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Table 1 Private Banking Division Operating Data of China Merchants Bank and China Construction Bank

From: Private banking development in China under two organizational structures: Economic analysis from an organizational innovation perspective

Bank names\date

China Merchants Bank

China Construction Bank

Number of private banking customers

Total assets under management (trillion RMB)

Number of private banking customers

Total assets under management (trillion RMB)

June 2019

78,245

216.10

125,242

132.14

December 2019

81,674

223.11

127,211

134.85

June 2020

91,034

249.74

139,995

149.61

December 2020

99,977

277.46

142,739

151.00

June 2021

111,947

312.92

153,928

167.43

December 2021

122,064

339.39

160,794

178.00

June 2022

130,029

364.79

175,610

193.00

  1. Data Source: Wind