金融立法修法提速，人大代表建言明确金融稳定责任分工

Core Viewpoint - The article emphasizes the urgent need for legislative reforms in financial stability law and the People's Bank of China law to enhance the financial regulatory framework and mitigate systemic financial risks in China [3][4]. Legislative Progress - The National People's Congress (NPC) plans to accelerate the development of financial laws, including the Financial Stability Law and amendments to the People's Bank of China Law and Banking Supervision Law [3]. - Current financial laws are fragmented, with provisions for financial stability and risk prevention scattered across various regulations, lacking specific rules and procedures [3][4]. Financial Stability Law - The proposed Financial Stability Law aims to create a cohesive legal framework that integrates with existing laws like the People's Bank of China Law and the Commercial Banking Law, ensuring effective coordination and responsibility delineation [4]. - There are existing challenges in legislative practice, such as inconsistent definitions of "systemic financial risk" and the need for clearer responsibility assignments among financial institutions and regulatory bodies [4][5]. Risk Management Framework - The article suggests establishing a comprehensive risk prevention and resolution system within the Financial Stability Law, emphasizing the importance of defining responsibilities clearly among various entities, including the Central Financial Committee and local governments [5][6]. - It is recommended to clarify the order of fund usage and limit public fund usage to prevent moral hazards [5][6]. People's Bank of China Law - The current People's Bank of China Law, last revised in 2003, is outdated and does not adequately address the evolving financial landscape, including the dual-pillar monetary policy framework and the rise of digital currency [6][7]. - The article highlights the need to legally define the dual-pillar framework and the specific conditions for macro-prudential tools, enhancing the effectiveness of macro-financial management [6][7]. Digital Currency Regulation - There is a pressing need to establish legal regulations for digital currency, particularly the digital renminbi, to ensure its legal status, issuance processes, and protection against fraud [6][7]. - Recommendations include defining the digital renminbi as legal tender, outlining the responsibilities of the central bank, and establishing penalties for violations related to digital currency [7].