The second approved agency in the shareholding bank!Hengfeng Bank's private banking department was approved to open

On August 11, 2022, the Shanghai Banking Regulatory Bureau announced that Hengfeng Bank's private banking department was approved by the opening of the opening.

At this point, Hengfeng Bank has become the second bank that has been approved by the CBRC to restart the private bank license plate at the end of last year, and the fifth commercial bank with the fifth commercial bank license to hold a private banking license.

Earlier in December 2021, the Private Banking Department of the Industrial Bank was approved to open, becoming the first licensed private banking specialized institution in joint -stock commercial banks in the past ten years, and it is also the only private banking specialized institution that has been approved by the regulatory authorities in the past ten years.

As of now, a total of 5 commercial banks who have been approved by the private banking department. The top three are Industrial and Commercial Bank of China, Agricultural Bank, and Bank of Communications, respectively. They have been approved in 2008, 2010 and 2012.

Both Hengfeng Bank and Industrial Bank were approved by the private banking department in May 2021.

According to the content of this approval, the Shanghai Banking Regulatory Bureau approved the qualifications of Jiang Lingying Hengfeng Bank's general manager of the private banking department, Sun Zhenfeng as the deputy general manager of the private banking department, and assistant general manager of Xu Yantao's private banking department.

The business scope of Hengfeng Bank's private banking department is: personal wealth management services, personal asset management services, private financial advisory consulting services, private value -added services, personal cross -border financial consulting and services, approved by the Bank of China Insurance Supervision and Management Committee Other private banks authorized by the head office.

The business address is: 21st floor of Kaiping Road, Huangpu District, Shanghai.

Hengfeng Bank's private banking department shall open within 6 months from the date of receiving the business license. If it fails to open on schedule, it shall submit an extension of the opening of the opening to our bureau 1 month before the expiration of the opening period. The extension of the opening should not exceed once, and the longest period is 3 months.

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