China’s draft financial law submitted for first reading
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Chinese lawmakers are reviewing for the first time a draft financial law, which 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 balances development and security while addressing legal challenges that constrain high-quality growth in the financial sector.
Reference Link:-https://english.news.cn/20260623/e9e1eeaa3a124a79b3dfd523cc429c16/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
