Analysis On The Development Of China's Private Banking Business

Private banking refers to the wealth management as the core, which faces high net worth customers to provide top professional package of financial and non-financial services. The private banking business, after hundreds of years from Europe, has become an important part of the development of foreign Banks in the business areas. In recent years, along with steady and rapid economic development in our country, the social wealth accumulated quickly, and carries a number of high net worth clients, who hold a lot of discretionary financial assets and their professional financial demand become strong increasingly. The customer base and the reality of their financial needs make the development of domestic private banking business become possible. Since 2007, Chinese Banks began to layout and develop private banking rapidly. Because the private banking in our country still belongs to the new business, customer orientation, service and mode of management also at a exploration and innovation stage, so it need to continue to improve and optimize in practice.This article which Combined domestic and international private banking business practices with regulatory definitions, summarized the connotation of the private banking business. Through to the private bank's historical development and global private bank comprehensive display of the present situation of the private banking business, this article made a description of the overall on private banking business. After the introduction of the necessity and the foundation of the development of China's private banking business, this article analyzes the status and the problems of China's private banking business in-depth, and finally puts forward the development of private banking in local commercial bank some countermeasures that should be adopted. I hope this article can solve the problem when domestic private banking business encounters the development and management problems in operation, and also provide some useful reference for the development of the domestic private bank.