The long-awaited deposit insurance system has finally been unveiled, but whether it can play its anticipated role or not still needs to be tested by practice. ANBOUND research team holds that in general there is still a great uncertainty for the future of this system. When government is still responsible for commercial banks and intervenes for their policy bankruptcy, deposit insurance system would be just a kind of tax imposed upon commercial banks, rather than a guide for their bankruptcy under market conditions or an instructor to avoid a run on banks.