The annual report on the work of the Standing Committee of the National People's Congress, China's top legislative body, has outlined plans to formulate and amend several legislative items related to emerging and economic sectors, aiming to enhance the socialist legal system with Chinese characteristics.

The report was delivered on Monday by Zhao Leji, chairman of the NPC Standing Committee, at the second plenary meeting of the ongoing fourth session of the 14th NPC. President Xi Jinping and other Party and State leaders attended the meeting.

To advance the rule of law, the report emphasized that the NPC Standing Committee will focus on aligning legislation with efforts to deepen reform, promote development and ensure stability, while prioritizing social fairness and justice.

In support of the 15th Five-Year Plan (2026-30), the NPC Standing Committee aims to bolster legislation in key, emerging and foreign-related areas, striving to improve the quality of legislative work, Zhao said.

To foster a high-standard socialist market economy, the report indicated that there are plans to enact a State-owned assets law and revise several other laws, including the Enterprise Bankruptcy Law, the Tax Collection and Administration Law, the Trademark Law and the Pricing Law.