The revised draft of the Banking Supervision and Administration Law was submitted to the Standing Committee of the National People's Congress for a second review on August 25. The second draft review further compiles the responsibilities of banking supervisory and regulatory agencies to protect consumers in the banking industry, improves relevant systems, and specifically regulates illegal acts such as misappropriation of customer funds by banking financial institution employees that exist in practice. Specifically, the second draft review added provisions that the banking supervisory and regulatory agency under the State Council is responsible for coordinating the protection of consumer rights in the banking industry, establishing and improving the banking consumer rights protection system, and establishing and improving mechanisms for handling consumer complaints and diversified consumer dispute resolution mechanisms in the banking sector.

The revised draft of the Banking Supervision and Administration Law was submitted to the Standing Committee of the National People's Congress for a second review on August 25. The second draft review further compiles the responsibilities of banking supervisory and regulatory agencies to protect consumers in the banking industry, improves relevant systems, and specifically regulates illegal acts such as misappropriation of customer funds by banking financial institution employees that exist in practice. Specifically, the second draft review added provisions that the banking supervisory and regulatory agency under the State Council is responsible for coordinating the protection of consumer rights in the banking industry, establishing and improving the banking consumer rights protection system, and establishing and improving mechanisms for handling consumer complaints and diversified consumer dispute resolution mechanisms in the banking sector.