A Study On The Legal System Of Private Banking In China

Private banking business has originated from Switzerland with hundreds of yearsof development. Based on current trends in international banking, it is easy to findthat, as an emerging financial services hotspot, China’s private banking business hasbecome the core business of international commercial banks, as well as an importantsource of profit growth, and gained the public attention. Since three decades ofreforming and opening up, the number of the high-end wealthy gradually hasincreased, which brings opportunities as well as a broad space for the development ofthe private banking business. In order to make our private banking business todevelop in a healthy, stable and sustainable way, making a deep research on relevantlegal system of private banking businesses has very important practical significance.This paper is divided into four parts：the first part analyzes private banking,legalrelations and legal system;the second part analyzes the mature，scientific，and privatebanking business-related legal system in Switzerland，the U.S. and Singapore，andconcludes the inspiration for the legal system of China’s private banking business onthis basis;the third part analyzes the main problems of the relevant legal systemwhich exists in the private banking business; the fourth part provides legal strategiesto promote the development of China’s private banking business based on the existinglegal problem. It is expected that private banking business within the framework ofthe law can show its proper value.