Is the information sent by Chongqing Fumin Bank true?

The information sent by Chongqing Fumin Bank is true. Chongqing Fumin Bank is a local private bank, which needs the approval of CBRC before it can be established. It is a formal banking institution. At the same time, Chongqing Fumin Bank will take out deposit insurance and deposit the money in Fumin Bank. If the bank fails unfortunately, the deposits within 500,000 can enjoy full repayment of principal and interest. In addition, although Chongqing Fumin Bank is not interfered by the government, it still needs to be supervised by the China Banking Regulatory Commission, so it is a relatively credible private bank.