprehensive analysis on t he t heories a bout investment banking business of commercial banks, and make a completely compare between at ho me and abroad. In specially, we sys tematically discuss t he presen t situation of t he i nvestment ba nking bus iness of our c ommercial b anks a nd t he problems w hat's t he c ommercial banks f acing. At l ast, we m akes an empirical analysis about CCB through CEM, and provide some policy recommendations... |
