1. Department
Investment Banking Department: We are familiar with the work of investment banking, that is, listing. The work we did when we joined the company was relatively basic, but what the investment bank did was actually to help enterprises raise funds. Anything that can help enterprises raise funds is considered as the job of investment banks. There are several business lines, namely equity financing, debt financing and mergers and acquisitions. Every business line of an investment bank is divided into signing, undertaking and underwriting; Contracting is to go out and deal with various enterprises, understand their financing needs and meet this demand. In this job, there will be many competitors and all brokers will compete, so the pressure of signing a contract is relatively great, that is, sometimes many people say that if you have no background at home, you should not be an investment bank. This contract is to have enterprise resources.
If there are no resources, it is really bad to do business; After the project is brought in, you start to do it. If you are studying abroad, you will find an intermediary. The agent will help you apply. The investment bank undertakes something similar to this. The undertaker of the investment bank will help the enterprise prepare the financing materials, so this is the reason why you often travel, and finally form a financial product to sell to investors.
(2) Stock business department: In addition to the contact with investment banks, it also has a lot to do with the research department. Research departments can't make money simply by doing research. There are two ways to make a profit, one is to sell the report you wrote, and the other is to give your opinions to some investors for free. If investors think these opinions are good, they will give some rewards, such as handling fees.
Research can't have two jobs: one is to write a report, and the other is to deal with people in the enterprises and industries under research, and then convey opinions and analysis to investors. Because the news has to be passed on to investors all the time, the people in the research department will go to the enterprise to do research and go to the buyer's organization to do roadshows to expand their popularity.
(3) Creditor's rights products are sold by the fixed income department. In addition to bond sales, there are also some collection departments that specialize in investment. These people are divided into several positions: researchers, account managers and traders. Fixed income shall not be invested in selling fixed income products or investing in stocks. The source of funds for their investment is some customers or companies' own funds. (4) The most important department of a brokerage firm is the brokerage business, that is, the xx securities business department or business hall on the roadside that you usually see, that is, the brokerage branches around the country help enterprises open accounts. , belonging to the tentacles of brokerage business. In addition to these, there are self-operated departments, mainly engaged in investment promotion. The money is given by the company and only invests in stocks and equity products.
The differences are as follows:
Investment banks are banking financial institutions mainly engaged in securities issuance, underwriting, trading, enterprise restructuring, mergers and acquisitions, investment analysis, venture capital, project financing and other businesses, and are the main financial intermediaries in the capital market. The concept of foreign investment banks is more consistent with that of China's securities companies.
Private equity investment refers to equity investment in private enterprises, that is, unlisted enterprises. In the process of transaction implementation, the future exit mechanism is considered, that is, through listing, mergers and acquisitions or management buyback, the shares are sold for profit.