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 Macroeconomic Analysis

　3.2 Industry Analysis

　3.3 Financial Statement 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 II: 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 Private Equity

　10.1 Definitions

　10.2 The Agreement

　10.3 Fund Returns

　10.4 The Term Sheet

　10.5 The Venture Capital Method

　10.6 Leveraged Buy-Out (LBO)

Chapter 11 Asset Securitization

　11.1 Market Overview

　11.2 Benefits and Costs

　11.3 Structure and Basic Elements

　11.4 Mortgage-Backed Securities

　11.5 Asset-Backed Securities

Chapter 12 Money Management

　12.1 Money Management Business

　12.2 Types of Money Management Operations

　12.3 Organization and Operation of a Mutual Fund

　12.4 Development and Growth of Mutual Funds

　12.5 The Institutional and Retirement Markets

　12.6 Hedge Funds

Chapter 13 Price-Setting Mechanisms

　13.1 The Book-Building Approach

　13.2 Auctions

　13.3 The Dark Side of Book-Building

Chapter 14 China's Market and Future Trends

　14.1 China's Financial System

　14.2 China's Securities Market

　14.3 Future Trends

References