Kuaixiangbao is a general deposit product launched by China Merchants Bank, which is guaranteed by the deposit insurance system. The coverage of the deposit insurance system is generally within 500,000 yuan of principal and interest. There are three main types of deposits, namely, high yield, monthly interest payment and file interest payment.
The essence of China Merchants Bank is a national joint-stock commercial bank with business outlets all over the country. China Merchants Bank is the first joint-stock commercial bank wholly owned by an enterprise as a legal person in China and the first pilot bank promoted by the state from outside the system. China Merchants Bank was established in 1987 and is a subsidiary of China Merchants Group.