China Deposit Insurance Corporation
Deposit Insurance Fund Management Corporation | |
中国存款保险基金管理公司 | |
 Corporate identity displayed at the CDIC office on Beijing Financial Street | |
| Abbreviation | CDIC |
|---|---|
| Formation | 2019 |
| Purpose | Deposit guarantee scheme for the Chinese banking system |
| Location | |
Region served | China |
Parent organization | People's Bank of China (PBC) |
The China Deposit Insurance Corporation (Chinese: 中国存款保险基金管理公司), occasionally referred to as Deposit Insurance Fund Management Corporation,[1] is the deposit guarantee scheme of the Chinese banking system established in 2019 under the People's Bank of China (PBC).
History
The CDIC was established in 2019 as a fully-owned subsidiary of the PBC.[1] It followed the enactment of China's Deposit Insurance Regulation in 2015, which established a deposit insurance limit at 500,000 renminbi per insured account.[2]
In November 2020, the PBC mandated the use of a Deposit Insurance logo in all bank branches throughout the country. That logo is kept separate from the corporate identity of the CDIC, illustrating the lead role retained by the PBC over its CDIC subsidiary in defining deposit insurance arrangements in China.[3]
In 2025, the International Monetary Fund and World Bank recommended that the CDIC increase the banking industry's contributions to its deposit insurance fund. They also called for clarification of the respective roles of the CDIC, PBC, National Financial Regulatory Administration and Central Financial Commission for bank resolution in China.[4]: 12
See also
References
- 1 2 Yuk-Chow So, Jacky; Yao, Shuai; Wu, Sibin; Zhou, Rongji (August 2024), "Independent institution or cooperative institution? China's deposit insurance institution model and the Honey Badger Algorithm", Quarterly Review of Economics and Finance (96)
- ↑ "Deposit Insurance Regulation (Order of the State Council of the People's Republic of China No. 660)". People's Bank of China. 17 February 2015.
- ↑ "Deposit Insurance Logo to be Applied: PBC arranges for the application of deposit insurance logo". People's Bank of China. 11 November 2020.
- ↑ People’s Republic of China: Financial Sector Assessment Program-Financial System Stability Assessment-Press Release; Staff Report; and Statement by the Executive Director for the People’s Republic of China, International Monetary Fund, 30 April 2025