Foreign countries are different. Banks are private. As long as they are not well-managed, they will go bankrupt and fail. Now China’s institutional reforms, banks also allow local banks and their foreign banks to exist. These economically independent local banks and foreign banks also exist. Business risk, that is, when its business is not good, and the assets are insolvent, it will also go bankrupt. Oh, the bankruptcy can be troublesome for China to have joint-stock banks and state-owned banks, and state-owned banks refer to the traditional four major banks (Bank of China
, pesticide bank,ICBC
)and alsoBank of Communications
It also belongs to state-owned banks. Others are joint-stock banks, such as local banks, Ningbo Bank, Beijing Bank, and other joint-stock banks, Shanghai Pudong Development Bank and Guangfa Bank. These are basically safe!