A draft amendment to China’s Banking Supervision and Management Law was submitted to the National People’s Congress Standing Committee for a second review on Aug. 25. The second-draft tightens obligations on banking supervisory agencies to protect consumers and adds explicit prohibitions on banking institutions and their staff misappropriating client funds, forced bundling or tied selling, breaching suitability rules by offering products beyond customers’ risk capacity, and using improper debt-c

The second-review draft of the amended Agricultural Law was submitted for consideration at the 24th meeting of the 14th NPC Standing Committee on the 25th. The draft seeks to bolster support for agriculture and the rural economy by promoting coordinated development of technology-driven, green, quality and branded agriculture; safeguarding seed-industry security and modernizing seed systems; and raising agricultural-insurance coverage and service quality. It encourages integration of IoT, artificial intelligence and other new technologies into agricultural production, operations and management. The draft also calls for strengthened rural construction and governance, including promotion of public-security-focused 'safe village' initiatives to enhance rural social order and household welfare. Finally, it proposes supporting international agricultural exchanges and cooperation and active Chinese participation in international governance on sustainable agriculture and food security.

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