State-owned banks and other commercial banks in China are functional banks, whose basic feature is that financial institutions must be divided into different categories and have their own specialized departments according to the law. In the debt business of state-owned commercial banks and other deposit money banks in China, the position of savings is very prominent. In China, commercial banks are not allowed to engage in domestic trust investment and stock business. Therefore, the main sources of personal wealth management income are government bonds and financial bonds issued by the central bank and policy banks. Bank buying and selling on behalf of customers also has an impact on the development of personal finance, and the development of online banking also has a very important impact on personal finance. There are many problems. For example, the four major state-owned commercial banks are dominant, and the banking business is also limited to a small scope. The countermeasure is financial reform. The bottom-up financial reform triggered by the recent emergence of Yu 'ebao and Baidu Financial Center products is very targeted.