The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
Asia Private Banking Awards

Overall best state-owned private bank in China 2022

Bank of China Private Banking

Bank of China Private Banking, which has been recognized by Asiamoney in the past, delivered yet another solid year in 2021.

By the end of the first half, the bank had about 141,200 private banking clients, with assets under management of Rmb2 trillion ($315 billion). Its full-year AuM growth exceeded 20% – one of the highest in the industry.

To support its rapid expansion, the bank continued to build out its domestic network last year, adding about 30 private banking centres across the mainland. This further complemented its unparalleled offshore presence across Hong Kong, Macau, London and Singapore. BOC now has about 100 domestic private-banking centres, versus fewer than 50 just two years ago.

With a team of more than 300 private bankers, over 200 investment advisers and 2,000-plus relationship managers, BOC Private Banking has shown that it is more than capable of meeting the increasing needs of Chinese high net-worth clients across wealth management, global asset allocation and wealth succession, both at home and abroad. That’s why it wins the Asiamoney award for overall best state-owned private bank in China in 2022.

One of the many highlights for BOC in the last year was the fact that it managed to expand its family trust business by doubling both the number of clients and AuM.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree