06 Feb Hong Kong savings safety net to expand by 60% to protect US$102,270 in event of bank failures
Posted at 07:34h
in Asia
Hongkongers will soon enjoy protection for up to HK$800,000 (US$102,270) of bank deposits, up from the current HK$500,000, as a government body has decided to move ahead with expanding the safety net that guards citizens savings in the event of a bank failure.The Hong Kong...