China's Central Bank to be in Charge of Deposit Insurance
ANBOUND
Though China's deposit insurance system has been included within the financial reform agenda, there are still two major stumbling blocks towards the implementation: the struggle among state-owned enterprises against problems associated with insurance premiums and the exact rights for deposit insurance. China’s central bank will probably function as a guarantor in which the insurance (in the form of deposit funds) will be kept under its safekeeping.