INDUSTRIAL BANK(SH:601166) Di Yi Cai Jing·2025-08-08 07:23Core Viewpoint - The launch of the "High-end Client Children Internship Program" by Industrial Bank has sparked industry attention, requiring clients to deposit a minimum of 10 million yuan and lock the funds for the duration of the internship [1][3]. Group 1: Program Details - The program, aimed at high-net-worth clients, offers internship opportunities at well-known companies such as JPMorgan, Google, and ByteDance, among others [3][4]. - Non-private banking clients must deposit an additional 10 million yuan, while existing clients need to add 5 million yuan to qualify for recommendations, with funds locked until the internship concludes [3][4]. - The program is part of a broader trend where banks provide educational and internship services to high-net-worth clients' children, reflecting the competitive landscape of the banking industry [5][6]. Group 2: Industry Context - The competitive pressure on banks to attract deposits has led to innovative offerings, including educational services and internship opportunities for clients' children [5][7]. - Private banking is viewed as a key area for growth, with significant asset management scale reported by major banks, indicating a shift towards high-value segments [8]. - The practice of linking deposits to internship opportunities is not unique to Industrial Bank, as other banks are also exploring similar strategies to meet client demands [5][6]. Group 3: Compliance and Legal Concerns - The compliance of the "funds must not be transferred during the internship" clause has raised discussions regarding its legality under Chinese banking laws [2][9]. - Legal experts suggest that the arrangement may lead to potential violations of regulations concerning the proper solicitation of deposits [9][11]. - Despite concerns, some industry analysts view the program as a normal business practice that aligns with customer needs and the bank's service philosophy [9][10].