BCG波士顿咨询：2025年企业和投资银行报告（英文版）

Private capital and non-bank financial institutions (NBFis)are now central to origination and intermediation Al isbeginning to transform front-to-back workflows from dealsourcing to trade execution Digital assets and token-basedinfrastructure are moving from pilots to institutionaladoption. And geopolitical fragmentation, once viewed as arisk scenario, has become part of the operating baseline.These shifts mark a structural realignment, reshaping whoholds capital, how value is created, and wh