The public consultation period for China's draft Financial Law concluded on April 19. This draft represents the country's first comprehensive financial legislation, drawing market attention for its regulatory provisions. It grants financial authorities the power to access property information, communication records, and transaction data during investigations, and to freeze assets or restrict travel in specific situations. However, Zeng Gang, Director of the Shanghai Finance and Development Laboratory, noted that the draft pays limited attention to emerging issues such as AI in financial decision-making, the legal status of digital currencies, and the regulatory boundaries of crypto assets, indicating a need for further refinement in balancing regulation and innovation.