China has unveiled a draft law on financial stability, which will be open for public opinion starting Wednesday, the central bank said. The draft, jointly compiled by the People's Bank of China and other authorities, clarified the responsibilities of the mechanism for coordinating national financial stability and development. It also proposed setting up a guarantee fund for financial stability.

中国人民银行会同有关部门深入研究、反复论证，起草了《中华人民共和国金融稳定法（草案征求意见稿）》，4月6日向社会公开征求意见。草案征求意见稿首次明确国家金融稳定发展统筹协调机制（国务院金融委）职责，提出设立金融稳定保障基金。

The draft aims to establish and improve an efficient, authoritative and well-coordinated working mechanism for financial stability, further strengthen the financial safety net and forestall systemic risk.
央行指出，草案征求意见稿旨在建立健全高效权威、协调有力的金融稳定工作机制，进一步筑牢金融安全网，坚决守住不发生系统性风险的底线。