Stacks of Chinese yuan notes are seen as the implied guarantee of the People's Bank of China is said to be intact as Beijing seeks to maintain social calm. Photo: Bloomberg
analysis | China bailout guarantee seen as alive and well despite deposit insurance scheme
“When all financial institutions are government owned, and even shadow banks are bailed out, [it’s] hard to see what deposit insurance means in China’s context,” said Andy Xie, an independent economist
Stacks of Chinese yuan notes are seen as the implied guarantee of the People's Bank of China is said to be intact as Beijing seeks to maintain social calm. Photo: Bloomberg
