The People's Bank of China said the rules paved the way for a smooth establishment of a deposit insurance system on the mainland after 22 years of drawn-out preparations. Photo: Nick Edwards

China issues rules on bank deposit insurance scheme

Beginning May 1, banks must set aside funds to cover liabilities should they become insolvent

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The People's Bank of China said the rules paved the way for a smooth establishment of a deposit insurance system on the mainland after 22 years of drawn-out preparations. Photo: Nick Edwards
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