Is Dongbao Huimin Village Bank formal?

Ordinary. Dongbao Huimin Village Bank is a regular bank, legal and approved by relevant state departments, and its operation process is supervised by relevant departments. Jingmen Dongbao Huimin Rural Bank is a joint-stock commercial bank with independent legal personality, which was approved by China Banking Regulatory Commission and initiated by Jilin Jiutai Rural Commercial Bank and established by seven shareholders including Jingmen Oriental Department Store and Hubei Gong Jing Cement Co., Ltd.