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By Zhang Fengming |
November 19, 2010, Friday
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Print Edition
Print Edition
CHINA Merchants Bank said its top-end private banking business has risen by 35 percent in three years riding on China's growing crop of millionaires.
The Shenzhen-based bank defines clients with assets more than 10 million yuan (US$1.5 million) as private banking clients.
"Client base and assets under management have kept a strong growth since we forayed into the pyramid-end segment in August 2007," the bank said yesterday.
The bank has opened 19 private banking centers in China to meet the needs of super rich in major cities.
The Shenzhen-based bank defines clients with assets more than 10 million yuan (US$1.5 million) as private banking clients.
"Client base and assets under management have kept a strong growth since we forayed into the pyramid-end segment in August 2007," the bank said yesterday.
The bank has opened 19 private banking centers in China to meet the needs of super rich in major cities.
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