How much money can open a private bank, and is there a private bank in China

Private Banking]: A highly private service designed specifically for the wealthy. It is necessary to tailor investment and wealth management products according to customer needs, provide a full range of investment and financing services for customers' investment enterprises, and provide education planning, immigration planning, reasonable tax avoidance, and trust plan services for the wealthy, their families, and children.

Misunderstanding]: Many people have different understandings of private banking, and there are big misunderstandings.

1. A private bank is not a privately opened bank;

2. Private banks are not retail banks.

3. Private banking is not wealth management.

Services of the Western Banking Industry]: According to financial assets.

of how much is classified.

1. Public Bank, no restriction on the size of customer assets;

2. VIP bank, customer assets of more than 100,000 US dollars;

3. Private banks, with customer assets of more than 1 million US dollars;

4. Family office, customer assets of more than 30 million US dollars. If the private nature of the bank refers to the Minsheng Bank.

There may still be hope for such a bank with very few state-owned shares;

If a single person has a dominant bank, the law does not prohibit the application for establishment, but the regulatory authorities will certainly not approve it.

There is Citibank in Shanghai.

A private bank specializing in providing services to high-end clients in Chinese mainland.

What people are talking about now is not a "private bank", but a personalized high-end financial service. In foreign countries, private banks generally target investors with investable assets of $500,000 to $5 million, while some internationally renowned private banks, such as JPMorgan Chase.

Clients are required to have at least $5 million in investable assets.

At present, the domestic private banking market is in its infancy. 1 Registered capital.

To meet certain requirements:

National commercial banks: 1 billion yuan.

Urban commercial banks: 100 million yuan.

Rural Commercial Bank 50 million RMB.

2 Approval by the China Banking Regulatory Commission (very difficult!) How many people have to be to become a customer of a private bank? The reporter learned that at present, the thresholds of private banks in Foshan are different.

Individual customers whose financial assets meet the standards of private banking and whose funds are legal can become formal private banking customers. According to a source familiar with the Foshan branch of the Industrial and Commercial Bank of China, the threshold for the bank's private banking is 8 million yuan in assets. Similar to ICBC, ABC.

BOC Private Banking requires customers to have financial assets of more than RMB 8 million equivalent. In the four major state-owned banks.

CCB Foshan Branch's private banking threshold is the highest, and the main target of the service is customers with assets of more than 10 million yuan in the bank. Among commercial banks, the asset threshold for CMB's private banking customers is RMB 10 million. And China Guangfa Bank.

and CITIC Bank's private banking thresholds of 6 million yuan and 3 million yuan respectively.

1. The registered capital must meet certain requirements:

National commercial banks: 1 billion yuan.

Urban commercial banks: 100 million yuan.

Rural Commercial Bank 50 million RMB.

2 Approval by the China Banking Regulatory Commission (very difficult!) ）

Money is a trivial matter, whether you can open it is a big thing, there are so many rich big bosses, everyone knows that banks make money, but there are only a handful of people who can open it.

The landlord will open a bank, which is at least 100 million, and about 20% has to be taken to the ** bank as a reserve.

Not much, 2.5 billion is enough.

Private individuals can open banks.

1. The establishment of a commercial bank shall be subject to the examination and approval of the banking regulatory authority.

2. The establishment of a commercial bank shall meet the following conditions:

1) There is a compliance with this Law and the Company Law of the People's Republic of China.

prescribed bylaws;

2) Have a registered capital that complies with the provisions of this Law.

Minimum; 3) There are chairman (president), general manager and other senior management personnel with professional knowledge and business work experience;

4) Have a sound organizational structure and management system;

5) There are business premises, safety precautions, and other facilities related to the business of Chazeniwa that meet the requirements.

6) The minimum registered capital for the establishment of a commercial bank shall be RMB 1 billion. The minimum registered capital of urban cooperative commercial banks is RMB 100 million, and the minimum registered capital of rural cooperative commercial banks is RMB 50 million. The registered capital should be paid-in capital.

