In the News: Draft Financial Stability Law; SPC Amends Civil Procedure Law Interpretation; and Plans for Market Unification

April 12, 2022 | BY

Hugo Yeung

Draft law to boost protection against systemic risks; SPC amends rules on summary procedures, service of litigation documents, small claims, and judicial confirmation; Policymakers aim to knock down localism and unify market standards

Credit: anekoho/Adobe Stock

Draft Financial Stability Law released for comments

On April 6, seven government agencies including the People's Bank of China (PBOC) and the Ministry of Finance jointly published the Draft PRC Financial Stability Law (中华人民共和国金融稳定法（草案征求意见稿）), which is open for public comments until May 6.

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