The financial stability law (Draft for comments) was officially announced The reporter learned from the people's Bank of China on the 6th that the financial stability law (Draft for comments) drafted by the people's Bank of China and other departments will solicit opinions from the public from now on. For the first time, the draft defines the responsibilities of the national overall planning and coordination mechanism for financial stability and development (the financial commission of the State Council), and proposes to establish a disposal fund pool and a financial stability guarantee fund. Relevant people from the people's Bank of China said that at present, there are still deficiencies in the construction of financial rule of law, and there is a lack of overall design and cross industry and cross sectoral overall arrangement in terms of financial stability. It is necessary to formulate the financial stability law, strengthen the top-level design and overall coordination of the financial stability legal system, and make up for the weaknesses of financial risk prevention and control. In order to establish a long-term mechanism for maintaining financial stability, the people's Bank of China, together with relevant departments, has conducted in-depth research and repeated demonstration, and drafted the financial stability law of the people's Republic of China (Draft for comments). The draft proposes that the national financial stability and development coordination mechanism is responsible for coordinating financial stability, reform and development, studying major policies to maintain financial stability, and directing the prevention, resolution and disposal of major financial risks. At the same time, the draft for comments compacts the responsibilities of all parties for financial risk prevention, resolution and disposal, proposes to establish a disposal fund pool, and clarify the matching of rights, responsibilities and interests, fair and orderly disposal fund arrangement. In addition, the draft for comments clearly establishes a financial stability guarantee fund. According to relevant people of the people's Bank of China, the fund is composed of funds raised from financial institutions, financial infrastructure and other entities and other funds specified by the State Council. It is under the overall management of the financial commission of the State Council and is used for the disposal of major financial risks with systematic impact. In addition, the draft also makes it clear that the violations that lead to the occurrence and spread of financial risks will be held accountable and investigated for legal responsibility according to law. Relevant people from the people's Bank of China said that the draft for comments aims to establish and improve an efficient, authoritative, coordinated and powerful financial stability working mechanism, further strengthen the financial safety net, and resolutely hold the bottom line of no systemic risk. Next, the people's Bank of China will work with relevant departments to further revise and improve the draft financial stability law and cooperate with the legislature to promote follow-up work in accordance with legislative procedures. (outlook new era)