China to Begin Deposit Insurance in May

BEIJING—By relocating to protection bank deposits during home, China’s care has the eyes abroad.

China on Tuesday minute a devise to launch a deposit-insurance complement in May, a long-awaited pierce that is directed during improved disciplining the lenders and their customers. Deposit word is seen as a preface to pardon adult government-controlled seductiveness rates on bank deposits—a step Zhou Xiaochuan, administrator of China’s executive bank, has pronounced could…

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