DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/76c47f/research_report_on) has announced the addition of the "Research Report on China's Private Banking, 2011-2012" report to their offering.
Private banking business has a long history of development in foreign countries. In developed countries, the private banking business with large capital capacity, wide range of business and stable operating income is favored by many commercial banks and develops rapidly.
In the past few years, the average profit margin of United States private banking business was over 35%, and the average annual earnings increased by 12%-15%, which were far better than the general retail banking business' profitability. As managing these affluent private clients' funds is lucrative, and the profit is mainly from the stable fee income which won't greatly affected by market fluctuations, the competition of private banking business is increasing. Therefore, many commercial banks are extending their private banking business to the affluent middle-class customers, resulting in a ""civilian"" trend of private banking business.
China's first private bank institution was UBS, opened in Shanghai in 2005. Citi private bank opened subsequently in Shanghai in March 2006. In March 2007, Bank of China firstly started the domestic private banking business. Since then, China Merchants Bank, ICBC China and other local Banks as well as a number of foreign banks such as HSBC, SCB have launched private banking business in the Mainland in succession.
With the opening of China's banking sector for foreign capital, the financial sector competition is increasing. Domestic banks pay more attention to the innovation of financial products and services while innovative their internal mechanisms.
By reading this report, readers can get the following information:
- The current development of Chinese private banking business
- The development of foreign private banks in China
- The development of local banks' private banks
- The development characteristics of private banks in China
- The development trend of Chinese private banking business
The following persons are recommended to purchase this report:
- Private banks
- Investors attention private banking business
- Research institutes attention private banking business
Key Topics Covered:
1 Related Concepts of Private Banking
2 Citibank
3 The Hong Kong and Shanghai Banking Corporation
4 The Bank of East Asia
5 Standard Chartered Bank
6 BNP Paribas
7 Union Bank of Switzerland
8 Societe Generale (China) Limited
9 JPMorgan Chase
10 Deutsche Bank
11 American International Group
12 DBS Bank
13 Industrial and Commercial Bank of China
14 Bank of China
15 China Construction Bank
16 CITIC Bank
17 China Merchants Bank
18 China Bank of communications
19 China Minsheng Bank
For more information visit http://www.researchandmarkets.com/research/76c47f/research_report_on