Zhong Guo Ji Jin Bao·2025-08-24 02:39Core Insights - China Merchants Bank (CMB) has announced that its retail AUM (Assets Under Management) has surpassed 16 trillion yuan, becoming the first domestic joint-stock commercial bank to reach this milestone [1][8] - The growth in AUM has accelerated significantly, with the bank achieving the third 5 trillion yuan milestone in just over 3 years, compared to 9 years for the first and 5 years for the second [2][8] AUM Growth Acceleration - CMB's retail AUM reached 14.93 trillion yuan by the end of 2024, with significant growth from 12.12 trillion yuan in 2022 and 13.32 trillion yuan in 2023, indicating a strong upward trend [2][3] - The bank's AUM increased by over 1 trillion yuan in the first seven months of the year, marking a historical high in growth [3] Product Category Breakthroughs - CMB maintains the leading position in the industry for non-monetary public funds and wealth management products, with retail insurance premiums surpassing 1 trillion yuan [4][8] - The bank has developed a comprehensive service system called "TREE Asset Allocation Service System," catering to diverse client needs and enhancing its wealth management capabilities [4] Client Management and Services - CMB serves over 200 million individual clients, focusing on personalized services to meet diverse financial needs, including retirement planning and cross-border investments [5][6] - The bank has upgraded its AI wealth assistant, "AI Xiao Zhao," to enhance customer service efficiency and effectiveness [6] Cross-Border Financial Services - CMB has launched upgraded cross-border investment services, including the "Cross-Border Wealth Management Connect 2.0" and new cross-border payment products, facilitating easier access for clients [6][7] Wealth Management Ecosystem - CMB collaborates with over 160 partners to build a comprehensive wealth management ecosystem, emphasizing cooperation and shared growth [7][8]