Private Banking Business Of Commercial Banks In China Development Research

Commercial Bank Private Banking is a series of high-level specialized financial services, including wealth management as the core package. It's provided for the affluent society by the financial institutions and mainly by the commercial banks. Commercial Bank Private Banking covers a wide range of areas relating to banks, securities, insurance, funds, foreign exchange, futures and even household management, planning, education, taxation, investment, real estate, collections, estate planning, legal advisers and other professional fields. As the high-level specialized financial service of the commercial bank, Private Banking originated in the West and has been vigorous development, creating a huge benefit. In China, with the progress of reform and opening up, China has achieved rapid economic development and create a huge social wealth, but also brings a high concentration of personal wealth, there have been many private banking customers, Private Banking in China gradually begins a rapid development. Studying the business of Private Banking, figuring out the meaning and law of its development, thereby promoting the further development of the private banking sector has great significance.In this paper, the combination of theory and practice of research methods not only has the theoretical economic analysis on Private Banking but also have the status of private banking in China and other practical aspects of analysis, it has practical significance. Using the comparative analysis, we can sum up the development of China's national conditions suitable for the countermeasures and suggestions of private banks by Contrast the development of private banking experience abroad. This article first has an overview on the Private Banking business, describing the meaning of the private banking business and its own characteristics, analyzing the development of private banking business sense for the practice of commercial banks. Secondly the article studies the status of private banking at this stage and proposes the factors which restrict the development of China's private banking business. Finally, the article describes the experience of overseas development of private banking and on the basis of these studies it proposes the development of our current and proposes measures for private banks. It has a certain novelty and practical value also has practical significance.