BEIJING -- A draft law on anti-telecom and online fraud has been submitted to the ongoing session of the National People's Congress Standing Committee for the first reading on Tuesday.

The draft proposes real-name registration and login in telecom and internet service and calls for strengthening punishment against illegal selling, renting, and lending of telecom, Internet of Things, financial and online accounts.

The State Council should establish a joint mechanism to coordinate the fight against telecom and online frauds, the draft states, urging relevant departments to work closely across multiple fields and regions to effectively prevent such crimes.

Public security organs should work with financial institutions and payment service providers to stop victims from making payments to the suspects' accounts, freeze funds related to the fraudulent activities, and retrieve the money, according to the draft law.

It also urges diplomatic and police authorities to promote international cooperation in combating cross-border telecom and online frauds.