Underwriter An intermediary between an issuer of debt securities and the investors.

承销商 债务证券发行人和投资者之间的中介。

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Investment Banks are very different in that a pure investment bank does not accept deposits and it doesn't make loans; it's an underwriter for securities.

投资银行是完全不同的，单纯的投资银行既不吸收存款，也不发放贷款，投行是证券承销商。

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Article 5 When the listed company applies for issuing new shares, the securities company qualified as main underwriter shall act as the recommender and the main underwriter.

第五条上市公司申请发行新股，应当由具有主承销商资格的证券公司担任发行推荐人和主承销商。

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Investment banks are very different in that a pure investment bank does not accept deposits and it doesn't make loans; it's an underwriter for securities.

投资银行是完全不同的,单纯的投资银行既不吸收存款,也不发放贷款,投行是证券承销商

耶鲁公开课 - 金融市场课程节选

Some people at the firm said Mr. Blankfein seemed insufficiently apologetic, focusing too much on Goldman's role as a trading operation and not enough as a trusted underwriter securities sold to clients.

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In 2006, Bear Stearns was the number one underwriter of mortgage-backed securities, with 11% of the US mortgage securities market.

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Previously, robust demand meant underwriters could sell these securities with a premium over the price at which the issuer had sold them to the underwriter.

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