Draft Financial Stability Law for Comments: Establish a Financial Stability Guarantee Fund

In the past few years since the epidemic, changes in the international and domestic environments have made financial stability the most important task of the country’s financial authorities. Especially at the moment when the Federal Reserve is raising interest rates, and there will be a global economic recession in the future. How to resolve financial risks has become a science. In recent years, my country’s legal system related to finance has been continuously established. However, as far as the existing laws are concerned, most of them are classified and scattered. There is no unified and systematic regulation on the prevention of financial risks. This may be the birth of the “Financial Stability Law”. Background, the introduction of a special law to prevent financial risks will definitely be beneficial to the stability of the future financial market.