On January 22, 2016, IB Private Banking Department held "Launch Ceremony & Seminar of Private Banking Professional Service" in Shanghai, announced to join hands with Co-Effort Law Firm, Deloitte and other renowned institutions to officially launch a one-stop high-end professional services "package", covering legal services, tax services, management consulting, and global properties purchasing.
It is reported that IB Private Banking will deliver the high-end professional one-stop services to customers through seminars, salons, site reservation, private consultants, and institutional recommendation. Specifically, legal services refer to solving legal matters involved in the production and operation process and the "non-litigation" legal affairs for customers, and safeguarding legal rights for family businesses in trademark rights, patents, intellectual property, trade secrets and other aspects; tax services refer to providing the clients' family business with reasonable tax planning services, including qualification of value-added tax payer, sales settlement and tax planning using favorable tax rate; management consulting services refer to conducting comprehensive diagnosis for the clients' family business and promoting institutional mechanisms reform to achieve standardization and modernization of the management; and global properties purchasing refers to real estate-related advisory services to meet customers' needs in properties purchasing and property management.
Such a high-end professional services "package" cannot do without strong partners. On the launch day, the ceremony was attended by the heads of Co-Effort Law Firm Shanghai HQ, Deloitte Tax Firm, Jones Lang LaSalle and other cooperating agencies, who all expressed confidence in the prospect of cooperation between two sides.
“We will collaborate with the cooperating bodies, and through professional assessment or diagnosis, design differentiated financial services program according to customers’ unique demands and seek the most suitable methods of asset operation for them.” Xue Ruifeng, the General Manager of Industrial Bank Private Banking Department said, “Since the pilot exclusive high-end legal services for private banking clients in 2015, we've helped customers effectively to solve many legal issues, increased customer satisfaction and loyalty, which are also the impetus for our bank to push the 'professional services'.”
He said that private banking emphasizes one-stop services, integrated services, and meeting all financial and non-financial services that customer needs. It is not guesswork to include "legal services, tax services, management consulting, and global properties purchasing" into the exclusive services for private banking customers. According to the survey conducted jointly by our bank's Private Banking Department and the Boston Consulting Group in 2015, the above four services ranked top among wealth planning services that attract most attention from HNWIs in China. To meet customer demand, the Industrial Bank Private Banking works together with well-known Deloitte Tax Firm, Allbright Law Firm, Co-Effort Law Firm, Jones Lang LaSalle, Colliers International, etc., in forming a powerful resources system together to provide integrated professional private banking services to HNWI clients.
About IB
Founded in August 1988 and headquartered in Fuzhou, Fujian Province, Industrial Bank (IB) is one of the first batch of joint-stock commercial banks approved by the State Council and the People's Bank of China. On February 5, 2007, IB was listed on Shanghai Stock Exchange (Stock Code: 601166) with registered capital amounting to RMB 19.052 billion.
Since its establishment 28 years ago, IB has been advocating the philosophy of "Sincere Service, Growing Together" and endeavored to offer comprehensive, top-quality, and high-efficient financial services for customers. IB has fulfilled frog-leap development from a local bank into a regional bank, a national bank, a publicly listed bank and a comprehensive financial group focusing on banking. It owns nine business licenses including banking, trust, financial leasing, funds, consumer finance, futures, asset management, research and consulting, and digital finance, four directly controlled (wholly-owned) subsidiaries, six indirect subsidiaries, investment in shares of five companies. Now, staying stably among China Top 10 Banks, Global Top 50 Banks, and Fortune Global 500, IB has in recent years won a number of honors in the appraisals organized by various authorities at home and abroad, including Annual Financial Holding Group, the Best Chinese-funded Bank, Bank of the Best Strategic Innovation, Best Green Bank, Best Internet Financial Platform Bank, Best Bank in Practicing Inclusive Finance, and the Most Socially Responsible Listed Company.
About IB Private Banking
The Private Banking Department of IB was established in 2011. With headquarters located in Shanghai, it is a headquarters-level department of IB. With the support of a large retail financial services platform covering abroad finance, pension finance, wealth management, credit cards and community bank, we always adhere to the "high starting, professional management, global perspective, highlighted characteristics" as the guiding ideology and "full-featured, full coverage, all-round, all-weather" as the spirit of service, the "market leader" as the goal, and "the most trusted private banking" as the brand vision to provide customers with comprehensive, professional and customized full range of private banking services to meet their multi-level and multi-faceted needs.
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