Asia’s private banking AUM has crossed the US$4 trillion mark, according to Asian Private Banker‘s 2025 League Tables. With J.P. Morgan Private Bank entering the top three for the first time and Nomura International Wealth Management (IWM) making its debut in the tables, the 2025 rankings saw widespread movements. J.P. Morgan Private Bank led this growth with a 41% increase […]

The post Asia 2025 AUM League Tables: Assets cross US$4tn, JPM enters top three, Nomura debuts appeared first on Asian Private Banker.

Asian Private Banker successfully hosted the China Wealth Awards 2025 gala dinner in Shanghai on Thursday, gathering the brightest minds in China’s private banking and wealth management industry. Against a glittering backdrop, the event brought together about 140 industry leaders and offered high-level networking, insightful discussion, and formal recognition of industry-leading excellence. Beyond celebrating individual and institutional success, the gala […]

The post APB’s 8th China Wealth Awards brings together industry leaders in Shanghai appeared first on Asian Private Banker.

This is a sponsored advertorial from CMB International. Riding the wave of the times, ushering in a new chapter of wealth management On 17 November 2025, CMB International’s new Private Wealth Management Centre grandly opened in Central, Hong Kong.  As a wholly-owned subsidiary of China Merchants Bank, CMB International leverages the strong financial backing and outstanding social reputation of its […]

The post CMB International Wealth Management – ​​Professional competence creates global opportunities appeared first on Asian Private Banker.

From 2020 to 2024, Asia’s private banks expanded their total Asia ex-China onshore AUM by 32%, increasing from US$2,346 billion to US$3,093.5 billion over the five years. The fastest growth in industry AUM occurred in 2023, when AUM across private banks grew 24.6%, following a year when AUM contracted by 6.2% in 2022. Out of the 23 private banks included […]

The post Which private banks are leading AUM growth in Asia? We reveal appeared first on Asian Private Banker.

Asian Private Banker held its China Wealth Awards 2024 gala dinner on Tuesday in Shanghai to great success, bringing together the brightest minds in the onshore market’s private banking and wealth management industry. On the evening, 50 awards were handed out to the country’s leading banks, wealth managers, and securities houses, in recognition of the leaps and bounds the sector […]

The post Dressed to impress: The best photos from APB’s China Wealth Awards ceremony appeared first on Asian Private Banker.

Asian Private Banker held the China Wealth Awards 2024 gala dinner last night in Shanghai to great success, bringing together the brightest minds in private banking and wealth management. The glittering event was marked by a vibrant atmosphere, with industry leaders and innovators celebrating the achievements of the top performers in China’s flourishing wealth management landscape. Attendees enjoyed an evening […]

The post APB hosts gala dinner for 7th China Wealth Awards in Shanghai appeared first on Asian Private Banker.

A Chinese securities house has launched a wealth management business and hired an ex-Credit Suisse Securities executive to lead the new venture. In late June, Gaohua Securities (Gaohua) announced to Chinese media that it is launching a wealth management business. Wang Jing, the former CEO of Credit Suisse Securities (China) Limited (CSSCL), has been appointed to lead the new venture. […]

The post Ex-Credit Suisse veteran joins Chinese securities house to launch wealth management business appeared first on Asian Private Banker.

Asian Private Banker celebrated the leading lights of China’s wealth management industry with a gala dinner in Shanghai attended by close to 100 of the industry’s senior figures. Held on the 93rd floor of the glitzy Park Hyatt hotel towering over the city’s Pudong district, the 6th annual China Wealth Awards marked the first time the ceremony had been held […]

The post APB celebrates 6th China Wealth Awards with Shanghai gala dinner appeared first on Asian Private Banker.

China’s top private banks raked in trillions in net new assets with up to double-digit percentage increases in new clients in 2023, despite the protracted economic woes dogging Asia’s largest economy. While good news for Chinese bankers, the country’s largest banks are still faced with the difficult reality of slumping revenues. Industrial and Commercial Bank of China (ICBC), the world’s […]

The post China’s top private banks quietly raked in trillions of assets in 2023 appeared first on Asian Private Banker.

