On March 8, Industrial Bank held the Conference of “Haina Jiacai-Xingcheng Shijia (meaning “Harbor Talents, Foster Family Legacy”)” Wealth Management Service Trust in Shanghai. At the conference, Industrial Bank, together with Yunnan International Trust, launched the first education service trust product in the domestic wealth management market—Haina Jiacai-Xingcheng Shijia Wealth Management Service Trust (hereinafter referred to as “Haina Jiacai Education Service Trust”).
It's understood that Haina Jiacai Education Service Trust, with the Private Banking Department of Industrial Bank as the financial advisor and Yunnan International Trust as the trustee, adds exclusive rights and interests of international education consulting on top of the basic functions of a wealth management service trust, and provides scenario-based, specialized and customized education consulting services. It represents a beneficial exploration of the "bank + trust" model in the field of education, further enriching the new model of diversified cross-sectoral service in domestic wealth management.
In the second half of 2023, Industrial Bank organized 30 international education and prestigious school exchange events, 27 consultation activities for full-path further-education planning, and 23 overseas identity planning consulting events. “A number of private banking clients have directly experienced our bank’s systematic and distinctive high-end customized education services. The Haina Jiacai Education Service Trust has exerted its characteristic advantages such as property protection and risk isolation, and added exclusive rights and interests in quality international education consulting, with which our bank’s private banking service capacity is expected to get further enhancement”, the head of Private Banking Department of Industrial Bank said.
According to the person in charge of the Family Enterprise Office at Yunnan International Trust, customers who purchase the Haina Jiacai Education Service Trust can deposit their children's overseas education reserve funds into the Trust account. Under the operational support of professional private banking team of the of Industrial Bank, the customers can provide overseas study expenses in a timely manner according to their children’s overseas education planning, guaranteeing that their children successfully complete their studies. Meanwhile, the reserve fund for overseas education can also serve as trust assets independent of other family properties, enabling the Bank to provide long-term, professional and stable asset allocation services and realize the isolation of risk. In addition, customers can also enjoy a series of services provided by education service providers screened by Haina Jiacai Education Service Trust, such as customized exclusive rights and interests, all-age education planning and competency development, etc., feeling the charm of one-stop international education services.
The Industrial Bank is committed to building a boutique private bank with warmth. In recent years, Industrial Bank has attached great importance to family trusts, insurance fund trusts and other specialized businesses, and has made continuous efforts to provide customers with all-around and integrated comprehensive financial service solutions for “individuals, families and enterprises”. Up to now, Industrial Bank has boasted over 70,000 private banking clients, with an asset scale of nearly RMB 900 billion.