The Research On The Development Strategy Of Wealth Management Business

Since1970s, the wealth management business has been highly valued bycommercial banks, investment banks, insurance institutions and otherfinancial institutions because of its strong profitability, high customerstability, and outstanding growth. During the international financial crisis,China has become the fastest growing country of personal wealth and hasbecome a global consumption and capital centre form manufacturing centre.Based on the current macroeconomic environment and industry development,it has not only the strong theoretical significance, but also the strong practicalsignificance to research China`s wealth management business. Especiallyaccording to the typical business operation mode of foreign mature market,this paper proposes the development strategies to improve domestic wealthmarket.Based on the relevant literature reviews and relevant theories of thewealth management business, this paper analyzed the connotation andoperating characteristics of the wealth management business, and alsoanalyzed the development background and status, and the existing problemsand shortcomings. Finally, this paper proposed some suggestions toaccelerate the development of domestic wealth management business.