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Is Zhongyuan Bank a formal national bank?

Zhongyuan Bank is a formal bank.

The head office of Zhongyuan Bank Co., Ltd. (abbreviated as: Zhongyuan Bank or ZYB) is located in Zhengzhou City, Henan Province.

Zhongyuan Bank is a joint-stock commercial bank headquartered in Zhengzhou City, Henan Province. It was officially opened for business on December 26, 2014. It is a provincial-level legal person bank in Henan Province.

On July 19, 2017, Zhongyuan Bank was listed on the main board of the Hong Kong Stock Exchange (stock code: 1216.HK). It currently has 18 branches and more than 400 business outlets nationwide. As the main sponsor, it also has 9 rural banks.

As a newly established joint-stock commercial bank, Zhongyuan Bank will operate independently in full accordance with the market-oriented mechanism, adhering to the core value concept of "stable, innovative, enterprising and efficient" and focusing on "traditional business to develop distinctive and innovative businesses". With three major development strategies: "Looking for breakthroughs and seeking leadership as a future bank", we strive to become a first-class commercial bank with distinctive characteristics and vitality that leads the Central Plains with innovation.

Extended information:

Business scope: absorb public deposits; issue short-term, medium-term and long-term loans; handle domestic and foreign settlements; handle bill acceptance and discounting; issue financial bonds; issue as an agent, Agent to redeem and underwrite government bonds; buy and sell government bonds and financial bonds; engage in inter-bank lending.

Buying and selling foreign exchange as an agency; international settlement, foreign exchange guarantee, self-operated foreign exchange trading or foreign exchange trading on behalf of others, inter-bank foreign exchange lending, credit investigation, consultation and witnessing; engaging in bank card business; providing letter of credit services and Guarantee; agency for payment and insurance business; provision of safe deposit box business; other businesses approved by the China Banking Regulatory Commission.

Reference: Baidu Encyclopedia-Zhongyuan Bank