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China’s financial superpower ambitions get legal backing at ‘two sessions’

Two new laws may prove wide-ranging, spanning yuan’s global status to green finance and turning ambition into codified rules, analyst says. In its work report delivered on Monday, the National People’s Congress Standing Committee, the country’s top legislative body, said it would also amend existing laws, including the People’s Bank of China Law and the Banking Supervision and Management... [784 chars]

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