文档介绍：parative Research on Capital Structure of Sino-US Investment Banks
出处: Bank of Qingdao,
作者: LIU Ruibo, ZHAI Yinjia
原文:
Comparative Research on Capital Structure of Sino-US Investment Banks
After more than 20 years of development, China’s investment banks have demonstrated scale economy characteristics tentatively, and the concentration ratio of capital market improves paring the capital structure of China’s investment banks with that of the USA's,we can see that the shareholders’equity-liabilities ratio of our investment banks is much higher than the American investment banks of the same period,which indicates that the capital structure of China’s investment banks is still unreasonable,and their financing ability is still not strong future reform is oriented to increase the financing channels of investment banks in capital and securities market。and to promote their ability in assets management and risk controlling.
1 Capital Accumulation:China’s Investment Banks Have Preliminarily Appeared
After about 20 years development,the quantity of China’s securities firms have increased,and the scale of China’s investment banks have been increasingly extended。.Since 1990,the quantity of China’s
securities firms and their business departments have ascended,while the total capital and retained profits of investment banks have taken on convex trend.
Accordin