DOW JONES, A NEWS CORP COMPANY
News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services.
DOW JONES
NEWS CORP
DJIA ▲
16346.45 -1.02%
  S&P 500 ▲
1922.03 -1.08%
  Nasdaq ▲
4643.63 -0.98%
  U.S. 10 Yr ▲
0/32 yield 2.116%
  Crude Oil ▲
32.88 -1.17%
  Euro ▲
1.0925 -0.06%
 
Sections
Aim higher, reach further.
Get the Wall Street Journal $12 for 12 weeks. Subscribe Now
Subscribe Sign In
Chinese Investors Seek Policy Clarity
Chinese Investors Seek Policy Clarity
In Cuba, Cash Trickles In for Budding Capitalists
In Cuba, Cash Trickles In for Budding Capitalists
The New Kid on the Stock-Trading Block: Citigroup
The New Kid on the Stock-Trading Block: Citigroup
Cash Is Back at Pensions, Funds
Abreast of the Market
Cash Is Back at Pensions, Funds
Bad Week for U.S. Stocks Dims Outlook
Bad Week for U.S. Stocks Dims Outlook
Deal Ends SEC’s Pursuit of Cohen
Deal Ends SEC’s Pursuit of Cohen
5 Charts from the Week
5 Charts from the Week
The Junk-Bond Market’s Newest Big Buyer: Goldman Sachs
The Junk-Bond Market’s Newest Big Buyer: Goldman Sachs
Brokerages Brace for a Wave of Departures
Brokerages Brace for a Wave of Departures
Could Saudi Aramco Be Worth 20 Times Exxon?
Could Saudi Aramco Be Worth 20 Times Exxon?

China Releases Plan for Bank Deposit Insurance

Long-Awaited Move Would Insure Accounts Up to $81,000; a Step Toward Freeing Up Interest Rates

By

BEIJING—China took a major step toward reinvigorating its lumbering banking sector by formally proposing a deposit-insurance system, a long-awaited move that is aimed at better disciplining its lenders and their customers.

The State Council, the Chinese government’s top decision-making body, on Sunday released a draft of a plan to insure up to 500,000 yuan ($81,000) in deposits made by businesses and individuals per bank. Banks and...

Popular on WSJ

Editors’ Picks