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    Deposit insurance policy to be released soon

    By Wang Xiaotian | China Daily | Updated: 2013-03-07 07:40

    Official research shows that a deposit insurance system - a major step for interest rate liberalization - is mature enough and is expected to be put before the public "very soon", Pan Gongsheng, a deputy central bank governor, said on Wednesday.

    "The central bank has worked on establishing the system for many years, and we're just waiting for the right time to make a substantial move," Pan said while attending a group discussion of the annual session of the Chinese People's Political Consultative Conference as a member.

    "A market exit mechanism for financial institutions is crucial for further progress as we push forward market-oriented reforms in such areas," he said.

    Deposit insurance policy to be released soon

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