To safeguard the establishment of the Science and Technology Innovation Board and the pilot implementation of the registration-based IPO system by the Shanghai Stock Exchange, the Shanghai Financial Court has, on a pilot basis, exclusive jurisdiction over first-instance civil and commercial cases, such as disputes involving securities issuance, securities underwriting contracts, sponsor contracts for listing of securities, securities listing contracts, and liability for securities fraud with respect to companies that make an IPO and go public on the Science and Technology Innovation Board, as explicitly required the Supreme People’s Court.
Copyright (c) 2018 Shanghai Financial Court China Disclaimer