China to set up deposit insurance to protect savings in banks as risks rise

The system, which will provide a safety net for customer savings held by banks, is expected to be established as early as this year, to keep pace with the accelerated financial reforms sought by the newly installed leaders of the world's second-largest economy.

via Business feed http://www.scmp.com/business/banking-finance/article/1267552/china-set-deposit-insurance-protect-savings-banks-risks