Core Viewpoint - The People's Bank of China (PBOC) has made significant progress in building a financial legal system during the "14th Five-Year Plan" period, focusing on enhancing financial law and regulations to support the development of a financial powerhouse [1][2]. Group 1: Legislative Achievements - The PBOC has promoted the enactment and revision of several financial laws, including the Anti-Money Laundering Law and regulations for non-bank payment institutions, to strengthen legal frameworks and supervision [2]. - Over 200 regulatory documents have been formulated, amended, or abolished since the beginning of the "14th Five-Year Plan," contributing to a more comprehensive legal and regulatory system [2]. Group 2: Financial Stability and Governance - The PBOC is actively working on key financial legislation, including the revision of the People's Bank Law and the Financial Stability Law, to solidify the legal foundation for central banking and enhance risk prevention mechanisms [3]. - The PBOC is aligning its governance with international standards to improve the business environment, focusing on market-oriented, law-based, and international practices [3][4]. Group 3: Service Optimization and Efficiency - The PBOC has implemented a unified registration system for movable property and rights, significantly improving the efficiency of public services, with over 53.28 million registrations and 290 million queries recorded by August 2025 [4]. - Efforts to enhance financial services for small and micro enterprises include streamlining loan approval processes and improving access to banking services for various demographics [5]. Group 4: Administrative Law and Enforcement - The PBOC is enhancing its administrative law framework to ensure compliance with new regulations, including the Administrative Penalty Law, and is focused on improving the standardization of administrative enforcement [6]. - The PBOC is committed to fair and transparent enforcement practices, emphasizing a risk-based approach to supervision and increasing the professionalism of enforcement personnel [6].