Financial regulatory reform to be expanded

This year is seen as a big turning point in building China's financial system, especially for the likely restructuring of the nation's financial regulatory framework to more effectively fend off systemic risks.

Experts are expecting more new rules to be discussed as legislators and political advisers meet in Beijing.

Financial risk prevention will be one of the key topics for the sessions of the National People's Congress and the Chinese People's Political Consultative Conference. It is one of the designated "three battles" by 2020 for ensuring high-quality economic growth.