The People's Bank of China convened its 2025 financial rule-of-law work conference, reviewing 2024 legal and enforcement work and setting 2025 priorities focused on strengthening rule-of-law governance, advancing key financial legislation and improving administrative enforcement. In 2024, the central bank highlighted progress on financial legislation and amendments, including a second review of the draft Financial Stability Law by the Standing Committee of the National People's Congress and completion of revisions to the Anti-Money Laundering Law. It also issued rules on applying benchmarks for administrative penalty discretion, revised its list of administrative licensing items, and carried out enforcement inspections and administrative penalties on a lawful and compliant basis. Implementation of the new Administrative Reconsideration Law, handling of administrative reconsideration and litigation, and work on legal counsel, legal research and legal outreach were also cited as supporting the central bank’s mandate. For 2025, priorities include accelerating improvements to the financial legal and regulatory framework, progressing revisions to the People's Bank of China Law, and supporting further deliberations on the Financial Stability Law. The agenda also covers refining administrative governance systems, raising the standardisation and effectiveness of administrative enforcement while applying a proportionality principle, improving handling of administrative reconsideration and litigation, strengthening legal support services and research, expanding legal education outreach, and building specialised legal talent.

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