Is Yingkou Coastal Bank a private bank?

Yingkou Coastal Bank is not a private bank, but a joint-stock city commercial bank, which was jointly established by several large state-owned and private enterprise groups in Yingkou area on the basis of the original four city credit cooperatives.

Private banks are more independent and private than commercial banks. At present, private banks approved for construction in China include New Network Bank, Zhenxing Bank, Sanxiang Bank, Online Merchant Bank, Yilian Bank, Fumin Bank and Jincheng Bank.