If corporate bond default is far from our daily life and investment, then bank bankruptcy is related to everyone.
The whole story of the bankruptcy of Baoshang Bank
Let's start with the bankruptcy of Baoshang Bank. This incident is not sudden, but it will still shock everyone when it comes to bank bankruptcy.
In May last year, the central bank and the China Banking Regulatory Commission announced that in view of the serious credit risk of Baoshang Bank, in order to protect the legitimate rights and interests of depositors and other customers, they decided to take over Baoshang Bank from May 24, 20 19.
Baoshang Bank is not the first bank in China to be taken over. As early as 1998, the central bank appointed China Industrial and Commercial Bank to trust the creditor's rights and debts of Hainan Development Bank.
According to the documents of China Banking Regulatory Commission and People's Republic of China (PRC) Commercial Bank Law:
When a commercial bank has or may have a credit crisis, which seriously affects the interests of depositors, the China Banking Regulatory Commission may take over the bank.
The purpose of takeover is to take necessary measures for the commercial banks that have been taken over, so as to avoid the fermentation and further expansion of financial risks, protect the deposits of our people and restore the normal operating capacity of banks.
On165438+1October 23rd this year, the CBRC officially gave a reply to the bankruptcy of Baoshang Bank, and agreed in principle that Baoshang Bank would enter bankruptcy proceedings. According to the latest data, after Baoshang Bank was taken over, the final depositors' deposit compensation was jointly funded by the deposit insurance fund and the central bank, which fully guaranteed personal deposits and most institutional claims, and provided an average of 90% protection for large institutional claims.
In other words, the personal deposits of Baoshang Bank are finally narrowly missed and fully guaranteed.
When it comes to deposit insurance funds, we have to mention the deposit insurance system formally implemented in China in 20 15.
In 20 15, the State Council promulgated the deposit insurance regulations, and China's deposit insurance system was formally implemented from 20 15 to May 1 5, providing clear legal protection for public deposits through legislation.
Deposit insurance is a basic institutional arrangement of the financial industry widely implemented in various countries. More than 140 countries and regions in the world have established deposit insurance systems, which have played an important role in protecting depositors' rights and interests, preventing and defusing financial risks and maintaining financial stability.
China's deposit insurance system has been implemented for five years now, and the official evaluation of the central bank is:
Generally speaking, the deposit insurance system has been running smoothly and its functions have been continuously improved for five years. The role of deposit insurance in protecting depositors' rights and interests, enhancing public confidence, strengthening risk constraints and promoting the healthy development of the banking industry has gradually emerged.
What does deposit insurance cover?
Insured deposits include RMB deposits and foreign currency deposits absorbed by insurance institutions, including both personal savings and deposits of enterprises and other units. Both principal and interest belong to the scope of insured deposits.
Except for interbank deposits of financial institutions, deposits of senior managers of financial institutions in this institution and other uninsured deposits as stipulated by the deposit insurance fund management institution. It is also an international practice to exclude a few specific deposits from the scope of deposit insurance protection, which is conducive to giving play to the role of market restraint mechanism and promoting the steady development of the banking industry.
I would like to remind you that there are many bank products at present, and the deposit insurance system guarantees our deposits in the bank. Financial management that people often buy now is not included, and funds, insurance and other consignment products bought in banks are not included, which are protected by other relevant laws and regulations.
After 20 15, when it comes to deposit insurance, you should often hear the figure of 500,000.
China's deposit insurance is limited to pay, and the maximum payment limit is RMB 500,000. In other words, if the sum of the principal and interest of all deposit accounts of the same depositor in the same bank is less than 500,000 yuan, it will be paid in full.
Deposit insurance can provide full protection for more than 99% depositors in all insurance institutions. The implementation of quota payment does not mean that deposits above the quota are unsafe.
According to the provisions of the Deposit Insurance Regulations, deposit insurance funds can be used to repay insured deposits to depositors, and can also provide guarantees, share losses or financial support for other eligible insurance institutions, so as to facilitate them to acquire or bear all or part of the business, assets and liabilities of insurance institutions that have been taken over, cancelled or filed for bankruptcy.
