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On what basis is the National Intelligence Law of the People's Republic of China formulated?

Constitution.

The "National Intelligence Law of the People's Republic of China" is a law enacted in accordance with the Constitution. This law aims to strengthen and protect national intelligence work and safeguard national security and interests. Adopted by the 28th Session of the Standing Committee of the 12th National People's Congress of the People's Republic of China on June 27, 2017, it will come into effect on June 28, 2017. This law emphasizes that national intelligence work should adhere to the overall national security concept, provide intelligence reference for major national decisions, provide intelligence support to prevent and resolve risks that endanger national security, and safeguard national power, sovereignty, unity and territorial integrity, people's welfare, and economy. sustainable social development and other major interests of the country.