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Is the Bank of Rong Yuan private? Is it formal?

Ordinary. According to the enterprise survey, Rong Yuan Bank was established on 20 10, and it is a private bank with a registered capital of 50 million yuan. Bank of Rong Yuan was formally established in Nantong, Jiangsu on 20 10. Its full name is Jiangsu Rugao Rural Commercial Bank Co., Ltd., which was approved by China Banking Regulatory Commission.