In order to fully and faithfully implement the important remarks of General Secretary Xi Jinping on the work of rule of law in finance and the major deployment of the 20th CPC National Congress on the implementation of the overall national security outlook and to meet the requirements of the Supreme People’s Court on promoting the establishment of a normalized collaboration mechanism between financial justice and financial regulation, the Shanghai Financial Court released the Mechanism for Collaboration Between Financial Justice and Financial Regulation to Prevent and Eliminate Financial Risks (hereinafter referred to as the “Collaboration Mechanism”) and held the first collaboration meeting on March 29.
Jia Yu, Secretary of the Leading Party Members’ Group and President of the Shanghai High People’s Court, and Zhang Hua, Deputy Secretary of the Political and Legal Affairs Committee of the CPC Shanghai Municipal Committee, attended the event and delivered speeches. Zhao Hong, Secretary of the Leading Party Members’ Group and President of the Shanghai Financial Court, hosted the event and delivered a welcome speech.
At the release event, the Shanghai Financial Court, Shanghai Headquarters of the People’s Bank of China, Shanghai Regulatory Bureau of China Banking and Insurance Regulatory Commission, CSRC Shanghai Securities Regulatory Bureau, Shanghai MunicipalFinancial Regulatory Bureau, Shanghai Stock Exchange, Shanghai Futures Exchange, China Financial Futures Exchange, Shanghai Commercial Paper Exchange Corporation Ltd., Interbank Market Clearing House Co., Ltd., and China Securities Depository and Clearing Corporation Shanghai Branch jointly signed the Collaboration Mechanism. Zhao Hong introduced the main contents of the Collaboration Mechanism on behalf of all member institutions.
After the release event the first collaboration meeting was held, and representatives of five member institutions addressed the meeting. The meeting was hosted by Xiao Kai, Vice President of the Shanghai Financial Court. At the meeting, the trial work of the Court in 2022 was reported, and the typical cases of the Court in 2022 were released.
Wu Jinshui, Vice President of the Shanghai High People’s Court, attended the release event. More than 60 people, including Lin Xiaonie, Vice President of the Shanghai Financial Court, Wen Yong, Director of Political Department of the Court, representatives from financial regulatory agencies and financial infrastructures as the member institutions and from the court system, as well as journalists from news media, attended the meeting.
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