The Hong Kong Deposit Protection Board has reviewed the expansion of the Deposit Protection Scheme as it marks its 20th anniversary. The protection limit has risen from HKD 100,000 in 2006 to HKD 800,000 in 2024, while protected deposits increased sevenfold from HKD 452 billion in 2006 to HKD 3.656 trillion in 2025. Currently, 92.5% of depositors are fully protected. Operational changes have reduced the target payout timeframe from 42 days to seven days, following the adoption of gross payouts in 2016. Electronic payment channels introduced in 2021 can shorten payouts by a further one to two days compared with paper cheques alone. Public awareness has increased from 67.2% in 2006 to about 80% in recent years, while confidence reached 86.7% in 2025. The board has also launched education initiatives and revamped its website.
2026-09-24Hong Kong Monetary Authority
Hong Kong Deposit Protection Board marks scheme’s 20th anniversary after raising coverage to HKD 800,000 and cutting payout target to seven days
The Hong Kong Deposit Protection Board marked the scheme’s 20th anniversary by reviewing expanded coverage and faster payouts. The protection limit has risen to HKD 800,000, 92.5% of depositors are fully protected and the target payout period has fallen from 42 days to seven days.