Monday, December 1, 2014

PBOC unveils deposit protection scheme with 500,000 yuan coverage





In a major step towards financial sector reforms, the People's Bank of China has proposed a coverage ceiling of 500,000 yuan (HK$630,850) for mainland bank depositors.









via South China Morning Post - Business feed http://www.scmp.com/business/banking-finance/article/1652574/pboc-unveils-deposit-protection-scheme-500000-yuan-coverage

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