Financial Services Sector
by Owen Wong

1. Securities
1.1. Retail Brokerage
1.2. Instutional Brokerage
1.3. Asset Management
1.4. Investment Banking
1.4.1. Goldman Sachs/Gaohua
1.4.2. Morgan Stanley/Huaxin
1.4.3. Merrill Lynch/Far East
1.4.4. NOMURA SECURITIES野村
1.4.5. UBS Securities
1.4.6. Credit Suisse Founder
1.4.7. J.P. Morgan First Capital Securities
1.4.8. DB/ZhongDe Securities
1.4.9. CLSA/CF
1.5. Private Equity
1.5.1. Blackstone
1.5.2. Warburg Pincus
1.5.3. Carlyle
1.5.4. TPG
1.5.5. Bain
1.5.6. KKR
1.5.7. Goldman Sachs PIA
1.5.8. Temasek
1.5.9. IDG Capital
1.5.10. SAIF
1.5.11. Sequoia Capita
1.5.12. GGV
2. Banking
2.1. Retail Banking
2.1.1. Rapid But UNEVEN GROUTH
2.1.1.1. Sample Bank,MNC
2.1.1.1.1. HSBC
2.1.1.1.2. CitiBank
2.1.1.1.3. BEA
2.1.1.1.4. Hang Seng
2.1.1.1.5. Standard Chartered
2.1.1.1.6. DBS
2.1.1.1.7. DB
2.1.1.1.8. ANZ
2.1.1.1.9. SG
2.1.1.1.10. NCB
2.1.2. WEAK RETURN