Laying the Legislative Foundation: Why China’s New Financial Law is a Watershed Moment
The introduction of China’s first overarching financial law for its initial reading marks a definitive shift in the country’s economic governance. Moving from a model of “fragmented patching” to a comprehensive “system-building” approach, this legislation—comprising 11 chapters and 95 articles—represents the legal scaffolding necessary to underpin China’s ambition of becoming a global financial powerhouse. For […]
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