中央银行概论作业.doc

　摩根士丹利原是JP摩根中的投资部门，1933年美国经历了大萧条，国会通过《格拉斯—斯蒂格尔法》(Glass-Steagall Act) ，禁止公司同时提供商业银行与投资银行服务，摩根士丹利于是作为一家投资银行于1935年9月5日在纽约成立，而JP摩根则转为一家纯商业银行。1941年摩根士丹利与纽约证券交易所合作，成为该证交所的合作伙伴。公司在1970年代迅速扩张，雇员从250多人迅速增长到超过1,700人，并开始在全球范围内发展业务。1986年摩根士丹利在纽约证券交易所挂牌交易。进入1990年代，摩根士丹利进一步扩张，于1995年收购了一家资产管理公司，1997年则又兼并了西尔斯公司下设的投资银行迪安·威特公司（Dean Witter），并更名为摩根士丹利迪安·威特公司。2001年公司改回原先的名字摩根士丹利。
1997年的合并使得美国金融界两位最具个性的银行家带到了一起：摩根士丹利的约翰·麦克（John Mack）与迪安·威特的裴熙亮（Philip Purcell），两人的冲突最终以2001年7月约翰·麦克的离职结束，从此之后裴熙亮就一直担任着摩根士丹利主席兼全球首席执行官的职务。在他的带领下摩根士丹利逐渐发展成为全方位的金融服务公司，提供一站式的多种金融产品。
在2001年的911事件中，摩根士丹利丧失了在世界贸易中心中120万平方英尺的办公空间。公司已经在曼哈顿附近新购置了75万平方英尺的办公大楼，目前是摩根士丹利的全球总部。
摩根士丹利总公司下设9个部门，包括：股票研究部、投资银行部、私人财富管理部、外汇／债券部、商品交易部、固定收益研究部、投资管理部、直接投资部和机构股票部。涉足的金融领域包括股票、债券、外汇、基金、期货、投资银行、证券包销、企业金融咨询、机构性企业营销、房地产、私人财富管理、直接投资、机构投资管理等.
摩根士丹利在亚太区有雇员2,000余人，其中有约1,500在大中华区（中国大陆、港澳和台湾）工作，在香港、北京、上海和台北设办事处。1995年8月摩根士丹利与中国建设银行合资组建中国国际金融有限公司，公司目前控股34.3%。摩根士丹利也因此成为首家在中国内地建立合资投资银行的国际金融公司。通过在中国的合资银行，摩根士丹利得以为许多中国公司提供在海外上市的服务，包括中国联通、中石化和中国电信等，筹得的总资金超过100亿美元。

1995年，摩根士丹利成为首家入股中国国内合资投资银行的跨国银行。中国国际金融有限公司（简称中金公司）为摩根士丹利与中国建银投资有限责任公司和几家国内外实体联合组成的合资公司，摩根士丹利是第二大股东，持有公司34.3%的权益
中金公司具有丰富的国内和国际资本市场经验、全面的行业知识、对中国国情的深入理解以及全球支持网络。中金公司重视发展长期客户关系，致力于为客户提供国际水准、高质量的、有独创精神的金融服务，协助客户实现其战略发展目标。总部设于北京并以1.25亿美元作为资本金的中金公司，将于2005年9月庆祝其成立10周年纪念。

十年来，中金公司发展迅速，期间曾参与不少重大发行和赢得无数的国际奖项，协助客户取得成功。中金公司先后于1997年和2000年在香港和上海设立办事处。中金公司为上海证券交易所、深圳证券交易所及香港交易所的会员。

摩根士丹利和中金公司曾共同参与多个大型国企民营化的上市项目，其中包括：
2005年6月，在中国建设银行计划首次公开招股（IPO）之前，引入美国银行作为策略性投资股东
2004年5月，中国电信股份有限公司后续H股/美国预托证发行，筹得资金17.25亿美元
2003年10月，中国人民财产保险股份有限公司IPO并在香港挂牌上市，筹得资金8亿美元
2002年11月，中国电信全球IPO并同步在香港和纽约两地上市，筹得资金15.2亿美元
2001年12月，中国铝业股份有限公司全球IPO并同步在纽约和香港挂牌上市，筹得资金4.86亿美元
2000年10月，中石化全球IPO并分别在纽约、伦敦和香港三地挂牌上市，筹得资金34.6亿美元
2000年6月中国联通股份有限公司全球 IPO并同步在纽约和香港两地上市，筹得资金56.5亿美元
身为中金公司的合作伙伴，摩根士丹利深感荣幸，并将继续致力于建立长期和紧密的伙伴关系，共同促进中国经济的发展，通过服务我们的国内外客户，共同繁荣，共享成功。

