China Merchants Bank (CMB) led the winners and was awarded Best Managed Bank, Best Private Bank, Best Joint-stock Private Bank in China. Industrial and Commercial Bank of China (ICBC) won Best Mega Private Bank in China. CCB Trust and Taikang Family Office won Leading Family Trust Institution in China and Best Insurance-Backed Multi Family Office in China. Shanghai, 10 December 2025 – China Merchants Bank (CMB), Industrial and Commercial Bank of China (ICBC), CCB Trust, together with seven other leading wealth management institutions, were recognised for their achievements in family succession, entrepreneur services, and philanthropy at The Wealth and Society Awards 2025 held in Shanghai. CMB led the winners and was awarded Best Private Bank and Best Joint-stock Private Bank in China, along with a haul of top honours across corporate and transaction banking. CMB demonstrated remarkable resilience amid market volatility through its “5+N” asset allocation framework. It has also expanded new growth drivers for its private banking client base through internal business synergies. As of the end of the third quarter of 2025, its private banking client base exceeded 190,000. In family trust and insurance trust services, CMB has continuously innovated to address core pain points for high-net-worth clients in wealth succession. By enabling fullly-online processing of family trusts, it has increased project initiation efficiency by over 90%, with the scale of family trusts facilitated by the bank ranked among the industry’s frontrunners. ICBC also won multiple awards, notably Best Mega Private Bank in China. The bank has built a comprehensive financial solution encompassing wealth management, corporate services, and family business succession to meet clients’ integrated service needs. In delivering exceptional wealth management services, ICBC leads its peers in digitalisation, having strengthened client loyalty and operational efficiency. In 2024, its private banking clients and assets under management grew by 10% and 13%, respectively, reinforcing its leading position among private banks in China. In addition, ICBC was recognised as Charitable Trust Service of the Year in China for its innovation in philanthropic service models. It has introduced a “Philanthropic Account” for private banking clients and developed a paradigm-setting digital platform for charitable finance. CCB Trust was awarded Leading Family Trust Institution in China for its comprehensive leadership in handling complex trust structures, cultivating family governance culture, enabling full-process digitalisation and designing resilient frameworks. Of note, its extension of services to include family charter formulation and next-generation development, demonstrating a commitment to fostering a family governance culture that transcends mere wealth transfer. In the areas of risk and compliance, the company has shown foresight by proactively designing trust structures resilient to potential future legal disputes, emphasising long-term durability and robustness. Taikang Family Office was recognised for its pioneering, deeply integrated ecosystem that combines healthcare and elderly care with comprehensive financial solutions. Through its professional investment consultant development programme, the establishment of a dedicated legal and tax service platform, and the systematic enhancement of health and wealth planner advisory capabilities, Taikang Family Office has built significant service barriers and client loyalty. These collectively form its core competitive edge in the market, earning it the Best Insurance-backed Multi-Family Office in China award. Six other leading wealth management institutions—Shanghai Pudong Development Bank (SPDB), Cigna & CMB Life Insurance Company, China CITIC Bank, Ping An Bank (PAB), Bank of China (BOC), and Guotai Haitong Securities—won six Product and Service Achievement Awards and four Global Wealth and Strategic Expansion Awards. The Global Wealth and Society Awards Programme seeks to recognise leading wealth institutions that enable high- and ultra-high-net-worth individuals (HNWIs) to create positive societal impact while achieving sustainable financial returns. The awards also recognise highly customised products and services that are aspirational, risk-diversified, innovative, and performance-driven, supporting clients in meeting both financial and broader investment objectives. The Global Wealth and Society Awards 2025 Top Private Banking Centre Top Private Banking Centre for Asset Management in China - ICBC Zhejiang Branch Private Banking Centre Top Private Banking Centre for Entrepreneur Services in China - ICBC Guangdong Branch Private Banking Centre Top Private Banking Centre for Wealth Succession in China - China CITIC Bank Beijing Fuhua Tower Private Banking Centre Top Private Banking Centre for Philanthropy in China - ICBC Anhui Branch Private Banking Centre Product and Service Achievement Awards Charitable Trust Service of the Year in China - Industrial and Commercial Bank of China Family Succession Service of the Year in China - Shanghai Pudong Development Bank Insurance Trust Service of the Year in China (Insurance Company) - Cigna&CMB Life Insurance Company Insurance Trust Service of the Year in China - China CITIC Bank Private Wealth Service of the Year in China - Guotai Haitong Securities Private Banking Customer Service of the Year in China - Ping An Bank Wealth Tech Initiative of the Year in China - Ping An Bank Global Wealth and Strategic Expansion Awards Best Bank Supporting Internationalisation of Next-generation Family Leaders in China - China CITIC Bank Best Private Bank for Cross-border Wealth and Business Structuring in China - Shanghai Pudong Development Bank Best Private Bank for Global Wealth Management in China - Ping An Bank Best Private Bank for Global Entrepreneurs and Business Owners in China - Bank of China Business Achievement Awards Best Insurance-backed Multi-Family Office in China - Taikang Family Office Leading Family Trust Institution in China - CCB Trust Best Private Bank in China (Mega) - Industrial and Commercial Bank of China Best Private Bank in China (Joint-stock) - China Merchants Bank Best Private Bank in China - China Merchants Bank Impact Achievement Awards Impact Project of the Year in China - Project Centre d’Art Rodin (Shanghai) Corporate Impact CEO of the Year in China - Nan Yi, Chairman, Universal Energy For more information about the Wealth and Society Awards Programme, please visit the website.
