Bank failures are rare in China, but the central bank has finally stepped in with a proposal to establish a deposit insurance system.

银行破产很难在中国见到，但是中央银行最终提出了建立存款保险制度的提案。

The draft plan would create a deposit insurance system that will cover more than 99 percent of all deposits with banks in the country.

草案所设立的存款保险制度将覆盖全国99%的银行存款。

The deposit insurance system is an institutional arrangement to protect the interests on depositors and stabilize the financial system.

存款保险制度是保护存款人利益、稳定金融体系的制度安排。