Judging from the experience of countries and regions that have established deposit insurance systems, in most cases, deposit insurance funds are used to support other qualified insurance institutions to "take over" problematic insurance institutions, acquire or undertake their businesses, assets and liabilities, so that depositors' deposits can be transferred to other qualified insurance institutions and continue to be fully guaranteed.
If other insurance institutions are really unable to purchase or undertake, they will pay the insurance deposit directly according to the maximum compensation limit. In addition, deposits exceeding the maximum repayment limit can be compensated in proportion from the liquidation property of insurance institutions according to law.
Are there many institutions covered by deposit insurance in China?
165438+1On 6 October, the central bank updated the list of financial institutions participating in deposit insurance nationwide at the end of June this year 10. * * There are 4,025 financial institutions, which can be found in the annex of the Notice. In the future, the central bank will update the list according to the situation and publish it in official website.
According to the semi-annual report disclosed by the China Banking Regulatory Commission, as of the end of June this year, there were 4 1 banking institutions in China (which may change slightly at present), which means that the proportion of banks participating in deposit insurance is as high as 97.43%, and most banks' deposits are guaranteed by insurance.
At present, all the bank deposit products planned to be accessed are guaranteed by bank deposit insurance, which is safe, reliable and guaranteed! A variety of deadlines for everyone to choose flexibly, you can rest assured to buy.
Latest progress
Everyone knows the existence of insurance deposits, but it is hard to say whether your own deposits are within the scope of protection. In order to better protect the interests of depositors and facilitate their identification, the central bank officially deployed the deposit insurance sign on June 6, 2020, and issued a notice authorizing financial institutions participating in deposit insurance to use the deposit insurance sign from June165438+1October 28, 2020.
This sign looks like this:
This logo will be officially launched this Saturday, 165438+ this year1October 28th. Before the official opening of the country, it will be in Neiqiu County of Hebei Province, Linfen City of Shanxi Province, Tieling City of Liaoning Province, Yangzhou City of Jiangsu Province, Linyi City of Shandong Province, Luohe City of Henan Province, Xiaogan City of Hubei Province, Huarong County of Hunan Province, Leshan City of Sichuan Province, Yuanmou County of Yunnan Province, Weinan City of Shaanxi Province and other places.
For the use of deposit insurance signs, the central bank has also made specific provisions on the specifications, materials, scope of use and prohibition of deposit insurance signs.
Financial institutions participating in deposit insurance shall display deposit insurance signs in a prominent position at the entrance of domestic business outlets to ensure that depositors entering business outlets can easily identify themselves as financial institutions participating in deposit insurance. Starting from this Saturday, you can see this sign at all bank outlets.
Finally, draw a key point for everyone.
1
500,000 quota
It is best to deposit money in different banks and natural persons. Although it is possible to pay more than 500 thousand, it will have to wait until the bank goes bankrupt and liquidates.
2
deposit
Pay attention to distinguish between deposits and wealth management products. Deposit insurance only saves money.
three
Exclusion part
Article 2 of China's Deposit Insurance Regulations stipulates that commercial banks, rural cooperative banks, rural credit cooperatives and other deposit-taking banking financial institutions (hereinafter referred to as insurance institutions) established in People's Republic of China (PRC) shall handle deposit insurance in accordance with the provisions of these Regulations.
The provisions of the preceding paragraph shall not apply to branches established outside People's Republic of China (PRC) by insurance institutions or branches established in People's Republic of China (PRC) by foreign banks. However, unless People's Republic of China (PRC) and other countries or regions have other arrangements for the deposit insurance system.
Today, the planner explains the whole story of the bankruptcy of Baoshang Bank from many aspects, and also considers that everyone has a certain amount of bank deposits at present, so as to popularize bank "deposit insurance" for everyone. Everyone should also distinguish between bank deposits and bank financing, and understand the guarantee amount of 500,000.
Of course, all bank deposit products that are easy to plan and access are also guaranteed by bank deposit insurance, which is safe, reliable and stable! A variety of deadlines are available for you to choose flexibly, so you can buy with confidence.