Core Viewpoint - The revision of the Arbitration Law aims to enhance the online arbitration system, broaden the scope of special arbitration, and improve the supporting systems for arbitration, reflecting the need for adaptation to the evolving economic landscape and international commercial disputes [2][3]. Group 1: Legislative Process - The third draft of the Arbitration Law revision is scheduled for review during the 17th meeting of the 14th National People's Congress Standing Committee from September 8 to 12, 2023 [2]. - This revision marks a significant update after 30 years of the Arbitration Law's implementation, addressing issues such as the lack of foreign-related systems and inadequate regulatory frameworks [2]. Group 2: Public and Representative Feedback - During the public consultation for the second draft, 1,101 opinions were received from 284 individuals, indicating strong public engagement and the need for improvements in foreign-related arbitration and arbitration supervision [3]. - Suggestions from representatives included enhancing the legal framework for international commercial arbitration and improving arbitration supervision mechanisms [3][4]. Group 3: Supervision and Transparency - There is a call for clearer definitions of the scope of arbitration supervision, including the roles and responsibilities of judicial authorities and industry associations [4]. - The proposed revisions aim to establish a structured supervision process, ensuring that arbitration activities are conducted under strict legal oversight to enhance fairness and credibility [4].

Group 1 - The arbitration law amendment draft is set for its third reading, aiming to enhance online arbitration systems, broaden the scope of special arbitration, and improve supporting arbitration-related systems [1] - The amendment is significant as it marks the first major revision of the arbitration law in 30 years, reflecting the need for adaptation to the rapid economic development and globalization [1] - Current arbitration laws are deemed insufficient to meet the needs of a developing socialist market economy and expanding openness, with issues such as lack of foreign-related systems and inadequate regulatory frameworks highlighted [1] Group 2 - During the second reading of the amendment draft, 1,101 opinions were received from 284 individuals, indicating public interest in enhancing foreign-related arbitration and arbitration institution construction [2] - The draft has incorporated suggestions from various stakeholders, including representatives who proposed amendments to strengthen international commercial arbitration legislation and improve arbitration supervision [2][3] - Zhang Qiaoliang emphasized the need for clear legal definitions regarding arbitration supervision, including the roles and responsibilities of judicial bodies and industry associations, to ensure orderly and fair arbitration processes [3]