This is a sponsored article from China Merchants Bank Private Banking. On the evening of 25 August 2023, China Merchants Bank Private Banking unveiled its semi-annual performance report for 2023, showcasing a steady growth trajectory. As of the end of the first half of the year, the number of clients at China Merchants Bank Private Banking exceeded 140,000, a 6.21% […]

The post China Merchants Bank Private Banking: Establishing a personal, family, corporate, and community service advantage 招商银行私人银行：建立“人家企社”的服务优势 appeared first on Asian Private Banker.

The woman who heads China Merchants Bank’s (CMB) private banking unit has indicated that deeper reforms are needed to align the lender’s offerings with its clients’ needs, such as more strongly embracing a one-bank model. The statement of intent from Wang Yanrong comes just months after CMB revamped its wealth management platform to embrace a leaner setup in early 2021. […]

The post CMB private banking chief says lender must embrace one-bank model to lure clients appeared first on Asian Private Banker.

Asian Private Banker’s latest China 2020 Private Banking AUM league tables show that mainland China’s top 20 private banks expanded their combined AUM to RMB 15.6 trillion (US$2.42trillion) in 2020, an increase of 22% YoY and the largest annual percentage jump since 2015. In terms of bank types, joint-stock banks posted the largest increase in average AUM, followed by city commercial […]

The post China joint-stock banks record strongest gain in average AUM in 2020 appeared first on Asian Private Banker.

The Singapore branch of China Merchants Bank has selected Appway to improve its compliance efficiency. The Singapore team of the workflow orchestration fintech will deliver three of its wealth management solutions: Onboarding for Wealth; Regulatory Review for Wealth; and Appway’s Digital Binder solution for front-to-back office document handling. These solutions will be deployed across CMB Singapore’s corporate banking, financial institution […]

The post CMB Singapore adopts Appway CLM solutions to ease compliance burden appeared first on Asian Private Banker.

In a first for a Chinese wealth manager roping in a foreign strategic partner, J.P. Morgan Asset Management, the asset management unit of J.P. Morgan Chase & Co., said it will buy a 10% stake in CMB Wealth Management Co., Ltd. for about RMB 2.67 billion (US$410 million USD), subject to regulatory approval. The deal between JPMAM and CMB will […]

The post JPMAM takes minority stake in CMB’s wealth management unit appeared first on Asian Private Banker.

China Merchants Bank has streamlined its retail and wealth management businesses to create a leaner WM platform. It has also named a new general manager to lead the private banking business. According to a report by Caijing (link in Chinese), the Chinese bank will merge its wealth management department and a large part of its retail finance business into a […]

The post CMB reshuffles retail and WM structure, hires new GM to head PB business appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: From a portfolio perspective, how important will (a) Chinese assets and (b) alternative investments be for delivering clients’ objectives […]

The post Final Word 2020: Views on Chinese assets and alternative investments appeared first on Asian Private Banker.

The Shanghai subsidiary of Value Partners Group has obtained a licence to offer investment advisory services in China, the financial firm announced today. The licence, issued by the Asset Management Association of China (AMAC), enables Value Partners Shanghai to provide onshore investment advisory services for private asset management products to eligible third-party institutions. Yu Xiaobo, Value Partners’ investment director and […]

The post Value Partners qualifies for investment advisory services in China appeared first on Asian Private Banker.

The former head of China Merchants Bank Private Banking has resigned. Wang Jing, who was until recently general manager for CMB Private Banking, has tendered her resignation. A spokesperson from CMB confirmed Wang’s imminent departure. While it is widely accepted that she will soon join a global bank, details regarding her exact position, join date, and destination are unconfirmed at […]

The post China Merchants Bank loses PB head appeared first on Asian Private Banker.

China onshore’s private wealth market is expected to reach new heights by the end of 2019 amid shifting investment appetite and demographics, a report from Bain & Company and China Merchants Bank (CMB) has revealed. While growth has recently slowed — CAGR for 2014-16 and 2016-18 dipped from 21% to 7% respectively — Bain and CMB anticipate that investable assets […]

The post China private wealth market to reach RMB 200T by year-end: Bain & CMB appeared first on Asian Private Banker.

‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. In this final instalment, Asian Private Banker asks: What emerging technology applications do you expect to reach an inflection point in their convergence with private banking and wealth management? […]

The post Final Word 2018: CEOs on designing the future of private banking appeared first on Asian Private Banker.

‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: Ten years on from the GFC, how has your product shelf evolved and how have clients’ perceptions of structured products changed? Steven […]

The post Final Word 2018: CEOs discuss how their product shelves and investor behaviour have evolved since the GFC appeared first on Asian Private Banker.

‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: In the midst of what has been construed as an increasingly difficult macroeconomic environment, how do you think the private banking and […]

The post Final Word 2018: CEOs share their thoughts on who will best withstand the difficult macroeconomic environment appeared first on Asian Private Banker.

‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: How important is it for your business to make substantial inroads in China to ensure sustainability and growth over the next decade? […]

The post Final Word 2018: CEOs speak out on their China onshore strategies appeared first on Asian Private Banker.

‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: What is the state of Asia’s talent pool and did your firm pay significantly higher for new talent? What is your view […]

The post Final Word 2018: CEOs chime in on the state of Asia’s PB talent pool appeared first on Asian Private Banker.

China Merchants Bank (CMB), China’s second-largest issuer of bank wealth management products (WMPs), is aiming to excise some RMB 800 billion of assets under management from the business, according to Wang Liang, the board secretary and executive vice president in charge of the bank’s transition plan, to cope with regulators’ new rules for asset management. The excision will represent 35% […]

The post CMB to excise RMB 800bn of WMP AUM in drastic surgery to meet new regulatory rules appeared first on Asian Private Banker.

Chinese regulators’ new rules requiring banks to convert their shadow loans-based wealth management product (WMP) inventory into one with mark-to-market assets and reportable net asset values are putting banks’ investment management capabilities in the spotlight. To convert product inventory, banks need to break the guarantees they promised customers and deliver products with fluctuating net asset value. These are to be housed […]

The post China’s WMP reforms put banks’ investment advisory skills in the spotlight appeared first on Asian Private Banker.

The bank that has vowed to turn itself into a fintech company is cautioning that the application of artificial intelligence (AI) cannot displace human bonds. Instead of relying on robotic solutions as a silver bullet that will serve as the answer to all, China Merchants Bank suggests that the banking industry should sharpen its focus on making efficiency gains when investing […]

The post CMB PB: AI cannot displace the human bond appeared first on Asian Private Banker.

Assets under management (AUM) at China’s largest private banks continue to grow at a double-digit rate, carried by Chinese HNW clients’ robust asset generation. However, the industry’s growth in 2017 was visibly moderated compared to previous years, as Chinese regulators stepped up regulatory tightening on banks’ wealth management activities in the second half of last year, including a ban on […]

The post AUM growth slows for China’s biggest private banks appeared first on Asian Private Banker.

Assets under management (AUM) figures at China’s largest private banks are still growing at double-digit clips, according to the latest results published by mainland banks in the latest earnings season. However, the industry’s 2017 growth rates have visibly moderated compared to the headier boom days it saw in 2016, as Chinese regulators stepped up regulatory tightening on banks’ wealth management […]

The post AUMs at China’s biggest PBs still growing at double-digit clips appeared first on Asian Private Banker.

China Merchants Bank (CMB) has upped the ante in the Chinese banking industry’s current push into fintech, responding to similar moves made by peers that have set ambitious digital transformation programmes for the coming years. CMB’s board has approved an upgrade in the bank’s annual tech-related investment budget to 1% of operating income, from 1% of net profit previously, according […]

The post CMB “set to become a fintech company” appeared first on Asian Private Banker.

China Merchants Bank, the Chinese banking industry’s second-largest issuer of wealth management products (WMP) by product balance, is setting up an asset management subsidiary which will take over all risks and responsibilities for the bank’s RMB 2.17 trillion worth of outstanding WMPs. A quarter of CMB’s WMPs are due to be outlawed under a regulatory ban on guaranteed products next year. […]

The post CMB sets up asset management subsidiary to ring-fence WMP risks appeared first on Asian Private Banker.

