Notes on private banks
1. Private banks are not operated by private individuals, but only a business line or a kind of banking service in banks, which has nothing to do with the nature of bank ownership;
2. Private banks are not retail banks. Although, in terms of expression, private banks start from getting along with rich people directly, the business of private banks can also cover up the accounting requirements of this ordinary person who has all the company.
3. Private banks are not wealth management. Wealth management used to be a key part of private banking services, but with the development of the financial industry and the diversification of customer requirements, the proportion of wealth management in private banking business has become smaller and smaller.
Private banks can guarantee consumers' privacy, specificity and professionalism, and allow customers' property to appreciate on the basis of maintaining value. This paper mainly focuses on the relevant knowledge points of CITIC Bank's private banking threshold, and the content is for reference only.