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Law

Accelerating the Promotion of Multiple Financial Legislation Projects and Promoting High Quality Development through High Quality Financial Legislation

2024-02-06   

Financial legislation is an important component of the socialist legal system with Chinese characteristics. At present, there are a total of 300 effective laws in China, with a large proportion of laws in the financial field, highlighting the importance of financial legislation. Legislative planning is the overall blueprint for legislative work. The Legislative Plan of the Standing Committee of the 14th National People's Congress (hereinafter referred to as the "Legislative Plan") fully implements the major decisions and deployments of the 20th National Congress of the Communist Party of China, and determines a total of 130 legislative projects in the first and second categories. Among them, financial legislation accounts for nearly 30%. Recently, the Finance and Economics Committee of the National People's Congress held a symposium on legislative liaison and deliberation in Beijing, to study and deploy the implementation of the Legislative Plan and strengthen supervision of relevant legislative projects, in order to promote financial and economic legislation. The meeting stressed that we should conscientiously implement the legislative plan of the Standing Committee of the 14th National People's Congress, adhere to the Party's overall leadership over legislative work, adhere to the leading role of the National People's Congress in legislative work, adhere to the combination of legislation with law popularization and legal supervision, make progress while maintaining stability to promote high-quality development of financial legislation, and lay a solid foundation for the rule of law to promote Chinese path to modernization. Establish a contact mechanism. Among the 130 legislative projects in this Legislative Plan, 38 involve the Finance and Economics Commission, and 32 are under the responsibility of the Finance and Economics Commission for coordination and review. To implement the Legislative Plan, we must firmly grasp the key of improving the quality of legislation. It is crucial to leverage the leading role of the National People's Congress in financial and economic legislation to improve the quality of financial and economic legislation. There are many laws in the field of finance and economics, which involve a wide range of aspects and are interrelated and influential. Throughout the years, laws drafted by administrative departments have accounted for a large proportion, although overall they meet objective needs, they can also bring about problems such as "competing for advantages" or "being powerless" in resolving conflicting issues. Therefore, avoiding the "departmentalization of public interests and legalization of departmental interests" is a problem that needs to be paid attention to in financial legislation work. Based on practical work, since 2019, the Ministry of Finance and Economics has issued the Implementation Measures for Establishing a Contact Mechanism and Implementing Ledger Management for Legislative Projects included in Legislative Plans, strengthening communication with departments responsible for legislative tasks, guiding and supervising relevant departments to advance legislative tasks, and timely reporting on the progress of legislative work. The meeting proposed that the financial and economic legislation work should ensure the coordination and coordination between laws and the completeness of the legal system, enhance the systematic, holistic, and collaborative nature of legislation, and at the same time, coordinate with the institutional policies of macroeconomic governance, evaluate the effectiveness of legal issuance, and grasp the timing and effectiveness of legal issuance. Next, the Finance and Economics Commission will continue to adhere to the contact mechanism as the starting point, actively carry out work, strengthen investigation and research, intervene in advance, coordinate various interests, organize and carry out relevant legal review work, and promote new progress in financial legislation. Providing legal protection to adapt to the new situation, meet the requirements of high-quality development, and provide strong legal protection for reform and development is an important mission of financial legislation. The meeting emphasized that financial and economic legislation should particularly focus on breaking down deep-seated institutional and institutional barriers, promoting the standardized exercise of administrative power, breaking various forms of industry monopolies, departmental interests, and local protectionism, and protecting fair competition among all types of business entities in accordance with the law, steadily expanding regulations

Edit:Zhoushu Responsible editor:Jia Jia

Source:http://www.legaldaily.com.cn

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