Group 1 - The Ministry of Finance announced the legislative work plan for 2025, focusing on the development of the "National Social Security Fund Domestic Investment Management Measures" to enhance the value preservation and appreciation of the national social security fund [1] - The existing "Interim Measures for the Investment Management of the National Social Security Fund" has been in effect for over 20 years and needs to be updated to align with current financial market developments and investment management conditions [1] - The draft of the new management measures proposes to lower the upper limits of management and custody fees, and categorizes investment types into deposits and interest-bearing, credit fixed income, stocks, and equity, with maximum investment ratios of 40% for stocks and 30% for equity [1] Group 2 - The Ministry of Finance will also advance the drafting of various laws and regulations, including amendments to the Asset Evaluation Law and Budget Law, as well as the implementation regulations for the Value-Added Tax Law [2] - Additional regulations under consideration include revisions to the Financial Enterprise State-Owned Asset Evaluation Supervision Management Interim Measures and the Accounting Basic Work Standards [2]

Core Viewpoint - The Ministry of Finance is advancing legislative work on various financial regulations, including the modification of the Asset Evaluation Law, Budget Law, and the implementation regulations of the Value-Added Tax Law, as part of its 2025 legislative work plan [1]. Group 1: National Social Security Fund Management - The Ministry of Finance plans to revise the National Social Security Fund's domestic investment management regulations, which have been in place for over 20 years and need updates to align with current financial market conditions [2]. - The draft of the new management regulations proposes to lower the upper limits on management and custody fees, with annual management fees for stock products capped at 0.8%, bond products at 0.3%, cash products at 0.1%, equity investment funds at 1.5%, and custody fees at 0.05% [2]. - The new regulations categorize investment types into deposit and interest-bearing, credit fixed income, stock, and equity, allowing a maximum investment ratio of 40% for stock assets and 30% for equity assets [3]. Group 2: Budget Law Modification - The Ministry of Finance is also working on modifying the Budget Law, which is crucial for fiscal management and resource allocation [4]. - The Budget Law, first established in 1994, has undergone revisions to enhance the coverage of government budgets and introduce performance evaluation mechanisms [4]. - Recent discussions have highlighted the need for legal support to improve the fiscal transfer payment system, with suggestions to adapt the Budget Law to better meet current management requirements [4].

Group 1 - The Ministry of Finance has announced its legislative work plan for 2025, which includes the drafting of laws and regulations such as the Asset Evaluation Law (amendment), Budget Law (amendment), and the implementation regulations for the Value-Added Tax Law [1][3] - The Ministry will actively cooperate with projects included in the legislative planning of the 14th National People's Congress Standing Committee and the legislative work plan of the State Council for 2025 [3] Group 2 - The Ministry of Finance aims to revise the National Social Security Fund's domestic investment management measures, which have been in place for over 20 years and need to be updated to align with current financial market developments [4][5] - The draft management measures propose to lower the upper limits of management and custody fees, with specific rates set for different types of investment products, such as a maximum management fee of 0.8% for equity products and 0.3% for bond products [5] Group 3 - The Ministry of Finance plans to advance the amendment of the Budget Law, which is a crucial tool for fiscal management and resource allocation [6] - The Budget Law has undergone significant revisions since its introduction in 1994, with the latest amendments aimed at enhancing the legal framework for budget management and performance evaluation [6][7] - Recent discussions have highlighted the need to modify the Budget Law to better address issues related to transfer payments, performance management, government debt, and legislative oversight [7]