Four banks to grab food investment banking business ICBC has reached the top 20 brokerages

is about to open the gem is a broker to break through the four banks, such as the best choice of bank siege, 2009-year gem underwriting income of about 4.6 billion yuan since last year, the booming bond market has fountainhead the investment banking market, but surprisingly, in investment banking, the sweetest smile is far from the brokerage, but the investment banking business of the Up-and-comer-　　Bank。 Data show that ICBC last year, investment bank income of 8.028 billion yuan, equivalent to the same period of domestic top 20 securities investment bank revenue combined.　　Even Citic Securities, a leading securities broker, also confessed in its annual report that the securities underwriting business encountered unprecedented squeeze. Four lines of investment banking business by leaps and bounds ICBC "single and renouncing" in the bond underwriting field, the four major banks (ICBC, CCB, Agricultural Bank, Bank of China) The competitive advantage is very obvious, after all, the bank has a wide range of customer resources, strong financial strength, a large number of institutional networks,　　It also has a range of economic advantages that have been developed in a variety of businesses, as well as relationships that have accumulated over the long term. The data showed that ICBC's investment banking revenue of 2008 was 8.028 billion yuan, an increase of $3.523 billion over a year earlier, by 78.2% per cent. ICBC said that the sharp increase in investment banking business is mainly investment and financing advisers, perennial financial advisers and corporate information services, such as business income continued to increase, as well as short-term financing bonds, such as the rapid growth of corporate bond underwriting issues: ICBC 2008 Underwriting Short-term financing coupons 89.6 billion yuan, medium-term paper 63.4 billion yuan, Financial bonds 11.6 billion yuan, sales are ranked first in the industry.　　According to estimates (according to the China Securities Association published data), 8.028 billion yuan is equivalent to the 2008 domestic Top 20 securities investment bank revenue combined. Construction Bank's investment banking business is by leaps and bounds. 2008, the Construction Bank investment banking business realized revenue of 6.61 billion yuan, increased by 4.12 billion yuan last year, an increase of 165%. Among them, the bond underwriting business income is 230 million yuan, the financial consultant business income 4.87 billion yuan, the wealth management business income 1.42 billion yuan. Through the underwriting of bonds, financial products, financial advisers and other diversified products and services to meet the various financial needs of customers, investment banking business in the reporting period for a total of 247.1 billion yuan for customer financing. It is worth mentioning that the 2008 China Construction Bank as the initiator of the "Jianyuan 2008-1" restructured asset securitization project in the National Interbank market successfully issued, the project is our commercial banks in the field of Non-performing asset securitization for the first exploration and practice, through the project,　　Construction Bank one-time quick disposal of non-performing loans 8.452 billion yuan, net distribution income of 2.736 billion yuan. The Agricultural Bank's 2008 consultancy and consultancy fees were 1.573 billion yuan, an increase of 1.177 billion yuan from the previous year and an increase of 297.22%. In addition, in 2008, the Agricultural Bank successfully handled the bridge loan business before the beginning of the IPO, and combined with the development trend of the financial market, launched a new business such as carbon emissions trading; Contracted perennial financial advisor clients 16759, to achieve annual financial advisory income of 1.11 billion yuan, the main underwriting bond financing instruments 30.16 billion yuan, the realization of debt-type financing fees income of 216 million yuan. Bank of China mainly through the Bank International business investment Banking. Through its subsidiaries in mainland China, Hong Kong, the United States, the UK and Singapore, BOC International offers a wide range of investment banking products and services, including equity financing, mergers and acquisitions, financial advisors, securities sales and private wealth management. In 2008, BOC International was a joint global coordinator, a joint Account manager, a joint sponsor and a joint lead handler, successfully completed the public offering of the listed items of people and commercial red chips, and the role of exclusive arrangement, exclusive Account Manager and joint financial advisor, Complete Fushan Energy asset acquisition and rights issue financing project.　　In addition, in the difficult market environment, the new issue of the first-tier market for overseas credit market bonds has nearly stalled, with the participation of BOC International as a joint principal underwriter in the two medium-term paper issued by the European Investment Bank (EIB). In addition to underwriting, this year's fledgling mergers and acquisitions loan is also a breach of the bank's investment banking business. After all, any mergers and acquisitions can not be separated from the capital, and the bank will be able to seize the intent of the acquisition of the weakness, so more in-depth participation in mergers and acquisitions, rather than simply charging spreads income. From this point of view, the acquisition of skilled but cash-strapped traditional investment banks (mainly refers to the investment banking business unit) is undoubtedly behind the starting line. In addition, the international financial tsunami has left the world's leading investment banking business in its infancy, mergers and acquisitions loan business can allow banks to participate in equity investment, but also will give banks a huge profit and imagination space, resulting in the scope of business is limited to financial advisers and investment banks, the investment business to rely on the brokerage era is gone forever,　　The banking business has more independent innovation rights. It is worth mentioning that investment banking business has maintained a high gross profit margin (investment banking business fees are usually about 0.3%), low risk (even if the merger failure will not cause loss) characteristics. 　　Commercial banks in the past are often "powerless" in such businesses. Securities firms have been squeezed to seek to use the gem of the bank in the investment banking competition in the step-by-step press, the broker has a clear sense of crisis. Even the industry leader Citic Securities also admitted in the 2008 Annual report, in the last two years, the third party depository system of brokerage business client funds has been implemented, which makes the clients ' information of the securities companies completely exposed, and the clients ' capital flows into the commercial banks, which further strengthens the commercial banks ' control over the important resources such as customers and funds of the securities companies.　　