China's top legislative body, the Standing Committee of the 14th National People's Congress (NPC), is set to deliberate on a pivotal amendment to the Foreign Trade Law during a six-day session starting December 21, 2025. The draft revision introduces measures to modernize cross-border financial services, aiming to streamline international trade mechanisms and bolster economic integration.
The proposed changes emphasize the development of digital payment systems, currency settlement frameworks, and risk management tools tailored for global commerce. A spokesperson for the NPC Standing Committee's Legislative Affairs Commission stated Friday that the amendments will 'provide legal safeguards for innovative financial practices while maintaining market stability.'
Analysts suggest the reforms could enhance the Chinese mainland's appeal to overseas investors, particularly in e-commerce and technology sectors. The timing aligns with broader efforts to stabilize foreign trade growth amid shifting global supply chains. If passed, implementation is expected to begin in early 2026 following further consultations with industry stakeholders.
