Court specializing in finance proposed to be established in Beijing

A recent draft decision is recommending that a court specializing in hearing finance-related lawsuits be set up in Beijing. The draft decision on building the Beijing Financial Court was submitted to the Standing Committee of the National People’s Congress, China’s top legislature, for review on Wednesday. “Establishing such a specialized court is important to improve our legal system in regards to handling financial disputes, preventing financial risks and promoting high-quality economic development in the city,” said Zhou Qiang, president of the Supreme People’s Court, the nation’s top court. “It will also help the country increase its international influence in the…