The National People's Congress just submitted a Draft Financial Law for initial review. Here's what it means for the banking sector in China.

1️⃣ National People's Congress — Draft Financial Law submitted to the NPC Standing Committee for initial review
The comprehensive draft bill establishes a foundational legal framework designed to enhance financial services and banking oversight across the mainland.
This piece of legislation directly impacts all domestic and foreign financial institutions currently operating within the Chinese market today.
Regulators will continue the initial review process as the bill moves through subsequent stages of the legislative assembly this year.

2️⃣ National People's Congress — Revision of the People's Bank of China (PBOC) Law submitted for consideration
Proposed changes to the central bank's governing law focus on strengthening institutional mandates and modernizing banking supervision protocols.
The revisions specifically target the internal governance structures and the evolving relationship with the broader commercial banking sector in the region.
The Standing Committee is currently reviewing the proposal to determine the full scope of these necessary and timely legislative adjustments now.

3️⃣ Securities and Futures Commission — SFC Annual Report 2025-26 highlights diversified growth engines
The commission officially released its comprehensive yearly performance review which focuses on capital market resilience and high-quality growth strategies for the region.
This report directly affects asset managers and virtual asset service providers looking to scale operations within the Hong Kong capital markets.
Industry participants should carefully review the documented priorities to align their business models with the strategic vision for sustainable finance.

4️⃣ Treasury — New inflation figures show headline inflation fell to 4.0 per cent in May
Official government data confirmed a notable decrease in the consumer price index, which fell to a four percent annual rate during the previous month.
The cooling inflation data provides critical macroeconomic guidance for businesses and financial planners adjusting to the latest economic shifts in Australia.
The Treasury will continue to monitor subsequent data points to assess the long-term effectiveness of current monetary policy and settings.

5️⃣ Prime Minister's Office — Expansion of Paid Parental Leave to 26 weeks effective 1 July
The federal government is officially increasing the duration of paid leave entitlements to twenty-six weeks for all eligible parents across the entire nation.
Human resources departments and professional labor groups must prepare for the technical administrative changes taking effect at the beginning of next month.
Employers should update their internal workforce policies immediately to ensure full compliance with the new statutory leave and requirements.

Full analysis in the attached RegNext Daily Asia-Pacific Radar carousel.

— Elena Navarro · Managing Editor, RegNext
Daily Asia-Pacific Radar · Wednesday 24 Jun 2026
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