The top securities companies in China are CITIC Securities, Guotai Junan Securities, Haitong Securities, Guangfa Securities, Huatai Securities, China Merchants Securities, Shenwan Hongyuan, Everbright Securities, CITIC Jiantou and orient securities. This ranking is based on the data of 20 19. Based on the data in 2020, the rankings of some securities companies may be slightly different.
1. An investment bank is a financial institution corresponding to a commercial bank. Non-bank financial institutions mainly engaged in securities issuance, underwriting, trading, enterprise restructuring, mergers and acquisitions, investment analysis, venture capital, project financing and other businesses are the main financial intermediaries in the capital market. Investment banks are the names of the United States and continental Europe, Britain is called merchant banks, and China and Japan are called securities companies. There are four main organizational forms of investment banks:
First, independent professional investment banks. There are many institutions of this type all over the world with their own business directions, such as CITIC Securities and CICC in China, Goldman Sachs and Morgan Stanley in the United States;
Second, investment banks owned by commercial banks, mainly commercial banks acquire other investment banks through mergers and acquisitions, participate in shares or set up subsidiaries to engage in investment banking business, which is very typical in Britain, Germany and other countries, such as HSBC Group and UBS Group AG AG. Third, universal banks directly operate investment banking business, mainly in Europe. Banks are engaged in commercial banking and investment banking. Investment banks mainly have investment business. Fourth, multinational financial companies.
Second, investment bank is a concept corresponding to commercial bank, and it is a new industry formed by modern financial industry to adapt to the development of modern economy. The remarkable feature that distinguishes it from other related industries is that,
First, it belongs to the financial service industry, which is a sign that distinguishes general consulting from intermediary service industry;
Second, it mainly serves the capital market, which is a sign that distinguishes commercial banks;
Third, it is an intelligence-intensive industry, which is different from other professional financial services institutions.