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Is Haier Bank formal?

Ordinary. Official website inquiry of Haier Consumer Finance Co., Ltd. shows that Haier Bank is a formal enterprise authorized by the government, which is formal and protected by law. It is also the only licensed consumer financial institution in Shandong Province. Haier Consumer Finance Co., Ltd. was established on 20 17 12, and was jointly established by Haier Group, Haier Property Company, Red Star Macalline, Greentown Mall and China Youzan.