On The Design Of China 's Deposit Insurance Legal System

With the deepening of China’s reform and opening up, especially the further development of the financial sector, China’s banking institutions also deepening degree of opening up. In order to ensure the stability of our banking system, the establishment of a deposit insurance law system, has been put on the agenda of legislation. November 30, 2014, the State Council Legislative Affairs Office published the "Deposit Insurance Act(draft)" drafted by the People’s Bank of China. On March 31, 2015, the State Council announced the State Council Order No. 660, issued a formal "Deposit Insurance Act", The regulations shall come into force on May 1, 2015. This means that after 21 years of brewing and trade-offs, our banking institutions has finally established a deposit insurance system.Based on the deposit insurance law system of the world is relatively mature US, Germany, Japan and Taiwan of China deposit insurance law system for analysis and extensive research on China’s national conditions, summed up that China should establish a deposit insurance legal system. The expected value of the deposit insurance legal system can be achieved only by purely legal migration is not enough, we must also take into account our traditional concepts and existing resources. In addition to the mature experience of foreign deposit insurance legal system draw lessons, but also need to be fully combined with the actual conditions of China’s domestic, and institutional framework for analyzing the basic theory of deposit insurance legal system constitute the only way to integrate the conditions of our country’s deposit insurance legal system. In this paper, the first part introduces two large US financial crisis triggered a global economic crisis, in this process the deposit insurance system to resolve the financial crisis has made a positive contribution, and noted that deposit insurance is the financial and insurance system innovation to China. Then the second part demonstrates the necessity of the deposit insurance system in China’s implementation of the law. The third part focuses on the background of American Deposit Insurance System generated tissue composition and evolution of integrated Germany, Japan and Taiwan of China of the different characteristics of deposit insurance to a brief summary of the background of the deposit insurance law system generated basic structure, the development process of change and Revelation to China. The last part is based on the author’s research with the State Department released "Deposit Insurance", the author proposes the establishment of a deposit insurance legal system the best idea.