Legislative Affairs Office of the State Council, Deposit Insurance Regulations (Draft for Comments)

国务院法制办公室存款保险条例 (征求意见稿)

December 18, 2014 | BY

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Issued: November 30 2014Main contents: Deposit-taking banking financial institutions, such as commercial banks, rural cooperative banks and rural credit…

Promulgated: 2014-11-30

Issued: November 30 2014

Main contents: Deposit-taking banking financial institutions, such as commercial banks, rural cooperative banks and rural credit cooperatives, established in China (hereinafter collectively referred to as “Insured Institutions”) shall take out deposit insurance in accordance herewith.

The provisions of the preceding paragraph shall not apply to the (sub-)branches that Insured Institutions establish outside China nor to (sub-)branches established in China by foreign banks (Article 2).

The maximum indemnification limit for deposit insurance shall be Rmb500,000 (Article 5).

promulgated:2014-11-30

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