Core Viewpoint - The ongoing discussions during the National People's Congress focus on improving the deposit insurance system and revising the People's Bank of China Law to enhance financial stability and risk management in the banking sector [1][4]. Group 1: Deposit Insurance System - Multiple representatives emphasize the need to enhance the deposit insurance fund and financial stability guarantee fund to better manage financial risks [1]. - The current Deposit Insurance Regulations face challenges such as low legal status and insufficient measures for early correction and risk disposal, particularly affecting small and medium-sized banks [1][2]. - Suggestions include establishing a dedicated deposit insurance law to clarify responsibilities and improve the risk disposal mechanism [2][3]. Group 2: Risk Monitoring and Early Correction - Recommendations include developing a risk monitoring and early warning system tailored to deposit insurance, promoting early identification and correction of financial risks [3]. - The proposal suggests enriching the conditions for triggering early correction measures, including the possibility of not insuring specific deposits to enhance the effectiveness of risk warnings [3]. Group 3: People's Bank of China Law Revision - The revision of the People's Bank of China Law is deemed necessary to address issues related to monetary policy, macro-prudential management, and financial stability in light of evolving financial landscapes [4]. - Suggestions include clarifying the central bank's responsibilities in macro credit management and enhancing support for sectors like technology finance and green finance [4]. - There are calls to improve the financial budget management system of the central bank to strengthen its financial position and sustainability [4].