Yes In order to improve the stability of the financial system and enhance the ability of the banking industry to compete and serve the real economy, the Deposit Insurance Ordinance has been implemented since May 1, 2065438. The deposit insurance system is to protect your deposits on the basis of the existing bank deposit management. With the deposit insurance fund, your deposit is safer than before. Once the bank has problems, the deposit insurance fund management institution will take over the "problem bank". Recently, the central bank issued "20021China Financial Stability Report", saying that all the conditions for establishing a deposit insurance system have been met and will be introduced and implemented at an appropriate time. Wu Xiaoling, former vice president of China People's Bank and vice chairman of NPC Finance and Economics Committee, said at a recent meeting that deposit insurance may be introduced before the end of the year. According to media reports, the relevant person in charge of the central bank has said that deposit insurance institutions may implement a quota insurance system in the future, and the central bank plans to provide full insurance for 98% depositors. On October 27th, 65438/kloc-0, Madelen, former vice president of China People's Bank and president of China Institute of Finance and Accounting, revealed at the 10th China International Finance Forum that the design of deposit insurance system has been basically completed and will be launched soon. According to the reporter's understanding, the background of the introduction of the deposit insurance system is that since last year, the marketization of interest rates has obviously accelerated. In particular, the lower limit of the loan interest rate has been liberalized, and banks have also raised the deposit interest rate of each term to the upper limit of 10%. In this regard, Zhang Lizhou, general manager of the investment banking department of Minsheng Bank, said that the deposit ceiling will be completely liberalized in the future, so the market deposit interest rate will rise, the loan interest rate will fall, and the profit margin of commercial banks will be squeezed. Therefore, the marketization of interest rates will often lead to more intense market competition. Different banks will have differentiated loan and deposit interest rates, and ordinary people and institutions will choose according to their own conditions and differences in banks. However, the marketization of interest rates will inevitably be accompanied by the establishment of a deposit insurance system, because once the country no longer has the bottom, it must be solved by market-oriented measures. A few days ago, a person from a state-owned bank in Guangdong pointed out that in the future, banks and citizens should change their thinking, strengthen their risk awareness and treat commercial banks as ordinary enterprises. Second, we should change the way of saving. Large deposits are kept separately. Don't put all your eggs in one basket. "The deposit insurance system is to protect depositors' money in the bank and will not suffer losses due to bank accidents. "Mr. Zhang, a citizen, said that because compensation is limited," you can't put all your money in one bank. "Zhang Lizhou, general manager of the investment banking department of Minsheng Bank, also pointed out that from the current situation, there is not much difference between citizens depositing money in state-owned banks, joint-stock banks and city commercial banks, because they are all in the bottom of the country and there will be no great risks, but after the introduction of the deposit insurance system, there will be differences. Different banks have different operational risk capabilities. Once there are problems such as insufficient capital caused by poor management, bankruptcy will become a reality Therefore, when choosing bank deposits, citizens should try their best to consider the brand, past operating ability and overall strength of the bank.