China’s NPC Standing Committee closes 25th session, passes procuratorial public interest litigation law and anti-cross-border corruption law

The anti-cross-border corruption law is the item with the clearest market relevance: it formalizes a legal channel for pursuing assets and conduct across borders, which matters for anyone assessing how Chinese enforcement reach is changing. The removal of the industry minister during the same session is a reminder that personnel and policy signals can land together, complicating sector-level reading. Whether the new legal tools translate into observable enforcement activity is the open question.