3. If the application for the establishment of a commercial bank meets the requirements after examination, the applicant shall fill in the formal application form and submit the following documents and materials;

1) Draft Bylaws;

2) Qualification certificate of the proposed directors and senior managers;

3) Capital verification certificate issued by the statutory capital verification agency;

4) Register of shareholders and their capital contributions and shares;

5) Credit certificate of shareholders holding more than 5% of the registered capital.

and information about the Void Palace;

6) Business policy and plan;

7) Information on business premises, safety precautions and other facilities related to business;

Extended Information: Restrictions on Commercial Banks:

1. **The business is investment banking.

One of the core businesses is China's Commercial Bank Law.

**Law. Commercial banks are expressly prohibited from engaging in ** business. Article 43 of China's "Commercial Bank Law" stipulates that commercial banks shall not engage in trust investment and business within the territory of the People's Republic of China.

2. Article 6 of China's "** Law" also clearly stipulates that the ** industry and the banking, trust and insurance industries are operated and managed separately; **The company is set up separately from banks, trusts and insurance business institutions. This also fully reflects the basic legal principle of prohibiting mixed business operation in China.

3. China has adopted a differentiated attitude towards commercial banks' entry into the bond market. When making general provisions on the business scope of commercial banks, the Commercial Bank Law clearly affirms that commercial banks may "issue financial bonds", "issue, redeem and underwrite bonds", and "buy and sell bonds".

4. There are only two types of bonds, namely financial bonds and ** bonds, for corporate bonds.

is not involved. This shows that the Commercial Bank Law does not explicitly prohibit commercial banks from issuing and underwriting corporate bonds.

Banks in China are privately owned.

Such as: Minsheng Bank, Huishang Bank, Zheshang Bank.

Because among these three banks, private capital occupies a controlling position, it can be regarded as a private bank.

Yes! It's the non-big four listed banks!

Hello dear. The best private bank is China Merchants Bank. According to the results of the "2022 Global Private Banking and Wealth Management Selection" announced by Euromoney, an international authoritative financial magazine, on its official website:

China Merchants Bank won the overall award of "Best Private Bank Wealth Manager Overall", which is also the 12th time in the history of China Merchants Bank's private banking business to win this heavyweight award. In this private banking service competition in China, China Merchants Bank won the first place in the selection of four full-level customer services of "high-net-worth individuals (1 million to 5 million US dollars, 5 million to 30 million US dollars, 300 trillion US dollars, 100 million US dollars and above)", and also won the first place in "family office", "family governance", "entrepreneur service", "social responsibility", "capital market and advisory", "international customers", "investment management", "philanthropic advice", " Research & Asset Allocation Advice", "Second-Generation Customers", "Technology-Data Management & Security", "Technology-Innovation or Adoption of Emerging Technologies" and other segments! Therefore, China Merchants Bank, a private bank, is doing the best.

Private individuals can open banks. To establish a commercial bank, the following conditions shall be met:

1. Have articles of association in accordance with the provisions of the Company Law of the People's Republic of China;

2. There is a minimum amount of registered capital that meets the regulations;

3. There are directors and senior managers with professional knowledge and business work experience;

4) Have a sound organizational structure and management system;

5. Have a business premises, safety precautions and other facilities related to business that meet the requirements;

In particular, according to the laws and regulations of the state, the minimum registered capital for the establishment of a national commercial bank is RMB 1 billion. The minimum registered capital for the establishment of an urban commercial bank is RMB 100 million, and the minimum registered capital for the establishment of a rural commercial bank is RMB 50 million. The registered capital should be paid-in capital.

The minimum registered capital for the establishment of a national commercial bank is RMB 1 billion. The minimum registered capital for the establishment of a commercial bank in the city is 100 million yuan, and the minimum registered capital for the establishment of a rural commercial bank is 50 million yuan. The registered capital shall be a pure paid-in capital.

