Is Liaoshen Bank a state-owned bank?

Liaoshen Bank is a state-owned bank. Liaoshen Bank was established in May, 20021with the approval of the Insurance Regulatory Commission of Bank of China. The business of Liaoshen Bank includes: issuing short-term, medium-term and long-term loans, handling domestic and international settlement, bill acceptance and discount, issuing financial bonds, acting as an agent for issuing and paying, underwriting government bonds, buying and selling government bonds and financial bonds; Engage in interbank lending; Providing letter of credit services and guarantees; Other businesses approved by the State Council Banking Regulatory Authority, etc.

Definition of state-owned banks: state-owned banks, that is, state-owned banks, refer to large banks directly controlled by the Ministry of Finance and Central Huijin Company. There are nine state-owned banks, including China Postal Savings Bank, China Agricultural Bank, Bank of Communications, China Construction Bank, China Bank, China Industrial and Commercial Bank, The Export-Import Bank of China, China Agricultural Development Bank and China National Development Bank.