Core Viewpoint - The establishment and implementation of the deposit insurance system in China over the past decade have significantly contributed to financial stability, with a focus on risk prevention, early correction, and effective risk disposal [1][8]. Group 1: Implementation and Management - Since 2015, the People's Bank of China has established a dedicated account for the deposit insurance fund, ensuring its safety through separate management [2]. - The deposit insurance system has provided full protection for over 99% of depositors with a compensation limit of 500,000 yuan [2][5]. - The system has enhanced public confidence in the banking sector, particularly benefiting small and medium-sized banks [2]. Group 2: Risk Management and Early Correction - The deposit insurance system adopts a "risk minimization" model, allowing for participation in the entire process of risk prevention, resolution, and disposal [3][4]. - Since 2016, the fee rate mechanism has transitioned to a risk-differentiated fee rate, promoting prudent management among institutions [3]. - The system has successfully prompted over 600 institutions to take corrective measures to mitigate risks [3]. Group 3: Professional Risk Disposal - The deposit insurance fund has been involved in risk disposal since 2019, successfully managing cases such as Baoshang Bank [3][5]. - The approach of "takeover + acquisition + bankruptcy liquidation" has been effectively implemented, ensuring depositor rights and maintaining market discipline [5]. - The system's design allows for a balance between protecting depositor rights and preventing moral hazard [5]. Group 4: Future Directions - There is a need to elevate the legislative status of the deposit insurance system to match its role as a pillar of the financial safety net [6]. - Future efforts will focus on expanding the accumulation of the deposit insurance fund and enhancing backup financing mechanisms [7]. - The financial stability bureau will continue to implement the deposit insurance functions and maintain systemic financial risk prevention [8].