Qin, 52, declined to reveal how much money he put in his private banking account at a State-owned bank. However, he said it was a seven-digit number.
He said before 2012, he was rejected by several banks when he applied to become a client of their private banking services.
"They politely told me that my money was not enough because the entry level of wealth was 10 million yuan," said Qin.
The situation changed on Jan 1, when regulators set a national standard for domestic private banking services of commercial banks providing to individuals with a wealth of 6 million yuan or more.
"The benefits of having private banking services are multiple, among which I like the seminars most," said Qin.
The seminars Qin mentioned are not only about investment strategies.
"The experts my manager invites me to may talk about tea tasting, calligraphy, stamp collections and antique appreciation, most of which are very interesting," said Qin.
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