Is Jiangxi Yu Ming Bank formal?

Jiangxi Yumin Bank is a regular bank. Jiangxi Yumin Bank applied to initiate the establishment of a private bank on 20 14, and was successfully approved for establishment on 20 19 May. Jiangxi Yumin Bank officially opened on September 28th, 2009+2065438. Jiangxi Yumin Bank is the first modern private commercial bank based on 5G network construction in China and the first in Jiangxi. Jiangxi Yumin Bank was founded by nine leading private enterprises in Jiangxi Province, including Zhengbang Group, Boneng Industry, Nanchang Yifen, Zhongheng Construction and Developed Holdings. Jiangxi Yumin Bank has a registered capital of 2 billion yuan. Banks are mainly oriented to private enterprises, private economy and people's livelihood.