Is the Financial Dispute Mediation Center of Datong Arbitration Commission formal?

The Financial Dispute Mediation Center of Datong Arbitration Commission is formal. According to the query of relevant information, the Datong Arbitration Commission was decided by the Standing Committee of the Datong Municipal Party Committee in August 1996 after the promulgation and implementation of the "Arbitration Law of the People's Republic of China" on September 1, 1995, in accordance with the spirit of the State Council notification. It was established by the municipal government in March 1998. It was approved and registered by the Shanxi Provincial Department of Justice in June 1998. After being submitted to the provincial government and the State Council for review and filing, the Datong Arbitration Commission was formally established. Non-profit legal persons that provide public welfare services to resolve contract disputes and other property rights disputes between citizens, legal persons and other organizations who are equal subjects are statutory arbitration case-handling institutions.