China has announced new measures aimed at enhancing government financing guarantees and proposed amendments to the Private Economy Promotion Law. The amendments include provisions that prohibit fines on private companies unless there is a legal and regulatory basis for such penalties. This initiative reflects the government's ongoing efforts to support the private sector and foster a more favorable business environment. The proposed changes were highlighted in a recent draft reviewed by lawmakers, emphasizing that no organization should impose fees or fines on private economic entities without legal justification.