Accelerate the improvement of the financial legal system "four beams and eight pillars" to escort the high-quality development of the financial industry

On June 13, the relevant person in charge of the Regulatory Department of the State Administration of Financial Supervision said in an interview that substantial progress has been made in the amendment projects of the Banking Supervision and Administration Law, the Insurance Law, the Commercial Bank Law, and other laws. Local financial supervision and management regulations, financial asset management company regulations and other administrative regulations are being drafted and revised as soon as possible, which better meets the needs of financial development practice and further releases the signal of strong supervision and strict supervision. We will promote the improvement of legal provisions related to the financial industry in the revision of the Enterprise Bankruptcy Law and the Criminal Law, and enhance the synergy and effectiveness of the legal system. We will accelerate the improvement of the "four beams and eight pillars" of the financial legal system, focus on solving the problems of insufficient shareholder supervision basis, imperfect risk disposal mechanism, and low administrative penalties, and strive to make up for the shortcomings of the legal system in a "package".