The banking regulatory authority may, in accordance with the requirements of prudential supervision, adjust the minimum amount of registered capital, but it shall not be less than the limit specified in the preceding paragraph. Most of the time, the capital requirement is much higher than that! As for the interest rate on deposits and loans, it shall be handled according to the interest rate stipulated by the People's Bank of China!

Extended Material: What documents do I need to set up a bank?

To set up a commercial bank, the applicant shall pay the information:

1. The application shall clearly state the name, location, registered capital, business scope and so on of the commercial bank to be established;

2. Feasibility study report;

3. Draft articles of association;

4. Qualification certificate of the proposed directors and senior managers;

5. Capital verification certificate issued by the statutory capital verification agency;

6. Register of shareholders and their capital contributions and shares;

7. Credit certificate and relevant information of shareholders holding more than 5% of the registered capital;

8. Business policy and plan;

9. Information on business premises, safety precautions and other facilities related to business;

A commercial bank that has been approved for establishment shall be issued a business license by the banking regulatory authority, and shall register with the administrative department for industry and commerce and obtain a business license with the license.

Legal basis: Article 11 of the Commercial Bank Law of the People's Republic of China The establishment of a commercial bank shall be subject to the review and approval of the banking regulatory authority. Without the approval of the banking regulatory authority, no unit or individual may engage in commercial banking business such as taking deposits from the public, and no unit may use the word "bank" in its name.

To open a private banking service, a client must have at least US$1 million in liquid assets, while in general, clients must deposit between US$2 million and US$5 million. Many billionaires with tens or even hundreds of millions of dollars often need to use more than 1 private banking service.

Private banking targets private customers who have wealthy assets or high incomes"Private banks have a high bar of entry, and their customers are not general public customers, but wealthy people in society, or high net worth customers.

The financial assets of private banking customers are generally more than US$1 million, which is much higher than the threshold of VIP wealth management business of foreign banks.

Private banking services often combine a variety of financial services such as trust, investment, banking, tax advisory, etc. The average annual profit margin of this service can reach 35%, which is much higher than that of other financial services.

<> top 10 private banks in China are as follows:

1. China Merchants Bank.

Founded in 1987 in Shekou, Shenzhen, the forefront of China's reform and opening up, China Merchants Bank is the first joint-stock commercial bank in China that is fully owned by corporate legal persons, and the first pilot bank to promote banking reform outside the system.

2. China Construction Bank.

CCB Private Banking is CCB's exclusive brand serving high-net-worth customers with investable assets of more than RMB6 million, and is committed to meeting the all-round needs of customers for personal, family and career development, and providing comprehensive financial solutions with private wealth management, integrated finance and exclusive value-added services as the core.

3. Industrial and Commercial Bank of China.

Industrial and Commercial Bank of China was established on January 1, 1984. On October 28, 2005, the overall restructuring was made into shares. Taking service as the foundation of the bank, we insist on creating value with service, and provide comprehensive financial products and services to more than 7 million corporate customers and more than 600 million customers around the world.

In addition to the above three private banks, the other seven major private banks in China are: Bank of China, Agricultural Bank of China, Ping An Bank, China CITIC Bank, Bank of Communications, Shanghai Pudong Development Bank, and Industrial Bank.

Among these 10 banks, five private banks have total assets under management of more than 1 trillion yuan, namely China Merchants Bank, Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China. The business performance of several other private banks is also very good, and the total assets under management of their private banks are around 500 billion yuan.

The more well-known private banks abroad are:

1. Bank of Singapore.

Bank of Singapore is a wholly-owned subsidiary of OCBC Bank, the second largest bank in Southeast Asia. All customers can enjoy a full range of OCBC Bank's products and services, including personal and commercial banking solutions.

2. Bank of Liechtenstein.

Compared with other listed banks, Bank of Liechtenstein has the advantage of stability which is also its core advantage to attract many customers, and at the same time, it has a high threshold for opening an account and provides one-to-one service to customers, so it has many high-quality customers.

3. Julius Baer.

Julius Baer is a 120-year-old Swiss private bank specializing in private wealth management.