Exclusive | With a licensed operation of over 13 years, the Bank of Communications plans to apply for the revocation of its private banking license.

Recently, the Sina Financial Research Institute exclusively learned that Bank of Communications plans to apply for the revocation of its private banking license. Since obtaining the private banking license in September 2012, the client scale of Bank of Communications' private banking department has increased to 102,600 by the middle of 2025. What is the difference between a licensed private banking agency and a bank's private banking department? A person from a state-owned bank's private banking department told the Sina Financial Research Institute: "There is not much difference between the two, nor is there any advantage or disadvantage."