Next step in optimizing the legal framework  As China’s financial reform is accelerating, the task of preventing financial risks has become more important and challenging. Given the innate risks associated with the financial sector, the legal framework for the sector cannot eliminate all financial risks once and for all.
Despite  their  distinct  character,  there  is  also  a  close  interconnection between monetary policy and financial stability that must not be underestimated. Many emerging economies have experienced episodes of macroeconomic weaknesses, which have intensified due to financial crises.