• 11/26/2024

Hong Kong proposes widening safety net for bank depositors by 60 per cent to US$102,560

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Hong Kong has proposed widening a safety net for the city’s bank depositors in case of a bank failure to HK$800,000 (US$102,560) per depositor, according to proposals made by a government agency on Thursday.

https://www.scmp.com/business/banking-finance/article/3227517/hong-kong-proposes-widening-safety-net-bank-depositors-60-cent-us102560?utm_source=rss_feed