Chinese lawmakers are reviewing, for the first time, a draft financial law that focuses on strengthening regulation, preventing risks, and promoting high-quality development.
The draft was deliberated on Tuesday at the ongoing session of the Standing Committee of the National People’s Congress, the national legislature, for its first reading.
A fundamental, comprehensive, and overarching piece of legislation for the financial sector, the draft law seeks to balance development and security while addressing legal challenges that constrain high-quality growth in the financial sector.
