Core Points - The National People's Congress (NPC) Standing Committee is set to review the draft of the Private Economy Promotion Law for the third time during its upcoming meeting from April 27 to 30 [1][3] - The 2025 legislative work plan includes the formulation of the Private Economy Promotion Law, Financial Law, and Financial Stability Law, as well as amendments to several existing laws [1][5] Legislative Developments - The third draft of the Private Economy Promotion Law aims to enhance support for the development of the private economy and ensure fair law enforcement [3] - The NPC Standing Committee has emphasized the necessity and significance of establishing the Private Economy Promotion Law to provide a legal foundation for long-term economic stability [3] Financial Legislation - The Financial Law and Financial Stability Law are highlighted as critical legislative initiatives due to the increasing complexity and risks in China's financial markets [5][6] - The current financial legal framework is characterized by fragmentation, necessitating a comprehensive law to unify and coordinate various financial regulations [5] - The People's Bank of China is actively promoting the expedited introduction of the Financial Stability Law to improve the financial legal system [6]

Focus on Key Points - China plans to establish laws such as the Private Economy Promotion Law, National Development Planning Law, and Financial Law, which are significant for enhancing the legal framework of the socialist market economy and promoting high-quality economic development [3][4] - The Private Economy Promotion Law will clarify the important role of the private economy in the national economy and provide legal support for the healthy development of private enterprises [4] - The Financial Law aims to improve the financial legal system, filling existing gaps and providing foundational legal guarantees for the stable operation of financial markets [4] Major Meetings - The Minister of Housing and Urban-Rural Development, Ni Hong, emphasized the need to stabilize the real estate market and continue efforts to ensure housing delivery, including increasing loan support and promoting urban village renovations [6] Major Policies - The State Council issued guidelines on enhancing the "Five Major Financial Articles," focusing on technology finance, green finance, inclusive finance, pension finance, and digital finance to accelerate the construction of a strong financial nation [7] Major Events - The People's Bank of China has increased its gold reserves for the fourth consecutive month, reaching 7,361 million ounces (approximately 2,289.53 tons), which is a strategic move to mitigate asset depreciation risks due to the weakening dollar [8] Important Data - In February 2025, the Consumer Price Index (CPI) decreased by 0.7% year-on-year, influenced by factors such as the timing of the Spring Festival and favorable weather conditions for fresh vegetable supply [9][10]