Private bank is a high-end financial service, which provides property investment and management services for the wealthy. The threshold is relatively high, and customers are usually required to hold at least $1 million in liquid assets in the private banking services of large financial institutions. The core of this service lies in asset management and personalized investment planning. It can provide special services for customers, such as the establishment of offshore companies and family trust funds, to reduce tax costs and financial transaction costs. Its average annual profit rate is significantly higher than that of ordinary financial services, reaching more than 15%.

China Merchants Bank's private banking business has a specific threshold, that is, financial assets must reach more than 1 million yuan. In fact, applicants usually need to have more than $1 million in liquid assets, and some wealthy people may need multiple private bank accounts to meet their complex wealth management needs. Rich groups are mainly divided into three categories: first, private entrepreneurs, rich in accumulated wealth and rich in investment experience; Second, high-level enterprises and institutions, with stable income and strict attitude towards financial products; Third, professionals and technicians, taxation and cross-border asset management with high income and complex needs.

generally speaking, private banking services are designed for wealthy people who have a lot of liquid assets, seek personalized wealth management and have high requirements for financial services. As one of the best, China Merchants Bank provides a more comprehensive and high-end service experience.