On February 24, Wang Chuang, the Chief of the Civil Second Division of the Supreme People’s Court, stated at a press conference that by 2025, the Supreme People’s Court and the China Securities Regulatory Commission will jointly issue guidelines for judicial protection in the capital market. Throughout the year, courts across the country accepted 27,000 securities dispute cases, a 63.6% increase year-on-year. Efforts will be made to promote special representative litigation, legally support ordinary representative litigation, and fully implement demonstration judgment mechanisms, among other measures, to crack down on financial fraud and other illegal activities in the capital market. For example, the Nanjing Intermediate People’s Court concluded a special representative litigation case involving false statements by Jintongling Securities, recovering over 770 million yuan in economic losses for 43,000 investors, setting a benchmark case. (People’s Financial News)
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Supreme Court: By 2025, the nation's courts will handle 27,000 securities dispute cases, a year-on-year increase of 63.6%
On February 24, Wang Chuang, the Chief of the Civil Second Division of the Supreme People’s Court, stated at a press conference that by 2025, the Supreme People’s Court and the China Securities Regulatory Commission will jointly issue guidelines for judicial protection in the capital market. Throughout the year, courts across the country accepted 27,000 securities dispute cases, a 63.6% increase year-on-year. Efforts will be made to promote special representative litigation, legally support ordinary representative litigation, and fully implement demonstration judgment mechanisms, among other measures, to crack down on financial fraud and other illegal activities in the capital market. For example, the Nanjing Intermediate People’s Court concluded a special representative litigation case involving false statements by Jintongling Securities, recovering over 770 million yuan in economic losses for 43,000 investors, setting a benchmark case. (People’s Financial News)