投资银行业务

With the incessant derivatively development of financial tools and modern times communication ,the opertation over seas by the application of computers ,the operations of investment banks are also expand .The merger gradully become the core operation of investment banks.

投资银行不再专门从事证券市场业务而涉足存贷款业务，随着金融工具的不断衍生发展以及现代通讯，计算机应用带来的业务全球化，投资银行的业务也不断向纵深发展，在投资银行的新增业务中，并购业务逐渐成为核心。

Beside the introduction, concerning the background and meaning of selected title, several studying prerequisites and assumptions, the contents and structure, the train of thought and method, domestic and international research overview and document reviewing, etc. this text divides three chapters altogether, its main content is as follows: the inevitability of developing commercial nonproprietary mutual funds, the superiority analysis of this fund, and what is and how to manage the latent difficulties operating this fund, etc.

除前言对选题背景与意义、研究的若干前提与假设、研究的思路与方法、国内外研究概况与文献回顾以及论文的基本结构等内容进行阐述外，本文共分三章，其主要研究涉及：商业银行发展自营投资基金的必然性，商业银行自营投资基金的优势及面临的问题的分析、对商业银行发展自营投资基金业务的建议，等等。

So, this paper starts with the inevitability of commercial nonproprietary mutual funds ? and analyses the superiority of commercial nonproprietary mutual funds. After deeply researches the necessity and possibility with the economies of commercial nonproprietary mutual funds, the paper proposes the countermeasures of the problem.

因此，本文从我国商业银行发展自营投资基金的必然性入手，分析了商业银行发展自营投资基金业务的优势，在对银行自营投资基金理论分析与实证检验的基础上，系统、深入地探讨商业银行发展自营投资基金业务的存在的问题与相应的对策，并有的放矢地提出推动商业银行自营投资基金发展的政策建议。

"The deal was done at the height of the frothy investment banking model, and the company was saddled with $2.2bn worth of debt," Tom Williams, chief financial officer, said.

"收购交易是在投资银行业务的泡沫高峰期进行的，公司背负了22亿美元的债务，"《读者文摘》首席财务官汤姆。威廉姆斯表示。

Before establishing his business in the finance and investment banking, Mr. Xavier Waugh had 15 years' entrepreneurship. He worked as senior executives in the China-based subordinate entities of American and Singapore companies.

王先生在从事金融和投资银行业务之前，在中国有15年的实业创业和工作经验，在新加坡、美国等国家的在华知名企业里历任重要职务。

Arguably, after the merger, profits from Dean Witter provided money for Morgan Stanley's investment-banking businesses.

具有争议的是，在那次购并后，来自Dean Witter的利润一直向摩根斯坦利的投资银行业务注入资金。

The overseas investment banks have inundatory superiority over their capital scale ,the earning of vendition,capability of operation and ability of financial creation ,the enterance of investment overseas will bring grimness challenge to our home investment banks .At the same time,our home investment banks face the pressure of mixed operation greatly .Recently commercial banks and insurance agents turn into the operation of investment banks one afer another ,our home investment banks feel the pressure of mixed work .

假如WTO后，我国承诺向国外金融机构逐步开放资本市场，而国外投资银行无论在资本规模、销售收入、业务能力以及金融创新能力方面都具有压倒性的优势，跨国投资银行的进入将给国内投资银行带来严峻挑战，同时，国内投资银行面临混业经营的压力越来越大，近几年商业银行或者保险公司纷纷进入投资银行业，国内投资银行感到了混业经营带来的压力。

The overseas investment banks have inundatory superiority over their capital scale ,the earning of vendition,capability of operation and ability of financial creation ,the enterance of investment overseas will bring grimness challenge to our home investment banks .At the same time,our home investment banks face the pressure of mixed operation greatly .Recently commercial banks and insurance agents turn into the operation of investment banks one afer another ,our home investment banks feel the pressure of mixed work .

如果WTO后，我国承诺向国外金融机构逐步开放资本市场，而国外投资银行无论在资本规模、销售收入、业务能力以及金融创新能力方面都具有压倒性的优势，跨国投资银行的进入将给海内投资银行带来严峻挑战，同时，海内投资银行面临混业经营的压力越来越大，近几年商业银行或者保险公司纷纷进入投资银行业，海内投资银行感到了混业经营带来的压力。

The company is expanding outside South Africa, where it earns most of its profit, to tap increasing trade incommodities and fees from investment banking.

该公司为了开发投资银行业务中渐增的商品交易量及手续费，正将版图扩展至获利最丰厚的非洲以外

ICICI, an Indian bank, has cut the transaction costs of banking to far below those of its competitors by adding lots of new features to mobile-phone banking and cutting out layers of waste, says the bank's Mr Vaidyanathan.

印度工业信贷投资银行通过增加手机银行业务，去除不必要的业务等新功能，降低银行业务交易费，使之远远低于它的竞争对手。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。