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The Hong Kong Deposit Protection Board's most recent survey found 67% of respondents were aware of the scheme, and among them, 76% knew the maximum protection limit is $100,000. The scheme had enhanced public confidence in the banking system, the survey suggests.
Positive responses were gathered in areas including the perceived level of security of deposits at banks, and confidence in small to medium-sized banks.
"The successful launch of the scheme last year marked an important milestone in the development of the financial safety net in Hong Kong. Building on a strong foundation established in the past year, we will continue to refine and enhance the functioning of the scheme to contribute to the well-being of depositors and the financial stability of Hong Kong," Chairman of the Board Prof Andrew Chan said.
The Board's Chief Executive Office Raymond Li said apart from maintaining the scheme's efficient operation, the board will work on strengthening public understanding of it. The board will also seek to enhance the campaign's effectiveness by diversifying the channels and means for disseminating the board's messages.
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