China’s Top 10 domestic private banking institutions collectively managed RMB 7.5 trillion (US$1.1 trillion) in client assets at the end of 2016, after growing their combined AUM by 21.9% YoY, according to exclusive data from Asian Private Banker. Over the next two weeks, Asian Private Banker will feature exclusive insights into China’s private banking and wealth management scene, headlined by […]

The post China’s Top 10 private banks grow AUM by 21.9% to RMB 7.5 trillion in 2016 appeared first on Asian Private Banker.

Chinese lenders managed to deepen their relationships with private banking clients in the first half of 2017, with a number of banks reporting that assets under management (AUM) growth outpaced new client acquisitions. Agricultural Bank of China (ABC), for instance, reported a 13.9% increase in AUM in the first half of 2017 to RMB 924.3 billion, while its client base […]

The post Chinese lenders deepen relationships with private banking clients in first half appeared first on Asian Private Banker.

China’s ‘big four’ banks said in their interim reports today that their private banking businesses achieved strong growth in both assets under management (AUM) and client numbers in the first half. Industrial and Commercial Bank of China (ICBC) reported that its private banking client base grew by 10% in the first six months of the year to 77,200, while AUM swelled […]

The post China’s ‘big four’ banks report strong private banking growth in first half appeared first on Asian Private Banker.

China Merchants Bank notched up another milestone today with the launch of its private wealth management centre in Hong Kong. The centre is part of CMB’s Hong Kong branch – which has been active for 15 years and currently has around 18,000 mass affluent or above clients – and marks the second major offshore opening for the Chinese lender this […]

The post CMB steps up offshore HNW play with HK private wealth management centre appeared first on Asian Private Banker.

China Merchants Bank’s (CMB) private banking business grew assets under management (AUM) by 8.1% in the six months through June to RMB 1.79 trillion, the bank’s interim report shows. The largest private bank in China by AUM, as at the end of last year, grew its client base to 63,985 from 59,560 at the end of December 2016 – an […]

The post CMB’s private banking business grows AUM by 8% in first half appeared first on Asian Private Banker.

China’s embryonic private banking industry lacks a diversity of products and services, Huang Runzhong, secretary-general of the China Banking Association, said at an annual meeting of the association’s private banking committee last Friday. Huang said the lack of differentiation is “significant”. According to Chinese media, a report distributed at the meeting said that to compete, private banks in the country rely […]

The post Chinese private banks lack differentiation, says China Banking Association appeared first on Asian Private Banker.

China CITIC Bank will keep its private banking operations under its retail bank until the HNW business matures and is able to acquire clients independently, a senior manager of the private banking unit tells Asian Private Banker on condition of anonymity. While separating the two divisions would allow for a higher level of operational flexibility, the development of a stronger […]

The post CITIC’s private banking operations to remain under retail division for now appeared first on Asian Private Banker.

China Merchants Bank’s (CMB) new private banking unit in Singapore plans to be fully staffed and have sufficient scale in three years, which means it is actively looking for acquisitions and partnerships, according to CMB’s general manager for private banking, Wang Jing. When asked if the branch has an inorganic growth strategy, Wang tells Asian Private Banker that “we do […]

The post CMB’s private banking unit in Singapore seeks acquisitions, partnerships appeared first on Asian Private Banker.

China’s high net worth (HNW) population rocketed to 1.6 million at the end of 2016, an almost ninefold increase from a decade before, while HNWIs’ investable assets reached CNY 49 trillion, according to a report by China Merchants Bank (CMB) and Bain & Company. According to the report, HNWIs’ investable assets will reach CNY 58 trillion this year. Nearly half […]

The post China’s HNW population reaches nearly 1.6 million: report appeared first on Asian Private Banker.

After realising that the independent private banking model used by many global private banks does not yet work in the country, major Chinese financial institutions have been folding their private banking units into their retail divisions, according to a report by research firm PY Standard. However, the report adds that a separation of divisions is expected in the future, as […]

The post Chinese banks folding their private banking arms into retail divisions, but reversal of this trend is likely, says report appeared first on Asian Private Banker.

