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CX Daily: China’s Bank Deposit Insurance Plan Is Seen Needing New Support

Published: Jun. 4, 2025 9:20 a.m. GMT+8

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Cover Story: China’s bank deposit insurance plan is seen needing new support

In the spring of 2019, a quiet but historic event shook China’s banking sector: Baoshang Bank collapsed. It was the first true bank failure in the country since the founding of the People’s Republic, and the first real test of a deposit insurance system created four years earlier. That test would define the future of financial risk management in China.

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