This book is a practitioner's journal by Xu Zitong, an investment banking professional with over a decade of frontline experience in domestic investment banking. Published by China Machine Press in 2014, it belongs to the "Capital Games" series. The author's perspective comes from inside investment banking: the industry is not just the high salaries, business travel, and wealth stories seen in media coverage; more often it consists of trivial tasks, specific individuals, and an ever-changing set of regulatory rules. The book is divided into three parts: Career, Projects, and Professional Topics. The Career section discusses the ecosystem and business model of the investment banking industry: what investment banks do and how they do it, principles of project bidding and business development, factors affecting execution efficiency, the structure of a prospectus, the internal review and sponsor representative systems, and topics such as the issuance system, registration-based reform, backdoor listings, and the corporate bond and private placement bond markets. The Projects section is an operational record, describing experiences and lessons from restructuring guidance, listing feasibility assessment, review forecasting, handling historical evolution issues, shareholder meeting communication, and preparation of application materials, and reviewing specific cases such as IPOs, absorptions by merger, overseas M&A, listed company restructuring, and corporate bond guarantees. The Professional Topics section focuses on common technical issues: registered capital versus paid-in capital, false capital contributions and differentiated equity treatment, cross-shareholding, limited partnership shareholder qualification and share lock-ups, understanding profit and debt-servicing indicators, accounting treatment of financial leasing and M&A, related parties and related-party transactions, identifying financial fraud, B-share buybacks, and the impact of restructuring rule reforms on issuance and listing. All cases in the book are drawn from the local rules of China's securities market, showing both the complete process of an investment banking project from winning the mandate to document preparation and preserving a practitioner's reflections on institutions and the profession. It can serve as an "insider's record" for understanding Chinese investment banking practice.
投行题材的书通常有两种写法：一种是站在场外的评论，讲行业趋势与财富故事；另一种是站在场内的工作记录，讲项目怎么接、怎么做、怎么过会。这本《投行笔记》属于后者，也因此更适合放在职业入门的位置上。 作者的从业时间恰好覆盖了中国投行从审核制向注册制过渡的十年，书中的“职业篇”不是泛泛而谈的市场观感，而是把竞标现场、内核流程、保荐代表人制度、壳价与借壳成本、公司债与私募债的市场分门别类地摊开来谈。最有价值的是“项目篇”：改制前期要处理什么、历史沿革问题怎么解释、上会前怎样备考、申报材料容易在哪五处失手，都是有具体案例、如实记录、以教训为主的文字，不带事后美化的成分。 “专业篇”可以当作随手查阅的清单。出资不实、交叉持股、股份锁定、关联方认定、融资租赁与反向收购的会计处理，这些题目看上去枯燥，却是投行工作中反复遇到的问题。书的豆瓣评分为6.5，在同这类实务书上属于中上水平。它不教你估值模型，也不承诺读完就能上手写招股书，但它能让你在进入这个行业之前，先知道问题都藏在哪些环节里。
In addition to science and technology and professional publishing, the books in our catalog from China Machine Press also reflect a sustained focus on psychology, computing, management, finance and economics, and social sciences. In psychology, the catalog includes works by C. G. Jung and introductions to analytical psychology, as well as applied topics such as stress and health, and addiction and healing. In computing, it features Structure and Interpretation of Computer Programs (JavaScript Edition). Management and finance titles include Administrative Behavior (4th Edition), The Price of Inequality (Collector's Edition), and This Time Is Different: Eight Centuries of Financial Folly (Commemorative Edition). In the philosophy and history of science, there is The Worldview: The Third Edition. Relevant authors include C. G. Jung, William McGuire, Sonu Shamdasani, and Gabor Maté. Public information is limited; the above summarizes the publisher's profile based solely on the books in our catalog.
