Is Suning Bank a regular bank?

Suning Bank is a private bank, the full name of which is Jiangsu Suning Bank Co., Ltd., which was jointly funded by Suning Shangyun Group Co., Ltd. and Sunrise Oriental Solar Co., Ltd., and Suning Bank officially opened on June 20 17 16. It is a commercial bank approved by China Banking and Insurance Regulatory Commission and the first digital bank in Jiangsu Province. Suning Bank is supervised by the People's Bank of China, recognized by the state and supported by the government. The business of Suning Bank includes providing financial services to individual customers and small and medium-sized enterprises, and applying financial technology to promote the development of inclusive finance.