Research On HSBC Wealth Management Business Model

As the improvement of China's economic level,the rise of Internet finance,the expansion of investment scope and the reduction of investment threshold,commercial Banks have been greatly impacted.As the scale of high-net-worth individuals keeps expanding,more and more wealthy groups hope to realize the value preservation and appreciation of personal assets through wealth management.Because our country capital market started late,the wealth management industry is still in its primary stage,related laws and regulations is not perfect,although various financial institutions have carried out the wealth management business,but the development of the domestic wealth management business still cannot meet the diverse needs of customers?The wealth management business is also far less profitable than in the developed world.Based on the relevant theories and current background of wealth management business,this paper discusses the wealth management business model of HSBC in the aspects of products,services and customers.This provides evidence and reference for improving the level of wealth management business of domestic financial institutions,and lays a foundation for the following Suggestions to China's wealth management market.At the same time,according to the present situation of wealth management business in China,this paper analyzes the gap between domestic wealth management business,foreign financial institutions and its causes.By drawing lessons from the successful experience of HSBC's wealth management business,this paper makes an in-depth analysis of the implications for the development of wealth management business.