Study On Risk Management Of China's Private Banking Business

With the rapid development of China's economic and the appearance of the wealthy stratum, the customer market of private banking is developed in China. Moreover, China's financial industry was overall opened by the end of 2006, and the enterprise income tax law was unified, and the law of property rights was enforced last year, and the trend of financial industry mixed operation was become clarified, witch provided certain conditions for the development of China's private banking business. Now in China, not only more and more commercial bank began develop private banking business, but also more and more people began study private banking business. But, most of studies of private banking concentrated in how to develop private banking business. In fact, as an innovation, there are lots of financial risks in China's private banking business. This paper mainly starts with financial risk management, analyzes status and problems of China's private banking development, refers to the experience of foreign private banking development and risk management, and proposes feasible strategies about how to manage the risk of China's private banking business. This paper's purpose is to promote China's private banking business can be developed better and better.