China Merchants Bank’s general manager for private banking, Wang Jing, has told Asian Private Banker that the lender’s new private banking branch in Singapore is a direct response to client demand for international diversification, and that the city’s close proximity to China makes Singapore a natural next step in the bank’s offshore strategy. “Singapore is an important anchor in terms […]

The post CMB PB’s Wang Jing says client demand is driving bank’s offshore expansion appeared first on Asian Private Banker.

We asked the Asian Private Banker community which bank will make their inaugural appearance on our annual AUM & RM League Tables. We were inundated with responses – some more considered than others – but one dominant perspective was that a Chinese private bank will debut this year.  Most popular guesses for new comers Source: Asian Private Banker China Merchants […]

The post We asked you which bank will make its debut on our AUM League Table. Here’s what you said. appeared first on Asian Private Banker.

China Merchant Bank’s private banking arm, the country’s largest wealth manager by assets under management (AUM), recorded a hefty 32.54% YoY increase in AUM in 2016, pushing it well beyond the RMB 1.5 trillion threshold and bringing it within striking range of Swiss giant, UBS Wealth Management in APAC. At the end of 2016, CMB Private Banking’s total AUM reached RMB 1,659.5 billion, […]

The post CMB Private Banking’s AUM jumps 32.5% appeared first on Asian Private Banker.

If 2016 is shaping up to be an annus horribilis for Asia’s private banks, for many the under-penetrated Chinese (U)HNW space provides a glimmer of hope – however faint – for an industry beset by anaemic revenue flows and mounting cost/income (C/I) ratios. The figures speak for themselves. China is now home to over 1 million HNWIs and millionaires are […]

The post Foreign private banks may struggle to channel China asset flows appeared first on Asian Private Banker.

China Merchants Bank (CMB) Private Banking has posted a 10% year-to-date increase in assets under management (AUM), according to the bank’s interim earnings report. Private banking AUM reached RMB1,423.7 billion (US$214.2 billion) as of the end of Q2. This marks an increase of around RMB24 billion (US$3.6 billion) since Q1, based on information provided to Asian Private Banker by general […]

The post CMB Private Banking’s AUM nearing RMB1.5 trillion appeared first on Asian Private Banker.

It is already widely known that assets under management (AUM) growth for Asia’s top 20 private banks ground to standstill in 2015, as revealed by Asian Private Banker’s annual AUM League Table published in April this year; but this trend is also pervasive at the global level, with the world’s top 25 banks recording an average year-on-year (YOY) drop of […]

The post Global AUM slip, but Asia’s PBs increase their share – marginally appeared first on Asian Private Banker.

China’s still embryonic private banking industry has been in the pink of late, even as the wider national economy loses its steam. So much so that industry watchers are beginning to ask whether the scale many of these onshore institutions have achieved will, in time, translate into offshore dominance – if and when Chinese authorities decide to liberalise capital accounts. […]

The post Enter the Dragon: Are Chinese private banks poised for offshore dominance? appeared first on Asian Private Banker.

The digitalisation dialogue is well underway on the Chinese Mainland, with private banks dedicating chunky budgets to ambitious blueprints. However, industry experts are less convinced that Chinese private banks are where they need to be. Describing the market as fragmented and straddled, with a number of players operating two different systems, those in the know tell Asian Private Banker that […]

The post One bank, two systems: the fragmented tech space in China appeared first on Asian Private Banker.

China Merchants Bank Private Banking is today China’s largest private bank by client assets, having achieved phenomenal growth since its doors first opened in 2007. Asian Private Banker speaks with its general manager, Wang Jing, who has overseen CMB’s transformation into a private banking major. As of Chinese New Year, 2016, CMB Private Banking had RMB1.3 trillion (US$197.4 billion) in […]

The post Straight Talk: Wang Jing, general manager, China Merchants Bank Private Banking appeared first on Asian Private Banker.

