Terrill Dicki
Jul 16, 2025 04:55
The Hong Kong Deposit Safety Board’s 2024-2025 Annual Report reveals key enhancements to the Deposit Safety Scheme, together with a brand new safety restrict of HK$800,000.
The Hong Kong Deposit Safety Board (the Board) has unveiled its Annual Report for the fiscal yr 2024-2025, detailing vital strides made in enhancing the Deposit Safety Scheme (the Scheme). Based on the Hong Kong Financial Authority, the report, launched on July 16, 2025, underscores the Board’s profitable implementation of a number of key enhancements in the course of the yr.
Enhancements to the Deposit Safety Scheme
Among the many notable achievements, the Board executed enhancements to the Scheme in two phases, launched on October 1, 2024, and January 1, 2025, respectively. These enhancements had been aimed toward bolstering the Scheme’s effectiveness and reliability. A pivotal change was the rise within the safety restrict to HK$800,000, a transfer designed to offer higher safety for depositors.
Elevated Public Consciousness and Confidence
Along with structural enhancements, the Board intensified its promotional efforts to raise public understanding and confidence within the Scheme. These campaigns have confirmed efficient, as indicated by the excessive ranges of public consciousness and belief reported over the yr. The Board’s dedication to those initiatives highlights its dedication to safeguarding depositor pursuits and sustaining monetary stability in Hong Kong.
Entry to the Full Report
For these desirous about a complete overview of the Board’s actions and achievements, the complete Annual Report for 2024-2025 is accessible on the Board’s official web site. This doc gives additional insights into the Board’s strategic priorities and operational milestones achieved over the previous yr.
Additional particulars concerning the Board’s initiatives could be discovered on the Hong Kong Financial Authority web site.
Picture supply: Shutterstock
