Feng Huang Wang·2025-09-03 06:30Core Viewpoint - The growth rate of private banking clients among major state-owned banks has outpaced the market, with a total of 864,000 clients reported by four major banks in the first half of 2025, reflecting an increase of approximately 83,400 clients and a growth rate of 11% [1][4]. Group 1: Client Growth Data - Agricultural Bank of China reported 279,000 private banking clients with a managed asset scale of 3.5 trillion yuan as of June 2025 [3]. - Bank of China disclosed 216,900 private banking clients and a financial asset scale of 3.4 trillion yuan, with 205 private banking centers established domestically [3]. - China Construction Bank reported 265,500 private banking clients with financial assets amounting to 3.18 trillion yuan [3]. - Bank of Communications achieved a milestone with 102,600 private banking clients, marking the first time it surpassed the 100,000 client threshold, and managed assets of approximately 1.39 trillion yuan [4]. Group 2: Comparative Analysis - In 2024, the private banking client numbers for Agricultural Bank, China Construction Bank, and Bank of China were 256,000, 231,500, and 198,900 respectively, all exceeding the 100,000 mark, while Bank of Communications had 94,200 clients [6]. - The increase in private banking clients for the first half of 2025 was highest for China Construction Bank, with an addition of 34,000 clients, followed by Agricultural Bank with 23,000, Bank of China with 18,000, and Bank of Communications with 8,400 [6]. Group 3: Other Banks' Developments - Industrial and Commercial Bank of China did not disclose specific private banking client data in its latest report but emphasized its focus on serving entrepreneurs and scientists, indicating a strategic shift in client targeting [5]. - Postal Savings Bank of China reported a significant increase in its high-net-worth client base, with 41,400 clients having assets over 6 million yuan, reflecting a growth of 21.28% [7].