该企业在2007年度《财富》全球最大五百家公司排名中名列第六十一。

Morgan Stanley was originally in the investment arm of JP Morgan.In 1933 the United States experienced depressionCongress passed the glass-steagall law,The company also provide banned commercial Banks and investment banking services, Morgan Stanley and as an investment bank in September 5, 1935 in New York city to start, and JP Morgan is converted into a pure commercial bank.In 1941, Morgan Stanley and the New York stock exchange cooperation, become the stock exchange partner. The company in 1970, from 250 employees to expand rapidly DuoRen rapidly growing to more than 1700 people, and start in the global business development. Morgan Stanley in 1986 in New York stock exchange listing for trading. In the 1990 s, Morgan Stanley further expansion, and in 1995 bought a asset management company, in 1997, and the merger of the sears company set up by the investment bank dean witter company, and changed its name to Morgan Stanley dean witter company. In 2001 the company changed back to the original name Morgan Stanley.
1997 years after the merger of the two made the American finance most of individual character bankers brings us together: the John Morgan Stanley dean witter and mike the PeiXiLiang, two people's conflict ended in July 2001 John mike leaving the end, after that has been a PeiXiLiang with Morgan Stanley, chairman and chief executive of the global position.
In the 2001 911 incident, Morgan Stanley lost in the world trade center in 120 of square feet of office company. The company has been in Manhattan, buy a 750000 feet of near the office building, is a global headquarters of Morgan Stanley.
Morgan Stanley Company consists of nine departments, including: Equity Research, Investment Banking, Private Wealth Management, foreign exchange / bond department, commodity trading, Fixed Income Research, Investment Management, Investment and agencies directly Equities. Involved in the financial sector, including stocks, bonds, foreign exchange, funds, futures, investment banking, securities underwriting, corporate finance advisory, institutional corporate marketing, real estate, private wealth management, direct investment, institutional investment management
Morgan Stanley in Asia Pacific with more than 2,000 employees, including about 1,500 in Greater China (China, Hong Kong, Macao and Taiwan) to work in Hong Kong, Beijing, Shanghai and Taipei set up an office. Morgan Stanley in August 1995 a joint venture with China Construction Bank China International Capital Corporation Limited, the company currently holding 34.3%. Morgan Stanley has become the first in China to establish joint venture investment bank's International Finance Corporation. Through a joint venture bank in China, Morgan Stanley to provide for many Chinese companies listed overseas, including China Unicom, Sinopec and China Telecom, the total funds raised over $ 10 billion.
In 1995, Morgan Stanley became the first Chinese domestic joint venture investment Banks shareholder international Banks. China international finance Co., LTD. (cicc) for Morgan Stanley and China's building silver investment Co., LTD and several domestic and foreign entities together, the joint venture company, Morgan Stanley is the second largest shareholder, holding 34.3% of the rights and interests of the company
CICC has a wealth of domestic and international capital markets experience, comprehensive industry knowledge, deep understanding of China's national conditions and the global support network. CICC great importance to developing long-term customer relationships, committed to providing customers with world-class quality, a creative spirit of financial services to help clients achieve their strategic development goals. Headquartered in Beijing and to $ 125 million as the capital of the CICC, September 2005, will celebrate its 10th anniversary.
Years, CICC has developed rapidly during the release and has been involved in many major win numerous international awards, to help customers succeed. CICC has in 1997 and 2000 in Hong Kong and Shanghai offices. CICC for the Shanghai Stock Exchange, Shenzhen Stock Exchange and the Hong Kong members of the exchanges.　　Morgan Stanley and China International Capital Corporation have jointly participated in several large-scale privatization of state-owned enterprises listed on the project, including:
　　June 2005, the China Construction Bank plans an initial public offering (IPO) before the introduction of United States Bank as a strategic investment shareholders
　　May 2004, China Telecom Corporation Limited follow-up H-shares / certificates issued American Depositary Receipts,
　　funds raised $ 1.725 billion in October 2003, China PICC IPO and listed in Hong Kong, raised $ 800 million U.S. dollars
　　November 2002, China Telecom, the global IPO and simultaneously in Hong Kong and New York market, raised $ 1.52 billion U.S. dollars
　　December 2001, the global IPO Aluminum Corporation of China, and simultaneously listed on the New York and Hong Kong, raised $ 486 million U.S. dollars
　　October 2000, the global IPO and Sinopec in New York, London and Hong Kong, the three listed funds raised $ 3.46 billion
　　June 2000, the global IPO of China Unicom Limited and simultaneously in New York and Hong Kong market, raised $ 5.65 billion U.S.
　　as a partner in the CICC, Morgan Stanley, honored, and will continue to work to establish long-term and close partnership and jointly promote China's economic development through services to our domestic and international customers, common prosperity, shared success.

　　The enterprise in the 2007 "Fortune," the world's largest 500 companies ranked sixty.