已有7家银行私银客户超10万户

Core Insights - The private banking sector has seen significant growth in the first three quarters of this year, with seven listed banks reporting over 100,000 private banking clients as of September 30, 2023, indicating a rising demand for wealth management services among high-net-worth individuals [2][4][5] Group 1: Growth in Private Banking Clients - Multiple banks reported a client growth rate exceeding 10%, with Minsheng Bank, Beijing Bank, and Nanjing Bank showing increases over 15% [4] - Minsheng Bank had the fastest growth, reaching 73,409 private banking clients, an increase of 18.21% from the end of last year [5] - Beijing Bank reported 20,586 private banking clients, up 17.9%, and an asset under management (AUM) of 224 billion yuan, a 14.39% increase [5][6] Group 2: Market Position of Major Banks - State-owned banks continue to dominate the private banking market, with Agricultural Bank of China leading at 279,000 clients, followed by China Construction Bank and Bank of China [6] - China Merchants Bank and Ping An Bank have also joined the "100,000 club," with Ping An Bank reaching 103,300 clients, marking its first entry into this category [6][7] Group 3: Challenges and Opportunities in Wealth Management - The growth in private banking clients is attributed to the expanding base of high-net-worth individuals and the upgrading of banking services [9] - The Hu Run Wealth Report indicates that the total wealth of China's 6 million affluent families has reached 150 trillion yuan, with ultra-high-net-worth families holding 87 trillion yuan, an increase from 56% to 58% of total wealth [9] - The private banking sector is facing challenges such as economic shifts, declining risk-free returns, and reduced investor confidence, necessitating a transformation in wealth management services [10][11]