Typical businesses: issuance and underwriting of stocks and bonds (primary market), trading brokers after issuance (secondary market), financial consultants and financing arrangements for enterprise restructuring, mergers and acquisitions, project financing, asset securitization, issuance of hedging instruments and derivatives and other innovative financial services.

Investment Banks are a kind of financial institutions corresponding to commercial banks. They are non-bank financial institutions mainly engaged in securities issuance, underwriting, trading, enterprise restructuring, merger and acquisition, investment analysis, venture capital and project financing, and are the main financial intermediaries in the capital market. Extended information

Investment bank is the title of the United States and continental Europe, which is called merchant bank in Britain and securities company in Japan. The organizational forms of investment banks mainly include:

First, independent professional investment banks, which are many institutions all over the world, and they have their own business directions, such as Goldman Sachs and Morgan Stanley in the United States;

Second, investment banks owned by commercial banks, which mainly involve commercial banks engaging in investment banking business through mergers and acquisitions of other investment banks, equity participation or establishment of subsidiaries. This form is very typical in Britain and Germany, such as HSBC Group and UBS Group AG;

Third, all-round banks directly engage in investment banking, which mainly appears in Europe. Banks engage in commercial banking as well as investment banking. Investment banks mainly have investment business.

Reference: Baidu Encyclopedia-Investment Bank