Shanghai Financial Court Holds Expert Seminar on Financial ¡°Five Major Tasks¡±

   Recently, the Shanghai Financial Court held an expert seminar to solicit opinions on the Several Opinions of Shanghai Financial Court on Serving and Safeguarding the Development of the Financial ¡°Five Major Tasks¡± (Draft for Comment) (hereinafter referred to as the Several Opinions) and accompanying typical cases. Ten experts and scholars from financial regulatory bodies, major financial infrastructure institutions, universities, and research organizations gathered for in-depth discussions, contributing intellectual support to help financial adjudication more effectively serve the national financial strategy.

The participants highly praised the Court¡¯s forward-looking planning and proactive efforts in being the first to formulate judicial guidelines for supporting the development of the financial ¡°Five Major Tasks.¡± They acknowledged the Court's outstanding contributions¡ªas the nation¡¯s first specialized financial court¡ªto financial reform and opening-up, as well as to the broader goals of economic and social development. The Several Opinions represent another key initiative by Shanghai Financial Court to underpin financial reform and opening-up, characterized by distinct practical orientation, problem awareness, and innovative thinking. The accompanying typical cases reflect prominent legal disputes arising from the advancement of the financial ¡°Five Major Tasks,¡± offering exemplary guidance for balancing financial innovation and risk prevention. Drawing on frontline regulatory experience, market operation challenges, and theoretical research trends, the experts and scholars put forward forward-looking and targeted recommendations on relevant legal issues.

Gu Quan, member of the Party Leadership Group and Vice President of Shanghai Financial Court, emphasized that advancing the financial ¡°Five Major Tasks¡± constitutes a key priority in aligning financial services with the real economy, a pivotal lever for building China into a financial powerhouse, and a significant opportunity for high-quality financial development. He noted that as the forefront of financial innovation, the advancement of the ¡°Five Major Tasks¡± may give rise to new types of disputes and legal issues, placing higher demands on financial adjudication to provide clear regulatory guidance. The Several Opinions and accompanying typical cases represent concrete measures by the Shanghai Financial Court to implement the Central Committee of the Communist Party of China¡¯s major decisions on financial work and safeguard financial innovation through the rule of law. These initiatives aim to bolster the high-quality development of the ¡°Five Major Tasks¡± by enhancing the guiding role of judicial rulings, improving trial and enforcement efficiency, and establishing robust service guarantee mechanisms.

Gu expressed his appreciation for the active participation and valuable insights from the attending experts and scholars. He stated that Shanghai Financial Court would systematically review, thoroughly study, and fully incorporate the expert recommendations to refine the Several Opinions into a high-quality document demonstrating political vision, legal rigor, and professional depth. The court will also polish the typical cases into exemplary precedents that effectively regulate market conduct and stabilize market expectations, thereby providing robust judicial safeguards for building China into a financial powerhouse and advancing Shanghai's international financial center initiative.

The seminarwas attended by Shan Suhua, member of the Party Leadership Group and Vice President of Shanghai Financial Court; representatives from collaborative mechanism member units including the Shanghai Head Office of the People's Bank of China, the Shanghai Regulatory Bureau of the National Financial Regulatory Administration, the Shanghai Bureau of the China Securities Regulatory Commission, the Shanghai Stock Exchange, and the Shanghai Data Exchange; as well as experts and scholars from partner institutions such as Peking University, Fudan University, Wuhan University, Shanghai University of Finance and Economics, and Tongji University. Also present were heads of relevant departments from Shanghai Financial Court.