Prospect And Suggestions For The Development Of Chinese Private Banking Industry

Private banking, which can be run in low risks but with high rewards, hasbeen turning into one of the most important parts during the development of themodern banking industry. Along with the increasing of rich man and social wealthin China, Chinese private banking industry is presenting huge growing potentialsbefore internal and external banks. It's urgent and necessary for all the banks tofurther understand how significant to develop private banking industry during ourbanking reform so that they can take active measures to reply to the comingopportunities and challenges.This study discusses the prospect of Chinese private banking industry andsome tactical measures that could be taken. It analyses three aspects of issue --Thefirst, the private banking theory. The second, the opportunities and challenges ofdeveloping private banking in China. The third, the suggestions for developing ourprivate banking industry.