Page 4 - CDIC Company Profile Ebook

Preface

Through the years Toward the future

Since its establishment in 1985, the Central Deposit Insurance Corporation
(CDIC) has taken on many major challenges. Starting off with a guiding philosophy
of "implementing deposit insurance to safeguard depositors," the CDIC has built
an effective system for resolving troubled insured institutions, and maintaining
financial stability.

Having taken on its duty for over 30 years, the CDIC has never failed to achieve its
objectives of “protecting the rights and interests of depositors in financial institutions,
maintaining credit order, and enhancing sound development of the financial businesses”,
and has been following the government policies over the years on completing financial
reforms, and successfully enabled those failed financial institutions to smoothly exit
from the market.

In the future, the CDIC will make every effort to carry out its mission and study
the best practices from other deposit insurers worldwide as it weathers the future
challenges in the financial environment, and will continuously enhance the deposit
insurance system, implement financial reform in coordination with government
policies, maintain an outstanding domestic competitive financial environment, and
bring the function of a financial safety net into full play.

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