In fact, the "profit model" is not just a problem faced by private banks of ABC or Yinjinqiang, but a similar problem faced by peers (including foreign counterparts).
Compared with mature markets, China's high-net-worth and ultra-high-net-worth people are younger, often in their prime, and pay more attention to the appreciation of wealth. In mature markets, many services that are familiar to international private banks and bring considerable returns, such as intergenerational inheritance of wealth, family trust, charitable donation and estate planning, can't be found in China.