China Vows to Improve Anti-Sanctions Measures in Financial Law

China’s Vice Premier He Lifeng said Beijing will embed anti-sanctions provisions into its financial laws, vowing to counter what he called unreasonable foreign suppression.

Speaking at a Shanghai forum on Wednesday, He underscored explicit provisions in a draft financial law to block and counter “improper unilateral sanctions.” Without naming any country, He said authorities would push to add similar blocking and countermeasures into other financial legislation, expanding what he called China’s “financial legal toolbox.”

He Lifeng in Shanghai on June 17.

Photographer: Qilai Shen/Bloomberg

“We have never proactively provoked friction or manufactured confrontation with other countries,” He said. “But we are not afraid of trouble — we will never …