What are the investment banking and asset management businesses of securities companies?

Investment banking refers to the securities underwriting business, that is, the underwriter when a listed company issues shares. This is the reference of most domestic brokers, and a few large brokers also underwrite other securities. International investment banks are much more complicated.

Asset management business is an asset management business, which means that customers entrust assets to securities companies, and securities companies invest and manage wealth on their behalf. At present, the collective wealth management products sold by securities companies are one of the collective asset management businesses.