Private bank is the abbreviation of private bank. Generally speaking, it refers to the department where banks provide professional services to customers with a certain amount of deposits. It has a high threshold for opening an account, and generally larger banks have private banks. The main services of private banks are asset management, investment planning, providing special services according to customers' needs, and saving tax and financial transaction costs for customers by setting up offshore companies and family trust funds.

Private banks refer to commercial banks or international financial institutions that sign investment and asset management contracts with specific customers on the basis of full communication and consultation, and customers entrust commercial banks to provide comprehensive entrusted investment services on behalf of their customers according to the investment plan, investment scope and investment methods agreed in the contract. The minimum financial assets required by major international banks in different regions and different time periods are also slightly different. For example, the threshold set by Goldman Sachs for private banking customers in Hong Kong and Macao is $6.5438+million, that of HSBC is $3 million, and that of UBS (the world's largest private banking asset) is $2 million for Chinese mainland customer offshore account. Famous bank brands include: UBS Group AG, Citibank and HSBC. Offshore funds, also known as overseas funds, refer to investment funds whose capital comes from abroad and invests in foreign securities markets. Its main function is to avoid the risk of a single domestic market and help customers allocate assets globally.

According to the different registered places and pricing currencies of fund issuing companies, it can be divided into: funds raised by overseas fund companies, funds introduced by investment consulting companies established in China, and funds subscribed by domestic investors. Such funds are registered overseas, especially in some "tax havens", which are issued by domestic fund companies to invest in overseas funds. Family trust fund is also an effective way for private banks to protect customers' wealth. Trust fund is a legal relationship in which the trustor (the trustor) transfers the ownership of his property to the trustee (the bank), so that the trustee can hold and manage the trustor's assets (trust fund) for the benefit of the beneficiary according to the regulations of trust deed. According to the trust agreement, the trustee is the legal owner of the property and must manage the property according to the applicable laws and the terms of the trust agreement. Based on the beneficiary's legal right to own the trust property, and he must be responsible for the trust, only the beneficiary can implement the trust terms.