Draft laws on securities investment fund and transportation safety will be submitted for deliberation at the fifth meeting of the 10th Standing Committee of the National People's Congress (NPC), which opened here Thursday.
Chairman Wu Bangguo of the NPC Standing Committee presided over today's meeting.
The two draft laws have been deliberated by the NPC Standing Committee for several times previously.
According to Hu Guangbao, vice-chairman of the NPC Law Committee, the current version of the draft law on transportation safety provided specific management over vehicles for agricultural uses while insisting transportation departments exercise unified management over all vehicles.
Besides, it limited the precondition in conducting safety checks over vehicles to the necessity of only car license and the compulsory insurance policy on the third party responsibility and in the meantime included a special item to offer reasonable awards to law-biding drivers.
According to Wang Yiming, another vice-chairman of the NPC Law Committee, the current draft law on securities investment fund aims to improve both the quality and stability of the securities management companies and their executives.
"The law bears great significance in standardizing the investment of securities and funds, safeguarding the investors' legitimate rights and interests and ensuring the healthy growth of the securities market," said Wang.

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