Research On Private Banking Business Development In China

Along with China's sustained economic growth for many years, residents of private wealth is growing, the resulting wealth of the richest groups in the demand for management services is also very strong private banking business as a commercial bank for the provision of an affluent society to wealth management for the core high-level specialized financial services, are increasingly showing a huge market growth potential.In this paper describes the development of private banking business process, including the origin of private banking business, the definition of major customers, such as structure and scope of services, and introduced the Western developed countries and regional private banking business and the history of development of the status quo, especially in Switzerland, the United States , Hong Kong, and other business areas. Foreign banks for the various characteristics of private business on the domestic private banking business made a comprehensive analysis of the status quo. In this paper, the domestic private banking business development analysis, the use of a SWOT analysis, pointed out that the domestic commercial banks facing the private banking business opportunities, challenges, strengths, weaknesses, and foreign banks were compared, pointing out that the relevant disadvantage and advantages, the last foreign bank to carry out the experience of private banking business the corresponding recommendations and countermeasures.