In August 2007, the first branch of CMB private banking was established in Shenzhen. Since then, it has established branches across the country in more than 60 cities. Based on years' experience and a wide customer base, CMB's private banking has been established a national business landscape which can provide private banking service in 6 offshore cities. Currently, it has opened more than 130 private banking centers in key cities of China and private banking offices in other cities to serve customers with assets of over RMB10 million.