Is the silver ticket product of Shanghai Rongtan Industry legal?

Legal.

The silver ticket management product of Shanghai Rongtan Industrial Co., Ltd. is a bank acceptance bill, which is a legal form of bills. Bank acceptance bill is a bill that the drawer applies to the bank for withdrawal, and the bank promises to pay unconditionally at maturity. In China, bank acceptance bills are financial instruments protected by law, and their issuance and trading should comply with relevant laws, regulations and regulatory requirements.