2. Investment banks are common in developed countries such as Europe and America, and they are the product of the advanced development of the securities market. In fact, they are comprehensive securities companies, and their business not only lies in simple operations such as brokerage, underwriting and trading agent, but also includes agency investment and self-operated investment, making various financial leverage tools, venture capital and bond financing, and providing financial services for large enterprises, while the latter is their core business and core competitiveness. It is called an investment bank because its core business and core competitiveness are concentrated in investment-related businesses. The most famous investment banks are Goldman Sachs and JPMorgan Chase. At present, there is no real investment bank in China, and neither capital nor core competitiveness is qualified to become an investment bank.
3. Our country commonly known as securities companies, refers to the securities institutions engaged in brokerage business and self-operated business such as securities brokerage, underwriting and trading agent. The business is relatively simple, mainly securities brokerage business and proprietary trading business, which is also the main source of the company's income, far different from the main source of profits of investment banks in Europe and America-investment business. Securities companies in China are still in the primary stage, similar to pure brokers, and compared with comprehensive investment banks in Europe and America, just like rickshaws are to cars. This is also the reason why China has not fully opened its capital market. This is related to the degree of development of the capital market, so we can only take it slowly and gradually improve our core competitiveness.