Advantages of ICBC's private bank

ICBC Private Bank is committed to providing you with personalized and customized financial services. The service covers six major financial services, namely "rich wealth management product system, high-quality selected services, global overseas services, exclusive account services, family fortune heritage services and financial services provided by integrating Group resources" and six value-added services, "Enjoy health, privately enjoy wealth and wisdom, inherit wisdom, enjoy travel and enjoy artistic life".

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.

Private banks refer to commercial banks or international financial institutions that sign investment and asset management contracts with specific customers on the basis of full communication and consultation, and customers entrust commercial banks to provide comprehensive entrusted investment services on behalf of their customers according to the investment plan, investment scope and investment methods agreed in the contract.

Type:

Offshore funds:

Offshore Fund, also known as overseas fund, refers to an investment fund whose fund capital comes from abroad and invests in foreign securities markets. Its main function is to avoid the risk of a single domestic market and help customers allocate assets globally. According to the different registered places of fund issuing companies and different pricing currencies, it can be divided into: funds issued and raised by overseas fund companies, introduced by investment consulting companies established in China, and subscribed by domestic investors. Such funds are registered overseas, especially in some "tax havens", which are issued by domestic fund companies to invest in overseas funds.

Global wealth protection:

Global wealth protection, setting up offshore private companies in overseas tax-free countries and regions is one of the important schemes, which is helpful for tax and estate planning. Its main function is to hold foreign currency deposits, securities investment, gold, real estate, land and other assets. If it is combined with family trust funds established overseas, the protection effect will be better.

Family Trust Fund:

Family trust is also an effective way for private banks to protect customers' wealth. Trust fund is a legal relationship in which the trustor (the trustor) transfers the ownership of his property to the trustee (the bank), so that the trustee can hold and manage the trustor's assets (trust fund) for the benefit of the beneficiary according to the regulations of trust deed. According to the trust agreement, the trustee is the legal owner of the property and must manage the property according to the applicable laws and the terms of the trust agreement. Based on the beneficiary's legal right to own the trust property, and he must be responsible for the trust, only the beneficiary can implement the trust terms.