In 2021, in accordance with the arrangements and requirements of the State Council, the People’s Bank of China (PBOC) and the Deposit Insurance Fund Management Company performed their duties conscientiously to move further ahead with the implementation of the deposit insurance system in a solid and effective manner. Operating stably and smoothly, the system continued to provide substantial protection for depositors, with risk-based premiums and functions such as early correction and risk resolution coming into play progressively.
As of end-2021, a total of 4027 deposit-taking banking financial institutions across the country joined the deposit insurance scheme as required. In 2021, the premium income, the interest revenue, and the returned amount of expired funding support registered RMB46.705 billion, RMB744 million, and RMB10.733 billion, respectively.
RMB23.24 billion of the Deposit Insurance Fund was used to repay the financial stability loans from the PBOC, while RMB1 billion was used for subscription of the shares of Liaoshen Bank. As of end-2021, deposits of the Deposit Insurance Fund recorded an outstanding balance of RMB96.03 billion.
Main Income and Expenses of Deposit Insurance Fund
(RMB100 million)
Items |
Amounts |
Main Income |
|
Premiums |
467.050 |
Interest Revenue |
7.437 |
Return of Expired Funding Support |
107.328 |
Main Expenses |
|
Capital Subscription to Liaoshen Bank |
10.000 |
Repayment of Financial Stability Loans from PBOC |
232.395 |
