Is the deposit in Ping An Bank insured?

Our bank has a deposit insurance system. In order to improve the stability of the financial system and enhance the ability of the banking industry to compete and serve the real economy, the Deposit Insurance Ordinance (the State Council Order No.660) was implemented on May 1 2065. The deposit insurance system is to protect your deposits on the basis of the existing bank deposit management. With the deposit insurance fund, your deposit is safer than before. Once the bank has problems, the deposit insurance fund management institution will take over the "problem bank". Reply time: June 2020-16. Please refer to the latest business changes announced by Ping An Bank in official website.