The PBOC, which has long toyed with a deposit insurance scheme, has proposed a coverage ceiling of 500,000 yuan. Photo: Bloomberg The PBOC, which has long toyed with a deposit insurance scheme, has proposed a coverage ceiling of 500,000 yuan. Photo: Bloomberg
The PBOC, which has long toyed with a deposit insurance scheme, has proposed a coverage ceiling of 500,000 yuan. Photo: Bloomberg

PBOC unveils deposit protection scheme with 500,000 yuan coverage

Move seen as precursor to further financial reforms, including an end to interest rate controls and letting market forces dictate which lenders fail

The PBOC, which has long toyed with a deposit insurance scheme, has proposed a coverage ceiling of 500,000 yuan. Photo: Bloomberg The PBOC, which has long toyed with a deposit insurance scheme, has proposed a coverage ceiling of 500,000 yuan. Photo: Bloomberg
The PBOC, which has long toyed with a deposit insurance scheme, has proposed a coverage ceiling of 500,000 yuan. Photo: Bloomberg
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