The Study Of The Wealth Management Business For Investment Banks

As a kind of financial institute focuses on the security and investmentbusiness, investment banks are very important to the financial market andplay a key role in the modern society.In the wealth management field, investment banks are essential as akey part of the financial market. Asset management is the core of wealthmanagement business, which provides professional and tailor-madefinancial services. Nowadays, the wealth management business hasbecome the core strategic business for the international investment banks.As is mentioned before, the investment banks play key roles in theworld wealth management business. Currently, in order to enhance thewealth management business ability and to create value for clients, theglobal advanced investment banks apply a kind of business model ascollaborative works between wealth management and investmentbanking.Today, wealth management has become more and more important,and the market has become much bigger. The world wealth managementbusiness centers are Switzerland, Hong Kong and the US. After more than thirty years high speed development, China has accumulated a largenumber of wealthy people, therefore the wealth management business inChina is also developing by leaps and bounds.Today, China’s flourishing wealth management business is in a periodof diversification. Meanwhile, the channel resources of the wealthmanagement business have great importance. In the future, as China’seconomic development and the accumulation of social wealth, China hasa huge space for the future development of the wealth management.CICC is China’s leading investment banking company, and it hasspecialized in private banking wealth management business providing afull range of financial services to high net worth clients. With China’srapid economic development, and along with the rapid growth of China’swealth management market size, CICC wealth management business willalso usher in the explosive growth.