What does an investment bank mainly include?

The main business of investment banks can be divided into three categories:

1. Intermediary business of securities economic activities, that is, traditional channel service business, such as securities issuance and underwriting, securities brokerage, mergers and acquisitions, investment research consulting, financial consulting, etc.;

2. Securities-related investment activities such as proprietary securities investment, private equity, venture capital, etc. after using its own funds or borrowing funds with itself as the main body;

3. Take advantage of its own professional institutions to accept clients' entrustment and help clients make securities-related investments such as asset management.

The essence of investment bank:

Investment bank is a representative financial institution in the direct financial market. In the capital market, they engage in all financial services related to the securities economy such as stocks and bonds, such as securities issuance, underwriting, trading and related financial innovation and development, and provide financial services for both long-term capital surplus and deficit or both investors and financiers.

In essence, the function of investment banks is similar to that of intermediaries, and their main income is to collect service fees.