Chapter 1 Introduction
1.1 What Is Investment Banking?
1.2 Investment Banking Activities
1.3 Investment Banking versus Commercial Banking
1.4 Industry Overview
1.5 The Investment Banker as an Individual
1.6 A Brief History of the Industry
1.7 Scope of This Book
Chapter 2 Financial Securities
2.1 Bonds
2.2 Stocks
2.3 Derivative Securities
2.4 International Securities
2.5 Risks of Bonds and Stocks
Chapter 3 Investment Analysis
3.1 Maeroeeonomie Analysis
3.2 Industry Analysis
3.3 Financial Statements Analysis
3.4 Technical Analysis
3.5 Efficient Market Theory
Chapter 4 Primary Market Making I: Equity Financing
4.1 Public Offerings and Private Placements
4.2 Motivations of Issuers
4.3 The IPO Team
4.4 The Public Offering Process
4.5 Agreements of an IPO
4.6 Risks of an IPO
4.7 Revenues of Underwriters
4.8 The Costs of Going Public
4.9 Aftermarket Trading
4.10 Direct Offerings, Shells, and Equity Takedowns
4.11 International Listings
4.12 China' s Practices
Chapter 5 Primary Market Making lI : Debt Financing
5.1 Government Securities
5.2 Treasury Securities Markets
5.3 Municipal Securities Markets
5.4 Corporate Debt Markets
5.5 Corporate Bonds
5.6 Private Placements
5.7 Foreign Bonds
5.8 Eurobonds
5.9 Treasury Bond Transactions in China
5.10 China' s Enterprise Bonds
Chapter 6 Secondary Market Making
6.1 Dealing versus Brokering
6.2 Dealer Activities in the Financial Markets
6.3 Managing Dealer Risks
6.4 Financing Dealer Inventory
6.5 Brokering Activities in the Financial Markets
6.6 Possible Abuses
Chapter 7 Trading: Speculation and Arbitrage
7.1 Speculation
7.2 Arbitrage Trading
Chapter 8 Mergers and Acquisitions
8.1 Market Overview
8.2 Motivations
8.3 Strategic Planning and Intermediary
8.4 Investment Banking Fees and Agreements
8.5 Valuation and Financing
8.6 Closing and Regulatory Issues
8.7 Takeover Defenses
8.8 Legal Considerations in Buying Public Targets
8.9 Post-Acquisition Integration
Chapter 9 Venture Capital
9.1 Venture Capital Investing
9.2 Market Overview
9.3 Historical Development
9.4 Setting up Venture Capital Operations
9.5 Investing Strategy
9.6 Venture Capital Transactions
9.7 Legal Documentation
9.8 Exit Strategies
Chapter 10 Asset Securitization
10.1 Market Overview
10.2 Benefits and Costs
10.3 Structure and Basic Elements
10.4 Mortgage-Backed Securities
10.5 Asset-Backed Securities
Chapter 11 Money Management
11.1 Money Management Business
11.2 Types of Money Management Operations
11.3 Organization and Operation of a Mutual Fund
11.4 Development and Growth of Mutual Funds
11.5 The Institutional and Retirement Markets
11.6 Hedge Funds
Chapter 12 China' s Market and Future Trends
12.1 China's Market
12.2 Future Trends