ABSTRACT

We came together with members of the World Bank not long ago to look at the subject of how to stabilize financial markets and guard against risk. This was at our invitation and the talks included a number of experts from within China as well as from abroad. During the talks, the foreign guests raised some doubts about China’s regulations on depositors’ insurance, as put forth in the November 2004 “Opinion” called “Opinion on purchasing the creditor’s rights and securities settlement obligations of individual creditors.”