The second review draft of the Financial Law expands content related to the protection of financial consumers and investors.

The Financial Law of the People's Republic of China was submitted on November 2 to the 25th session of the Standing Committee of the 14th National People's Congress for a second review. The second draft expands provisions on the protection of financial consumers and investors, and adds targeted rules on activities such as internet marketing. Regarding the protection of financial consumers and investors, the second draft adds provisions stating that when providing financial products and services, fair and reasonable transaction conditions shall be set, and unfair and unreasonable provisions shall not be used through standard-form clauses to exclude or restrict the rights of financial consumers and investors, reduce or exempt one's own liability, or increase the liability of financial consumers and investors; entities marketing financial products and services shall strengthen customer suitability management, understand customers' circumstances in accordance with regulations, truthfully explain the content of financial products and services, fully disclose risks, and provide financial products and services that match customers' circumstances.