Is Changsha Bank a formal bank?

Changsha Bank is a formal bank. Changsha Bank was established in 1997 as a joint-stock commercial bank. It is composed of Changsha Municipal Finance Bureau, Changsha Kaifu District Finance Bureau, Changsha Furong District Finance Bureau, Changsha Tianxin District Finance Bureau, Hunan Post and Telecommunications Administration, Changsha Xinda It was established by the original shareholders of Industrial Co., Ltd., Changsha Commercial Corporation and the original 14 urban credit cooperatives and municipal cooperatives in Changsha City as promoters, and has a certain degree of reliability.

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