Key facts
- Supreme People's Court pledged zero tolerance for financial crimes.
- Efforts will focus on punishing corporate fraud and protecting investors.
- The court cited a landmark investor class-action case against Jin Tong Ling Technology Group Co. Ltd.
China's top court has pledged zero tolerance for financial crimes, including market manipulation and illegal fundraising, as it seeks to bolster market confidence. The Supreme People's Court emphasized efforts to punish corporate fraud and protect investors. Beijing is aiming to restore confidence through closer regulatory coordination and stricter enforcement, as courts increasingly handle complex disputes involving cross-border transactions and new technologies. Wang Chuang, head of the No. 2 Civil Adjudication Tribunal of the Supreme People’s Court, cited a landmark investor class-action case against Jin Tong Ling Technology Group Co. Ltd. as an example of investor protection.