What business can a bank financial subsidiary carry out?

The bank's financial subsidiary is a molecular company established by the bank, which divests all the financial services of the original bank and the bank no longer does financial services. That is to say, when individuals want to make investments related to bank wealth management services, they used to do so through banks, but now they entrust bank wealth management subsidiaries to make purchases. Basically, the registered capital of bank wealth management subsidiaries is dominated by six major banks, and some of them are basically wholly owned.

Bank financial subsidiaries can carry out the following businesses:

1. Publicly issue bank wealth management products to unspecified public, and invest and manage investors' property;

2. Non-public offering of wealth management products to investors;

3. Providing financial consultation and consultancy services;

4. Other businesses approved by the CBRC.

For banks, setting up a wealth management subsidiary is not only to increase the income source of intermediary business, but more importantly, to maintain customer relationship, increase customer stickiness, and coordinate and promote other business income.