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President Zhao Hong Attended the First Hongkou·Ensuring High-Quality Development of the North Bund through Rule of Law Forum - the Seventh Session “Forum on the Rule of Law in Wealth Management”
[2022-10-12]

President Zhao Hong Attended the First Hongkou·Ensuring High-Quality Development of the North Bund through Rule of Law Forum - the Seventh Session “Forum on the Rule of Law in Wealth Management”

The first Hongkou·Ensuring High-Quality Development of the North Bund through Rule of Law Forum was held on October 9. Zhao Hong, Member of the Party Leadership Group, Secretary of the party Leadership Group of Shanghai High People’s Court, and President of Shanghai Financial Court, attended the forum on rule of law in finance - the seventh session titled “Forum on the Rule of Law in Wealth Management”, and delivered a speech.

Zhao Hong expressed warm congratulations on the convening of the forum, and gave heartfelt gratitude to all sectors of society for their care and support for Shanghai’s financial justice.

Zhao Hong pointed out that currently, Hongkou is building “Shanghai North Bund and Pujiang Golden Triangle” based on the new city layout, and the financial industry featuring wealth management has gradually become a new business card of the North Bund. The sound and steady development of the financial market is inseparable from the joint efforts of many parties, and has also put forward higher requirements for financial justice to help finance serve the real economy, prevent risks in the financial market, and make innovations based on the realities in the industry.

Zhao Hong said that Hongkou Court is one of the four courts in Shanghai with financial tribunals, and this year marks the 10th anniversary of the establishment of the Financial Tribunal of Hongkou Court. Over the past ten years, based on the principal work of financial trials, Hongkou Court has continuously explored new paths in the trial mechanism, and actively built a communication platform, providing a strong financial and judicial guarantee for the overall development of the region.

Zhao Hong emphasized that it is necessary to continue to embellish brand of Hongkou’s financial and judicial system by resolving financial disputes in a fair and efficient manner, thoroughly implementing the high-quality financial trial strategy, keeping breaking new grounds in the professional mechanism of financial trials, and striving to improve the judicial trial system commensurate with the development of the financial market. Efforts should be made to promote positive interaction in the field of financial justice by continuously strengthening communication on difficulties in trials, giving full play to the advantages of Hongkou’s discussion platforms, keeping increasing the publicity of financial rule of law, and responding to the needs of the market and the masses in a timely manner. It’s necessary to actively play the guarantee function of financial judicial services by supporting financial innovation, preventing systemic risks in the financial market, protecting the legitimate rights and interests of the people in accordance with the law, and promoting the financial market to continuously play a positive role in facilitating the increase of residents’ wealth.

Zhao Hong said that the forum was held on the occasion of the 20th CPC National Congress, which would provide intellectual support for the strategy of building the North Bund into a highland for global asset management, and contribute to the rule of law in building Shanghai international financial center. The forum is a solemn tribute from Shanghai financial justice to the 20th CPC National Congress. Shanghai financial justice will work with all walks of life to provide continuous support for the construction of Hongkou Asset Management Center and fully serve the high-quality development of Shanghai International Financial Center.

The forum showed the development of the financial tribunal of Hongkou Court over the past ten years, released the 2012-2022 White Paper on the Trial of Financial Cases in Hongkou Court and 2012-2022 Top Ten Cases of Financial Trial in Hongkou Court. The participants, focusing on the theme of “the legal path of building an asset management center”, conducted in-depth exchanges on topics such as “Research on the Legal Issues of Primary Liability Boundary in Asset Management Disputes” and “Research on Practical Issues in Product Infringement Disputes About Asset Management”.

Xuan Yizhou, Member of the Standing Committee of the CPC Hongkou District Committee, Secretary of the District Political and Legal Affairs Commission, and Director of the District Office for the Rule of Law, and Wang Yuzhan, Party Secretary and President of Hongkou Court attended the forum and delivered speeches. More than 40 representatives from political and legal institutions, financial law theory research departments, financial institutions and regulatory departments, and journalists participated in the forum.

 

 

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