金融稳定法浮出水面

Core Viewpoint - The People's Bank of China has drafted the Financial Stability Law (draft for public consultation) to enhance financial stability and risk management in response to the central government's directives [1][2]. Group 1: Legislative Framework - The Financial Stability Law draft consists of six chapters and forty-eight articles, covering general principles, risk prevention, risk resolution, risk disposal, legal responsibilities, and supplementary provisions [2]. - The law aims to clarify the responsibilities of financial institutions, their major shareholders, local governments, and regulatory bodies, emphasizing early detection and intervention of financial risks [2]. Group 2: Financial Stability Guarantee Fund - The draft establishes a Financial Stability Guarantee Fund to serve as a backup for major financial risk disposal, funded by contributions from financial institutions and other sources as determined by the State Council [3]. - The fund will be managed by the Financial Stability Committee of the State Council and can receive liquidity support from the People's Bank of China if necessary [3]. - The fund is designed to operate alongside existing deposit insurance and industry guarantee funds, enhancing the overall financial safety net in China [3]. Group 3: Next Steps - The People's Bank of China will incorporate feedback from the public consultation to refine the Financial Stability Law draft and advance the legislative process for its timely enactment [3].