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China built the deposit insurance mechanism in 2015, under which a special fund was collected by the central bank to ensure depositors can get certain compensation if the bank fails.
China has over 4,000 small and medium-sized banks, with total assets of about 77 trillion yuan (.9 trillion). These banks have limitations in management capacity, and their targeted clients are usually micro, small and medium-sized enterprises. Small and medium-sized banks were noticeably affected by the novel coronavirus pandemic this year, said Cao Yu, vice-chairman of the CBIRC, at a news conference on April 22.

China has added an additional month to its ocean fishing ban since 2017, and started imposing a new fishing ban in the Yellow River, the country's second-longest river, earlier this year.
China firmly maintains strict protection of intellectual property rights, ensures the rights of all enterprises are safeguarded in accordance with the law, and works to build an inviting environment for business and innovation, President Xi Jinping said on Tuesday.
China has already set goals to become the world's biggest market in this area, including the goal of 30 percent green buildings for new construction by the end of the 13th Five-Year Plan period (2016-20), he said, noting the country needs to focus on sustainable development strategies for urbanization, environment and industrialization sectors.
来源:资阳报