I. CITIC Bank Private Bank is a high-end financial institution or service institution, and it is a financial institution that provides property investment, management and other services for high-net-worth people.

The second is the private bank of CITIC Bank, which provides investment, property management and other services. Through expert consultation, value-added services and market activities, the private bank of CITIC Bank has established a differentiated service platform for customers from both financial and non-financial levels.

Third, the most important services of private banks are asset management, planned investment and providing special services according to customers' needs. For example, setting up overseas companies and family trust funds. It can save customers' tax and financial transaction costs.

4. CITIC Bank Private Bank has customized a series of wealth management systems such as monetary products, bond products, stocks, funds and trust loans for customers. It covers almost all kinds of financial products in China. CITIC Bank has established five clubs for private bank customers: investors' club, health club, future leaders' club, happy life club and travelers' club.

CITIC Bank has a high threshold for private banking. According to the regulations of China Banking Regulatory Commission, the customer standard of private banks in China is more than 6 million yuan, but there are some differences among major banks. Some banks only need 6 million yuan, and some banks will demand more than 6.5438+million yuan.

Private banks are financial institutions that provide asset investment and management for high-net-worth individuals, and are not limited to personal services. Private banking is mainly engaged in asset management and planned investment, providing special services according to customers' needs and saving customers' tax and financial transaction costs, such as establishing overseas companies and family trust funds.

Many people in China and even bankers have different understandings of the concept of private banks, and there are great misunderstandings.

First, private banks are not run by private individuals, but only a business line or banking service category in banks, which has nothing to do with the nature of bank ownership.

Second, private banks are not retail banks. Although private banks formally started from direct contact with rich people, their services can also cover all the financial needs of enterprises owned by natural persons.

Third, private banks are not wealth management, which used to be the core of private banking services. However, with the development of the financial industry and the diversification of customer needs, the proportion of wealth management in private banking business is getting smaller and smaller.