China refines financial stability law to strengthen risk prevention

China refines financial stability law to strengthen risk prevention

FILE PHOTO: Chinese officials and delegates applaud at the closing session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China March 11, 2024. REUTERS/Florence Lo/File Photo

China’s new financial stability law draft bill improved provisions on financial risks prevention and control, according to draft revisions released on Monday.