Is Ningxia Jinhui Village Bank formal?

There are two Jinhui rural banks in Ningxia, namely, Ningxia Yuanzhou Jinhui Rural Bank Co., Ltd. and Ningxia Tongxin Jinhui Rural Bank Co., Ltd., both of which are formal banking financial institutions approved by the China Banking Regulatory Commission, and the main sponsor is bank of tianjin. The business scope includes absorbing public deposits; Issue loans; Handle domestic settlement; Handle bill acceptance and discount; Engage in interbank lending; Engaged in bank card business; Acting as an agent to issue, honor and underwrite government bonds; Acting for payment and insurance agency business; Other businesses approved by China Banking Regulatory Commission. According to the Deposit Insurance Regulations, customers' deposits in rural banks, state-owned banks and other commercial banks are protected by deposit insurance, so there is no need to worry about deposit safety.