BUSINESS China pushes forward diversified dispute-solving mechanisms in securities, futures

BUSINESS

China pushes forward diversified dispute-solving mechanisms in securities, futures

Xinhua

23:36, December 02, 2018

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(File photo: China Daily)

BEIJING, Dec. 2 (Xinhua) -- A guideline jointly released by China's securities watchdog and the top court has called for resolving securities and future disputes by law, in a just and efficient way.

The guideline by the Supreme People's Court and China Securities Regulatory Commission aims to protect the legitimate interests of investors and promote the healthy development of the capital market.

Contract and tort liability disputes resulted from investment in securities, futures and funds between natural persons, legal persons and unincorporated organizations are all included within the mediation scope.

For group disputes resulted from misrepresentation, insider trading or market manipulation, the court could choose several typical cases and make the judgment an example for diversified dispute reconciliation.

"This will lower cost in safeguarding rights and interests of investors and enhance efficiency in conflict reconciliation," according to the guideline.

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