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Is Shanxi Bank Deposit Safe?
Relatively safe and reliable.

According to official website Shanxi Bank, it is found that the deposits of Shanxi Bank are relatively safe and reliable. Shanxi Bank is one of the joint-stock commercial banks in Chinese mainland. It was founded in 2008 by Shanxi provincial government and some enterprises and financial institutions. After years of business development, Shanxi Bank has been adhering to the business principles of "justice, fairness and openness", insisting on risk control and asset quality management. In order to ensure the safety of customers' funds, Shanxi Bank has taken a number of risk control measures according to the regulations and requirements of China Banking Regulatory Authority, including fund supervision, internal audit, anti-money laundering measures and network security, which can effectively ensure the safety of customers' funds. In addition, Shanxi Bank also participated in the national deposit insurance system, which means that if the bank goes bankrupt or other risk events occur, customers' deposits can be guaranteed to a certain extent. According to the Regulations on Deposit Insurance, deposit insurance is subject to limit payment, and the maximum payment limit is RMB 500,000. In other words, if your deposit is less than 500,000, you can get your money back even if the bank has problems. To sum up, bank deposits in Shanxi are relatively safe, so you can safely deposit. Of course, if you want higher returns, you can also consider some other wealth management products, such as Jinsheng Wealth Management, which is a wealth management product with different maturities and yields launched by Shanxi Bank. You can choose the right product according to your own needs.