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Are the wealth management products of Industrial Bank reliable?
Reliable, Industrial Bank is a national state-owned joint-stock commercial bank, established in 1908, one of the six largest banks in China, one of the oldest banks in China and one of the modern note-issuing banks in China. Industrial Bank is one of the major financial service providers in China, covering commercial banks, securities, trusts, financial leasing, fund management, insurance and offshore financial services.

legal ground

1. According to Article 71 of China's Banking Law, if a commercial bank cannot pay its debts due, it will be declared bankrupt by the people's court with the consent of the the State Council Banking Regulatory Authority.

2. Bank bankruptcy needs to meet three conditions at the same time: the commercial bank is insolvent; Review and approval by the banking supervision department; The people's court declared bankruptcy. The current national policy also allows banks to go bankrupt. Now the bank insurance system has also been established, and the bank deposits below 500,000 can be paid in full, covering more than 99.5% of the accounts.

What about the depositors' deposits after the bank goes bankrupt?

According to the deposit insurance regulations, after the bank goes bankrupt, the deposit insurance can pay the limit, and the maximum payment limit is RMB 500,000.

In other words, after the bank goes bankrupt, depositors can get a maximum compensation of 500,000 yuan (interest+principal). According to the regulations, the part exceeding 500,000 yuan will be paid in proportion after the bankruptcy liquidation of the bank.

What about the depositor's loan after the bank goes bankrupt?

Even if the bank goes bankrupt, the loan should be repaid on time, and not a penny less.

The reason is simple, because it is natural to pay off debts. If you refuse to repay, it will not only affect your personal credit, but also be sued to the court in serious cases. Therefore, even if the bank goes bankrupt, the money borrowed by depositors from the bank should be returned normally.

Industrial Bank has set up 108 branch and 1435 branch in major cities in China; It owns subsidiaries such as Xingye International Trust, Xingye Financial Leasing, Xingye Fund, Xingye Consumer Finance, Xingye Wealth and Xingye Guo Xin Asset Management, forming a modern financial service group with banks as the main body, covering trust, leasing, funds, securities, consumer finance, futures and asset management. As the first "Equatorial Bank" in China, Industrial Bank has always adhered to the "scientific and sustainable" development concept, operated legally, steadily and in a civilized manner, taking into account the interests of shareholders, customers, banks, employees and the social environment, and actively practiced corporate social responsibility, which has been widely recognized and praised by all walks of life at home and abroad.

According to the latest ranking of global 1000 banks in 20 1004 by the British "Banker" magazine, Industrial Bank ranked 49th in tier 1 capital and 43rd in total assets, ranking among the top 50 banks in the world. According to Fortune magazine's ranking of the world's top 500 enterprises in 20 14, Industrial Bank ranked 338th, ranking 90 places higher than last year, ranking first among banks. According to Forbes' 20 14 ranking of the top 2000 global listed companies, the company ranked 129, making it one of the fastest growing companies in the same period. In 20 18, it ranked 237th in the Fortune Global 500 list.