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Story summary
- China plans to introduce a financial law and a dedicated financial stability law in 2026 to mitigate risks and bolster its status.
- The National People’s Congress Standing Committee announced amendments to create a framework for financial reform and anti-corruption.
- Xi Jinping, President of the People's Republic of China, emphasizes addressing financial risks and political corruption.
- The developments come ahead of the annual two sessions of China’s legislature and advisory body.
