Deputy Governor of the Central Bank, Xuan Changneng: Actively study and promote the legislative work of deposit insurance laws

Deputy Governor of the People's Bank of China, Xuan Changneng, wrote in an article that it is necessary to promote the improvement of the legal system for deposit insurance. Actively studying and promoting the legislation of deposit insurance laws, taking advantage of opportunities to amend financial laws, financial stability laws, the Law of the People's Bank of China, the Commercial Bank Law, and other legislation, to strengthen the core functions of deposit insurance in the law, clearly positioning deposit insurance in China as one of the three pillars of the financial safety net, and establishing a solid legal foundation for the performance of deposit insurance duties.