Wing Lung Private Banking registers stellar growth across bottom line figures, including a 48% year-on-year increase in revenue, as of the second quarter, and is eyeing new opportunities through a possible launch of a discretionary offering. The Chinese wealth house also grew its AUMs and profits before tax by 14% and 44%, respectively, in the same period. Similar to the […]

The post Wing Lung grows private banking revenue 48% YoY, eyes discretionary launch appeared first on Asian Private Banker.

Wing Lung Private Banking has posted stellar growth in the second quarter, including a 48% year-on-year increase in revenue, as of the second quarter, and is eyeing new opportunities through a possible launch of a discretionary offering. The Chinese wealth house also grew its AUM and profits before tax by 14% and 44%, respectively in the same period. Similar to the […]

The post Wing Lung grows private banking revenue 48% yoy, eyes discretionary launch appeared first on Asian Private Banker.

Despite the opening of desks in Singapore to service Chinese HNWIs at various private banks, the city-state continues to lag behind western nations when it comes to capturing offshore wealth. According to a recent report jointly produced by Bain & Company and China Merchants Bank, 15% of respondents selected Singapore as the preferred overseas destination for private banking, trailing behind […]

The post Chinese continue to prefer western hubs over Singapore for offshore banking appeared first on Asian Private Banker.

A rapidly growing pool of wealth, indications of zeal to reform the financial sector and a maturing market are all fuelling optimism in China’s wealth management prospects, with one report estimating that its size could witness a five-fold increase by 2020. According to a CITIC Securities survey, the wealth management industry in China in 2014 is believed to be a RMB46 […]

The post Onlookers bullish that China’s onshore wealth management sector could surge by five-fold appeared first on Asian Private Banker.

The adage of China’s business environment is that a good recommendation is worth more than any multi-million dollar marketing campaign and Wing Lung Private Banking & Wealth Management will bank on this philosophy to leverage from its parent, China Merchants Bank (CMB), to continue growing its offshore mainland high net worth (HNW) client base, of which 90% is now referred […]

The post Private banking growth for Wing Lung backed by an onshore referral engine appeared first on Asian Private Banker.

Less than four months following Wing Lung Bank’s hire of former Credit Suisse Greater China team leader, Joseph Tam, to head its private bank, the Chinese lender announced its ambitions to make its mark in private banking for offshore Mainland clients by becoming a top five wealth manager in the next three to five years. Wing Lung Bank’s private banking […]

The post Wing Lung aims to be top five wealth manager for offshore Chinese clients appeared first on Asian Private Banker.

In a bid to capitalise on China’s US$22 trillion in private wealth and strengthen its presence among high net worth individuals (HNWIs) in Hong Kong and China, China Merchants Bank (CMB) opens its first offshore private banking centre in Hong Kong at its local subsidiary, Wing Lung Bank. Wing Lung Bank, the Hong Kong bank that was acquired by CMB […]

The post Wing Lung Bank opens the doors of its offshore private banking centre in Hong Kong appeared first on Asian Private Banker.

Less than half a year after China CITIC Bank International lost the head of its private banking arm, Alvin Ma, the mainland Chinese private wealth manager nets a former head of a local private bank to spearhead its efforts to capture a piece of Asia’s rapidly growing wealth. Venus Chiu joins CITIC’s private bank as the new head of the […]

The post CITIC finds new head of private banking from Hong Kong local lender appeared first on Asian Private Banker.

It’s a sign of the times that so many private banks are staffing up in Hong Kong. They are hiring to address the great promise of mainland wealth where there is, by various estimates, in excess of US$1trn of investible income. Add to that fact the concept that most wealthy Chinese are newly rich and have yet to be converted […]

The post Stuck in the Middle Kingdom appeared first on Asian Private Banker.

China Post plans to issue a core-enterprise themed equity fund on May 7. This open-ended fund will be based on Shanghai and Shenzhen 300 Index (SHSZ 300), which covers 300 key listed companies on the Shanghai and Shenzhen Stock Markets, and SSE T-Bond Index, which tracks all the fixed-interest rate treasury bonds listed in Shanghai Stock Exchange. The fund will […]

The post China Post readies ‘core enterprises’ fund appeared first on Asian Private Banker.