（000001）、中信银行（601998）等私行客户数均超9万户。从新增客户数来看，招商银行、中信银行 上半年新增私行客户分别为1.36万户、0.8万户，处于领先地位。从增速上看，多家股份行私行客户较年 初实现两位数增长，其中浙商银行（601916）增长超15%。 部分城商行私行业务发展也较为亮眼。例如，截至6月末，宁波银行（002142）私行客户为3万户，较年 初增长20.27%。 苏商银行特约研究员薛洪言分析称，从短期来看，高净值客群受经济周期影响有限，私行业务保持稳健 增长；从中长期来看，高净值客户是银行发力财富管理业务的重要抓手，需要银行在战略层面给予重 视。 拉动AUM增长 根据2025年半年报数据，多家银行私行AUM的增速快于整个零售板块AUM的增速，成为驱动银行零售 AUM增长的关键力量。 在2025年半年报中，多家银行披露了私行业务"账本"，不少银行私行客户数、AUM（资产管理规模） 实现两位数增长。从私行业务对银行零售业务的贡献度来看，这颗"皇冠上的明珠"格外璀璨，成为驱动 银行零售AUM增长的关键力量。业内人士认为，在净息差承压的背景下，私行业务具有弱周期、低波 动、高价值等特性，成为银行 ...

Core Insights - The private banking business has shown significant growth in both client numbers and AUM (Assets Under Management), becoming a key driver for retail banking growth amid pressure on net interest margins [1][2][3] Client Growth - Major state-owned banks lead in private banking client numbers, with Agricultural Bank of China having 279,000 clients, followed by China Construction Bank with 265,500, and Bank of China with 216,900 [1] - China Construction Bank added 34,000 private banking clients in the first half of the year, while Postal Savings Bank saw a growth of over 21% in its client base [1][2] - In the joint-stock banks, China Merchants Bank leads with 182,700 clients, followed by Ping An Bank and CITIC Bank, each exceeding 90,000 clients [2] AUM Growth - Private banking AUM growth outpaces overall retail AUM growth, with Agricultural Bank of China reporting AUM of 3.5 trillion yuan, an increase of 11.11% from the beginning of the year [2][3] - Other state-owned banks also reported significant AUM growth, with China Construction Bank at 3.18 trillion yuan, reflecting a 14.39% increase [2][3] Business Strategy and Service Development - Banks are focusing on enhancing client services, with China Construction Bank integrating personal client management and supporting private entrepreneurs [3][4] - CITIC Bank is emphasizing tiered services for ultra-high-net-worth clients, while China Everbright Bank is targeting families, women, and business owners [4] - Future developments in private banking are expected to focus on digitalization, service ecosystem integration, and global investment opportunities [4]