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Is Chongqing Fumin Bank's acceptance discount reliable?

Reliable. Chongqing Fumin Bank is the first private bank in China and the only bank in the central and western regions that has been approved for financing after the normalization of private banks. Chongqing Fumin Bank has a registered capital of 3 billion yuan, which was established by seven outstanding private enterprises in Chongqing, including Hanhuajin Holding Co., Ltd., Zongshen Industry Group Co., Ltd., Fuan Pharmaceutical (Group) Co., Ltd. and Chongqing Yujiang Die Casting Co., Ltd. ... The acceptance discount of Chongqing Fumin Bank is reliable. Discounting refers to the bill behavior that the holder of a bank acceptance bill transfers the bill rights to the bank in order to obtain funds before the bill expires. Discount is a way for banks to raise money from holders.