China Close to Launching Bank Deposit Insurance

BEIJING—China is removing tighten to rising a long-anticipated deposit-insurance system, a landmark renovate that would inject larger risk into a banking zone and pave a approach for eventually permitting banks to openly contest for depositors.

Senior officials from a executive bank’s branches all over a nation attended a discussion Thursday during a Beijing domicile of a executive bank to plead sum for implementing a deposit-insurance plan, according to central-bank officials with believe of a matter….

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