The Construction Of Deposit Insurance System Under The Background Of China 's Interest Rate Marketization

Deposit insurance system is to protect the interests of depositors and maintain a system of financial stability. Since the 1930 s, established in the United States, by the end of 2012, 112 countries have established a deposit insurance system. Deposit insurance system in nearly half a century of the global financial crisis to maintain financial stability and has made tremendous contributions, but also by the national authorities of the importance of global finance. China has established a lender of last resort in the central banking system and banking regulators have prudential regulatory functions of the system, but in fact has been taken is implicit deposit insurance system, based on the credibility of the country as security guarantee. But with the rapid development of China’s financial industry, as well as the establishment of the interest rate market trends, etc. requirements and banking exit mechanism. China has established explicit deposit insurance system is in line with the global trend of the times and requirements. Also contribute to the healthy development and enhance the confidence of depositors and enhance financial risk of resistance are of great significance for China’s banking sector, in addition to the introduction of deposit insurance system is a milestone in China’s interest rate market logo.In this paper how to build with Chinese characteristics, the main line of the deposit insurance system, first introduced the important theoretical foundation deposit insurance system. Bank runs and bank deposits theory and asymmetric information and bank and other inherent instability determines the necessity of the presence of the existence of a deposit insurance system. Here then is proposed to build the deposit insurance system of foreshadowing a theoretical basis.Secondly, this paper selects the United States and India as well as the establishment of a deposit insurance system in Hong Kong as well as the historical background and development experience. US in the early establishment of a deposit insurance system has experienced bank closures and some are not suited, but after half a century of development has become a deposit insurance system is the most mature and classic country. India with China’s national conditions of developing countries are similar to the representative. Faster economic development, state-owned banks are based, and the historic opportunity and fundamental reforms in the direction of the financial system has great similarities. So India’s deposit insurance system as well as the history and characteristics of the system to build on our great reference. Hong Kong is an international financial center, but also one of the few areas to take the deposit insurance system, the establishment of a deposit insurance system is not a long time.In then analyzes the maturity of the deposit insurance system construction conditions. Since 1993 it began construction of a deposit insurance system demonstration study, after 20 years of development, China’s five state-owned banks have completed the shareholding reform, but also the establishment of a lender of last resort central banking system and prudential regulators CBRC, and macroeconomic more stable environment for the establishment of a deposit insurance system to ensure a solid good environment. Meanwhile, China’s financial industry in the rapid development of emerging high savings rate, small banks at a disadvantage in the competition and market interest rates and other characteristics require the establishment of a deposit insurance system in China is required as soon as possible.In the next section describes the building with Chinese characteristics deposit insurance system. Organizational form of deposit insurance institutions to set up state-owned companies more appropriate, specific functions included in the bank to give the bankruptcy act as role not only compensate depositors should also focus on the banks among the daily supervision. Early on the banks should not be too high insurance rates, insurance, and set the maximum amount of deposit insurance coverage as well as deposit insurance agencies should be involved in the issue when the bank being. Among the specific detailed extensively to build international lessons, and fully integrate the country’s specific national conditions, to a large extent reflects the actual situation in China.The last part of the analysis to some of the negative effects of deposit insurance system, if at the time of our initial implementation may encounter. Moral hazard and adverse selection banks.Relaxations of bank depositors choose a "free rider" behavior. Proposes to strengthen risk awareness education depositors and banks to take specific measures for different rates and different risks and strengthen the implementation of dynamic regulation supporting the establishment of a deposit insurance system needs to assess the specific banking system and supporting the construction of the relevant state laws based on the specific impact measures. Establishment of a deposit insurance system does not mean financial security once and for all, and may even have some new problems. However, the establishment of a deposit insurance system is in line with the international trend of progress, is an important step in China’s interest rate marketization. As China’s economic development, but also depending on the actual needs of China’s financial industry to make the deposit insurance system dynamically change to adapt to economic development, better play deposit insurance...