The bond underwriting business of securities companies encountered an unprecedented squeeze; In addition, the CBRC will allow commercial banks to issue mergers and acquisitions loans, commercial banks in the capital and customer advantages can be fully developed, the merger and reorganization of securities companies and related distribution, trading business will form a competitive pressure. In fact, since the reopening of the IPO door is still not open, the number of equity refinancing is very few, brokerage's investment banking business is indeed "Charybdis”。 Fortunately, is about to open the gem is a brokerage break through the four banks, such as the best choice to surround the bank. At present, the institutional design of the gem is becoming clearer, which will help the development of the gem business of the securities companies and the clarity of earnings expectation.　　Industry insiders expect that the 2009-year gem underwriting income of about 4.6 billion yuan, 2010 will be upgraded to 152 billion yuan. However, because of the small size of gem financing, the income of the single investment banking business is also limited.　　Brokers are more likely to be "to the amount of price." Data show that from 2006 to 2008, the SME board listed 154, in addition to sea shares and sinovel cast steel,　　The remaining 152 enterprises of the total cost of the listing of 2.478 billion yuan, the average down each enterprise to pay 16.3 million yuan, the sponsor agencies to collect underwriting fees and sponsorship fees of 1.785 billion yuan, on average, the sponsor agencies to charge a single fee of 11.74 million yuan. Most analysts expect the cost of the gem to be slightly lower relative to the SME board.　　However, a large securities company sponsor of the securities Daily reporter also expressed a different view, he said: "Whether it is the gem or SME board, Securities and sponsors of the workload is actually the same, so the price can be adjusted space is not big." At present, in the SME investment banking market ingenuity is mainly a number of second-line securities, such as state securities, Ping An securities, GF securities. In the above data, the national Letter of Securities to the total of 21 sponsors underwriting enterprises ranked first, the total sponsorship revenue of 357.83 million yuan, an average of 17.03 million yuan per income, above the industry average of 11.74 million yuan; The number two of Ping an securities total sponsorship 18, total income of 268.59 million yuan　　, the third-GF Securities sponsor Small and medium-sized listed companies to underwrite 13, in addition to sea shares did not count, the remaining 12 total income of 172.61 million yuan. Nanjing Bank "0 loss" financial management landed in Beijing May 16, Nanjing Bank Beijing Branch officially opened.　　Beijing Branch has become the 4th branch of Nanjing Bank after Taizhou branch, Wuxi Branch and Shanghai branch. The establishment of branches in the capital Beijing is an important step for the Nanjing bank to implement the regional layout strategy and advance to the Bohai Rim economic circle.　　At the opening ceremony, the Bank of Nanjing and China Steel Company Limited, China agricultural means of Production Group Corporation and the Beijing Construction Group Limited Liability company signed a Public Credit strategic cooperation Agreement, the credit line is 1.5 billion yuan, 600 million yuan and 500 million yuan respectively. The Bank of Nanjing landed in the Beijing market, in addition to bring its traditional deposit and credit business, but also for the capital of various sectors to provide more investment and financing of the new choice. According to the authoritative agency data, Nanjing Bank since the start of financial management business in 2004, the issue of "four poly" financial products-"poly gold", "enrichment", "Poly Rich" and "gathered" to meet different risk preferences and investment period of investors, product income stability, the expiration of nearly 30 period of about 2.5 billion yuan, 100% achieved the revenue target. Medium-High income level positioning, stabilityHealth First financial management concept, so that it became the only financial products in China without loss and 0 complaints of listed banks.　　In addition, the bank is a member of the outstanding underwriting Group of national debt and policy financial debt, and the first is the only joint-stock commercial bank, which is also the only public tender for issuing subordinated debts outside state-owned commercial banks. Nanjing Bank official said that Beijing is the national political and Cultural Center, Nanjing Bank will set up Beijing branch as an opportunity to actively integrate into the capital development and construction, better for the capital enterprise development and residential life services, in the service of the capital economic construction to shape the quality brand. (Wan Min) Pudong FA Bank, "easy money management Dazzle card" Popular this report recently PU FA Bank Beijing Branch and Melody Restaurant and entertainment Group to launch the "easy money Management Dazzle card", and by the audience's welcome. It is understood that this "dazzle card" is the Kapka bank easy money management as a carrier, target customer base is mainly aimed at 20-35 years old among young fashion consumer, it not only has the financial function of easy financing card, but also can hold dazzle card in the beauty of the Joy Studios enjoy Monday to Thursday Half-price (statutory holidays, Christmas, Except Valentine's Day, from Friday to Sunday, enjoy the benefits of the U.S. membership price. (Canlillan) deep development push personal self-help consumer loan products This newspaper recently, the reporter learned from the Shenzhen Development Bank, the bank launched a time and space-limited personal loan innovation products "E borrowed easily also."　　The product stipulates that, whether the customer is a mortgage or real estate mortgage loans, as long as the bank's "E borrow easily", through online banking and other electronic self-help channels without time and space restrictions on self-help loans and repayment. According to the deep development of the retail loan department in charge of the introduction, "E easy also" scope of application is very wide, whether it is to buy a house mortgage or the existing real estate mortgage consumption or operation, can apply for processing; The Shenzhen Development Bank's mortgage customers to apply for this service more than multiple concessions. (Zhongzhaowen)