What are the thresholds and conditions for private banks in China, and what services can they enjoy?

The threshold and conditions for private banking of Bank of China are: individual customers with financial assets above 8 million RMB. You can enjoy providing top private banking services in the field of personal finance.

Bank of China provides top private banking exclusive services in the field of personal finance for individual customers with financial assets of more than RMB 8 million.

According to customers' individual needs, tailor-made solutions, providing a series of in-depth professional services such as risk management, asset allocation, personalized financing, investment consulting, tax legal consulting, children's education and immigration planning, trust, etc., to help customers realize long-term preservation, appreciation and inheritance of wealth from generation to generation.

Private banks are financial institutions that provide services such as property investment and management (not limited to individuals) for high net worth individuals. Private banking and private banking services are not the same category.

The main services of private banks are asset management, investment planning, providing special services according to customers' needs, and saving tax and financial transaction costs for customers by setting up offshore companies and family trust funds.

Extended data

The Development of Private Banks in China;

Private banks in China started in 2007. In March 2007, Bank of China established private banking departments in Beijing and Shanghai in cooperation with its strategic investor Royal Bank of Scotland.

Subsequently, foreign banks such as Citibank, BNP Paribas and Deutsche Bank followed suit and started private banking business. By the end of 20 10, 16 domestic banks had opened more than 150 private banking outlets in 22 cities, with more than 20,000 customers and assets under management exceeding 3 trillion yuan.

On March 28th, 2007, the Private Banking Department of Bank of China became the first Chinese bank to set up a private banking department in China. In July 2009, China Banking Regulatory Commission issued the Notice on Further Regulating the Investment Management of Personal Financial Services of Commercial Banks, which opened the application for private banking licenses nationwide and allowed the establishment of private banking franchises.

China Banking Regulatory Commission only issued private banking licenses to three banks, and only managed the headquarters of private banks established in Shanghai.

Bank of China-Private Banking Services

Baidu encyclopedia-private bank