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 12 months 2024-2025, detailing vital strides made in enhancing the Deposit Safety Scheme (the Scheme). In response to 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 12 months.
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 have been geared 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 better 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 12 months. 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 occupied with a complete overview of the Board’s actions and achievements, the total 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 12 months.
Additional particulars concerning the Board’s initiatives might be discovered on the Hong Kong Financial Authority web site.
Picture supply: Shutterstock
