中文摘要：

对当前中美证券公司盈利模式的比较显示，美国投资银行盈利模式具有国际化、多元化和重视增值服务的特点，以及一度过大使用杠杆带来大危机的内部控制与外部监管的漏洞；我国证券公司的盈利模式存在对二级市场行情依赖度过高、国际竞争力较弱的特点，同时我国证券公司所面临的投融资环境也相对较差。我国证券公司盈利模式的发展路径在于，转型途中追求差异化、特色化和国际化，并在创新中健全风险控制机制。

英文摘要：

This paper analyzed the change of the history of American investment bank profit model, and compared with the current American investment bank profit model and Chinese securities companies profit model, revealed that the investment bank profit model internationalization, diversification and pay attention to the characteristics of value - added services, and once using leverage to bring big crisis of internal control and external supervision loopholes In the United States. The development path of profit model of Chinese securities companies should pay attention to the Differentiation, characteristic, internationalization, and the risk control.