金融法治协同持续增强

Core Viewpoint - The 2025 Financial Street Forum emphasizes the importance of advancing financial development through legal frameworks, highlighting the need for a robust financial legal system to support the construction of a financial powerhouse [1]. Group 1: Financial Legal System Development - The National People's Congress (NPC) is prioritizing financial legislation, including the formulation of a Financial Stability Law and amendments to the Banking Supervision Law [1]. - There is a call for enhanced research on foreign-related legal issues in finance to safeguard national financial security and promote high-level opening-up [1]. Group 2: Securities Dispute Resolution - The Beijing Financial Court has accepted 10,942 securities commercial cases from March 2021 to August 2025, with securities disputes accounting for 44.47% of its civil and commercial case filings [2]. - The court has handled 1,080 foreign-related cases involving 38 countries and regions, with securities misrepresentation and financial contract disputes being the most common types [2]. Group 3: Investor Protection and Fund Management - The rapid evolution of the private equity fund industry has led to challenges in governance and liquidation, prompting the China Securities Investment Fund Industry Association and the Beijing Financial Court to issue guidelines to protect investor rights [2]. - The court has introduced a dual-track dispute resolution mechanism to lower investor protection costs, including representative litigation and demonstration judgment mechanisms [3]. Group 4: Judicial Support for Capital Markets - Recent court rulings have clarified the legitimacy of investor representation in litigation when fund managers are unresponsive, addressing the "no one to perform duties" dilemma [3]. - The Beijing Financial Court has implemented innovative methods for loss calculation and has released guidelines to combat securities violations, clarifying responsibilities and regulating trading behaviors [3].