China Construction Bank (CCB) has reported a
sharp rise in the number of HNW clients it handles.
The bank announced in its 2011 annual results
that the number of clients it has with more than RMB10m ($1.6m)
grew by 28% last year.
However CCB did not publish any information
about the income, profits, or the size of its asset or client base
in its private banking unit.
CCB said it has diversified the services it
offers high-end customers, implementing a wealth transaction model
which allows private banking customers to use a telephone pass code
to authorise various transactions over the phone.
Clients can telephone their account managers
directly and make transaction requests for transfers, remittances
as well as the purchasing of treasury bonds and financial