Guoxin

 1.7 billion last year, net income, profit 950 million of China's most profitable investment bank Guoxin Securities, the 105 top 144 companies, please go to the east of Shenzhen Overseas Chinese Town.

Guoxin attended not only by high-level, the Shanghai Stock Exchange Vice President Liu Xiangdong, deputy general manager Chen Hong in Shenzhen Stock Exchange also went to the bridge will be even behind.

years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main funding is plotting a new layout
1 5 evening, Shenzhen Overseas Chinese Town mountain road. Mountain chilly, financial weekly newspaper reporter rushed to fight Guoxin Securities 2011 Annual Conference sponsorship core investment banking clients Association. 10 km on the mountain, ending at Interlaken.

signed this luxurious hotel around, rushed from the airport from time to time to flash the number of groups of visitors. full-service investment bank supervision meetings.

as planned, the Sponsor of the day will be held at 6, dinner is late; 7 am golf and sightseeing; 7 and 8 pm on the day, the letter on behalf of the closed-door meeting of 120 insurance.

advantages challenge

2010, the State believed a historic breakthrough in investment banking income: net income of 1.7 billion, profit 950 million yuan, an increase of 117% and 188%.

41 year underwriting of the project, an increase of 86%; fund-raising 46.5 billion, an increase of 90%. In 2009, the letter investment banking net income of less than 10 billion yuan (874 million yuan), 2008, investment banking is a loss.

behind the doubling of income growth is the issue of the 2010 stock market blowout in Mainland China: ten thousand yuan of the facilities, the 349 shares of the company IPO.A 16.8 billion in the IPO underwriting market income, the letter one tenth of the securities.

so red-hot performance, but even the central figure in Guoxin Investment Bank - investment banking division, President Hu Huayong they did not think of. Since early 2010, Hu Who would have thought in 2010, an issue market

2010, the country believed the project sponsor 31 IPO underwriters (including board 3, the GEM 8), additional six (including the United TBEA public underwriting of additional one). Raise funds more than 10 billion of IPO projects reached 10, the highest for the coast of shares (601678.SH), the GEM project for at least the western livestock (3000106.SZ).

behind the results , there are worries. Guoxin frankly, the investment bank is facing three major challenges: the rapid superior opponents - Ping An obvious advantages in terms of GEM, small plates have a tendency to catch up, Thailand Number of joint underwriting jump from the No. 9 to No. 3; Sponsor more stringent risk control, the recent

small give an example. Safe investment banking revenue in 2010 about 20 billion, IPO sponsor 39 projects, which are more than two data Guoxin. Moreover, the safe investment banking net income of 866 million yuan in 2009, the letter backward country, but the growth rate in 2010 (130%) has exceeded the national letter. Particularly on the GEM project sponsors, Ping undertook 18 in 2010, far exceeding the national letter.

Because of this, the letter in the New Year begins, the high-profile clients in organizing a conference sponsor, the intention is self-evident. Should be less than half of repeat customers. If any insurance on behalf of the transfer, the project naturally ran with. Guoxin the perspective of development proposed, strain the market. Among them, the most important thing is to play a dominant market space to achieve penetration on the Main Board of the business.

Guoxin the amount of 60 billion yuan. Among them, Kyushu project was completed in 2010 the characteristics of its projects: fund-raising 1.95 billion yuan, 65 times earnings record the issuance of new shares issued in 2009 SSE a new high since reform, but also set the year 2010 under the agency board distribution network over-subscription times (111 times) record. Safe areas in the main competitors, its 2010 IPO project board crop failure.

Guoxin was another crisis, is sponsoring the project quality risk. Guoxin of Internal checks and balances, adhere to the selection criteria to guard against risks such as first-line concept. Guoxin Investment Bank Supervision Division, Office of Long Tiger, mergers and acquisitions, general manager Fu Xiaonan, General Manager of Beijing Operations Lin Yusong, respectively, after the listing norms for the operation, M & A practice and policy operations refinancing policy, made a special report.

Hu Huayong At this meeting, refining, investment banking and overseas customers letter of the

ugly words ahead. Hu called positive communication and close coordination. Attention to detail, which means Respect for the market selection, which means issuing and listing to the flow, , from 30 times to 60 times have; 2010 listed from market regulation, a week 7-8 at home. Top 5 Standard refers to

HU Ji of: the results of projections, the marginal pricing



Following the welcoming remarks, chairman of Ru, the host read out Huhua Yong Yang Hua, director of the Commission listed as the conference host sent a congratulatory message: Guoxin Securities held his first working meeting sponsor ... ... wanted to increase awareness of a public company, the sponsor diligence ... ... The deputy general manager of the Shenzhen Stock Exchange has served leaders in scholarly broker, soon opening, also quoted a poem.

is a non-count origin, unlike the age thing. Road. Professor Liu recently told me that he next two years and two companies listed. Yale University, the author has made post-doctoral Chen Zhiwu,

2010 years, only there are more than 40 companies listed in Shenzhen, to raise funds more than 50 billion yuan. I think two or three years, the capital market will usher in a merger and reorganization of the climax. Marginal pricing, is that trend defined by the future value. We eventually found that the wealth effect in the capital markets, maximize.

excitement in HU Ji between the words, more than 200 people packed the venue, to concentrate on silence. Some people ran out little deserted. 105 senior executives, and the letter as an intermediary in the country together in Shenzhen Overseas Chinese Town, doing a thesis on the wealth of the times.