China equities have jumped today:
Reuters are out with a report, based on comments from late Tuesday:
- People’s Bank of China (PBOC) plans to introduce deposit insurance system
- Vice Governor Yi Gang said the plans are to introduce deposit insurance system as soon as possbile
- Part of the push to liberalise deposit rates
ADDED;
Here’s Reuters report on their website now: China’s c.bank to create deposit insurance system – vice governor