How do private banks operate?

the contents of private banking services are very extensive, including asset management services, insurance services, trust services, tax consultation and planning, estate consultation and planning, and real estate consultation. Each customer has a dedicated wealth management team, including accountants, lawyers, financial management and insurance consultants. Generally speaking, private banks provide customers with one-to-one full-time account managers, and each account manager is supported by an investment team. Through an account manager, customers can manage all kinds of financial assets distributed in money market, capital market, insurance market, fund market, real estate, commodities and private equity.

In order to open private banking services, customers must have at least $1 million in current assets, while generally speaking, the funds deposited by customers are between $2 million and $5 million. Many rich people with tens or even hundreds of millions often need to use more than one private banking service.

private banks in China started in 27. In March 27, Bank of China established private banking departments in Beijing and Shanghai in cooperation with its strategic investor Royal Bank of Scotland. Subsequently, Citibank, BNP Paribas, Deutsche Bank and other foreign banks followed suit and set up private banking business. By the end of 21, 16 domestic banks had opened more than 15 private banking outlets in 22 cities, with more than 2, customers and assets under management exceeding 3 trillion yuan.

On March 28th, 27, the Private Banking Department of Bank of China became the first Chinese bank to set up a private banking department in China. In July 29, China Banking Regulatory Commission issued the Notice on Further Regulating the Investment Management of Personal Financial Services of Commercial Banks, which opened applications for private banking licenses nationwide and allowed the establishment of private banking franchises. China Banking Regulatory Commission has only issued private banking licenses to three banks, and only managed the headquarters of private banks established in Shanghai.

Shanghai Xiejin Education Group, together with the University of C? te d 'Azur, launched the EIPB project, which has a complete curriculum system and practical guide for private banking and wealth management. To help students, they should realize professional abilities such as managing financial assets and improving investment strategies according to the actual needs of their own career development. At the same time, improve service awareness, reduce professional risks, and achieve seamless docking with the financial industry of the world's leading wealth management private banks.