Please provide the text that needs to be translated accurately and fluently into On May 27th, relevant officials from the Central Political and Legal Affairs Commission, the Legislative Affairs Commission of the National People's Congress, the Supreme People's Court, the Supreme People's Procuratorate, the Ministry of Public Security, and the Ministry of Justice introduced the relevant situation regarding the promotion of comprehensive law-based governance at a series of theme press conferences held by the State Council Information Office under the title of "Starting the '15th Five-Year Plan'". Among them, the legislative work arrangements for key and emerging fields such as finance, a unified large market, and artificial intelligence have attracted much attention from the market. 

Legislation in the financial sector is moving at a fast pace. Huang Wei, the deputy director of the Legislative Affairs Commission of the Standing Committee of the National People's Congress, stated at a press conference that the annual legislative work plan of the Standing Committee of the National People's Congress has been formulated and made public to the public this year. In terms of accelerating legislation in the financial sector, it is necessary to formulate the Financial Law and the Financial Stability Law, revise the Banking Supervision Law and the Law of the People's Bank of China, and at the same time, attention should also be paid to the research and argumentation of other legislative and amendment works in the financial sector. 

Biao Jixiang, the deputy ministerial-level full-time member of the Judicial Committee of the Supreme People's Court and a senior judge, stated that the courts will strengthen the collaborative governance of justice and financial supervision, legally support legal and compliant financing innovation models, and crack down on financial crimes. They will conduct in-depth research on the judgment rules for new types of cases such as virtual currencies and cross-border finance, and quickly formulate judicial interpretations on civil compensation for insider trading and market manipulation to ensure the stable operation of the capital market and effectively safeguard the legitimate rights and interests of small and medium-sized investors. 

To promote scientific and technological innovation and advance the construction of a technological power nation, Vice Minister of Justice Wu Zeng stated that this year, efforts will be made to accelerate the comprehensive legislation for the healthy development of artificial intelligence, as well as the legislation for the low-altitude economy. Liu Guixiang also said that the courts will focus on emerging industries and, in response to new forms of the digital economy, will study and formulate normative documents concerning the judicial protection of artificial intelligence and data property rights. The rules for adjudicating issues related to data ownership, data transactions, and AI-generated products will be improved to help complete the basic institutional framework for data elements and promote the deep integration of digital technology and the real economy. At the same time, attention will be paid to key cutting-edge technologies, and judicial protection of intellectual property rights will be strengthened, with severe punishment for malicious infringement and repeated infringement behaviors. 

In terms of creating a legal environment for business operations, Wu Zeng introduced that this year the Ministry of Justice will formulate a national unified market construction regulation, using legal systems to forcefully remove the obstacles and bottlenecks that hinder the construction of a unified national market. Liu Guixiang stated that the courts will implement the Promoting Private Economy Law, and legally protect the legitimate rights and interests of all types of business entities. They will focus on addressing issues such as the use of criminal and administrative means to interfere with economic disputes, especially addressing issues of seeking benefits and irregular cross-regional judicial practices. They will also establish a regular mechanism for preventing and correcting wrongful cases. 

Liu Guixiang also disclosed that the Supreme People's Court will accelerate the formulation of judicial interpretations on the Company Law, emphasizing the application of the company legal system, and legally balancing the interests of various parties including company shareholders and creditors, in order to promote the improvement of the modern enterprise system with Chinese characteristics. At the same time, it will strengthen bankruptcy trial work, enabling "zombie enterprises" to "exit smoothly and be liquidated quickly", and "distressed enterprises" to "be treated early and saved successfully", thereby promoting the optimization of market resource allocation and the effective revitalization of enterprises. 

Persisting in comprehensively promoting scientific legislation, strict law enforcement, fair judicial practice, and universal law observance is an important part of comprehensively governing the country by law. "We will pay more attention to the synergy between law and reform, development, and stability, and pay more attention to ensuring and promoting social fairness and justice," said Teng Jiguo, deputy secretary-general of the Central Political and Legal Affairs Commission, at the press conference. We should comprehensively promote the legalization of all aspects of the country's work and fully leverage the guarantee role of law in establishing the foundation, stabilizing expectations, and promoting long-term development. Good laws are the prerequisite for good governance. During the "14th Five-Year Plan" period, China will accelerate the formation of a complete legal norm system. "We should strengthen legislation in key areas, emerging fields, and areas involving foreign affairs, and improve the rapid response mechanism for matters that are strongly demanded by the people and urgently needed in practice." 

The vitality of the law lies in its implementation. During the "14th Five-Year Plan" period, China will strengthen law enforcement in key areas that directly affect the interests of the people. Teng Jiguo further pointed out that China will legally punish illegal and criminal activities such as telecommunications and online fraud, pornography and gambling, drug trafficking, illegal fundraising, and financial fraud that are strongly criticized by the people. At the same time, efforts will be made to standardize administrative law enforcement, clarify and unify the benchmarks for administrative discretion, and comprehensively promote strict, standardized, fair and civilized law enforcement. 


In 2026, the government's legislative work will be comprehensively strengthened to provide strong legal guarantees for a good start of the "15th Five-Year Plan". 

One is to formulate regulations for the construction of a unified national market. Through the establishment of legal and institutional frameworks, we aim to remove the obstacles and bottlenecks that hinder the construction of a unified national market. 

Second, promote scientific and technological innovation and drive the construction of a strong technological nation. Accelerate the formulation of comprehensive legislation for the healthy development of artificial intelligence, as well as legislation for the low-altitude economy, etc. 

Thirdly, we will ensure and improve people's livelihood, better meeting the legal needs of the people in terms of food, housing, healthcare, transportation and other aspects. Administrative regulations will be formulated and implemented in areas such as water supply, medicines, housing safety, healthcare, and transportation. 

Fourth, we will further strengthen foreign-related legislation to ensure high-level opening-up. We will revise laws and regulations such as the Customs Law and the Regulations on Foreign Labor Service Cooperation, steadily expand system-based opening-up, and safeguard China's sovereignty, security and development interests. 


Source: Guangming Network, Shanghai Securities News, Intellectual Property Frontier