The Hong Kong Deposit Protection Board (the Board) has completed a consultation on enhancements to the Deposit Protection Scheme (DPS). Proposed enhancements to the DPS are highlighted below:

• Protection limit – raising the protection limit from the HK$500,000 to HK$800,000.


• Levy system – switching back to the build-up levy to cater for a higher protection limit, with the build-up levy rates kept unchanged.


• Deposit protection arrangements in the event of a bank merger or acquisition – providing enhanced coverage to affected depositors for at least six months upon a bank merger or acquisition.


• Representation regime – requiring the display of the DPS membership sign on the electronic banking platforms of Scheme members, and streamlining negative disclosure requirements on non-protected deposit transactions for private banking customers.
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  Related documents (13 July 2023)
  
  
• Press release
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• Remarks by Ms Connie Lau, SBS, JP, the Chairman, at the press conference (Chinese version only)
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• Presentation by Mr Daryl Ho, the former Chief Executive Officer, at the press conference
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• Consultation paper
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• Frequently asked questions


• Highlights on DPS enhancements (in the form of infographic)


Related documents on consultation conclusions (6 February 2024)


• Press release
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• Remarks by Ms Connie Lau, SBS, JP, the Chairman, at the press conference (Abridged version)
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• Presentation by Mr Donald Chen, Chief Executive Officer, at the press conference
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• Consultation Conclusions
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Reference materials (6 February 2024)


• Mr Donald Chen, Chief Executive Officer, on a new milestone for Deposit Protection Scheme in 2024 (Published by the Hong Kong Monetary Authority inSight Column)
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Passage of the DPS (Amendment) Bill 2024 (3 July 2024)


• Press Release


Implementation of the first phase of the enhancement measures of the Deposit Protection Scheme (1 October 2024)


• Press release
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