Central Bank: Advance the legislation and revision of the People's Bank Law, Financial Stability Law, and other laws.

On March 18th, the Party Committee of the People's Bank of China held an expanded meeting to continue deepening financial reform and opening up. They are improving the central bank system, constructing a scientifically sound monetary policy framework, and establishing a comprehensive macro-prudent management system. They aim to build a standardized, transparent, open, dynamic, and resilient financial market system, and a secure and efficient financial infrastructure system. They are advancing legislation and amendments to laws such as the People's Bank of China Law and Financial Stability Law. They are practicing global governance initiatives, actively participating in and promoting global financial governance reform. They are promoting high-level opening up of the financial service industry and financial markets, deepening financial market connectivity, and cross-border interconnection of payment systems. They support the construction of the Shanghai International Financial Center, and consolidate and enhance the status of Hong Kong as an international financial center. They are enhancing the ability to prevent and control financial risks in an open pattern, in order to safeguard national financial security.