Abstract: Nowadays The deposit insurance system became an important part of constructing the safety net of finance all over the world of mostly states or regions of market economy.In order to fit system requirement from Chinese financial stability and depositor benefit protection,The paper,on the background of the continuing reforming and opening up of the Chinese bank industry under the financial globalization,analyze and discuss the problems of setting up the deposit insurance system of China and harmonizing the system and other financial safety mechanisms.