Is the bank deposit in Happiness Village safe?

Safe. Official website, China Banking and Insurance Regulatory Commission, shows that Happy Village Bank is supervised by China Banking and Insurance Regulatory Commission and needs to comply with relevant laws, regulations and regulatory requirements. The supervision mechanism helps to ensure that the operation of banks conforms to the norms and protect the rights and interests of depositors. China implements a deposit insurance system to protect depositors' deposits. According to the deposit insurance system, in the case of bank bankruptcy or liquidation, depositors' deposits will be paid by insurance within a fixed range.