Core Viewpoint - The financial sector in Shanghai is accelerating its development as an international financial center, necessitating robust legal safeguards for high-level financial openness [2][3]. Group 1: Legal Framework and Financial Innovation - The vitality of finance relies on liquidity and innovation, while safety and order require legal regulation and judicial protection [1]. - Financial law must combine adherence to principles with innovation, focusing on serving the real economy and filling regulatory gaps in emerging financial practices [1]. - There is a need for a legal framework that supports international financial cooperation and facilitates the sharing of judicial experiences [2]. Group 2: Judicial Experience and Mechanisms - Shanghai Financial Court emphasizes the importance of typical case trials and has innovated mechanisms for financial trial execution, including a digital court system [2]. - The establishment of a financial market case testing mechanism aims to enhance the quality and efficiency of cross-border financial dispute resolution [2]. - The court is actively participating in international financial market rule governance to support China's financial system openness [2]. Group 3: Challenges and International Cooperation - Current financial market developments present new challenges such as data security, regulatory coordination, and investor protection, necessitating enhanced international judicial cooperation [3]. - The Supreme People's Court plans to strengthen research on emerging financial disputes and coordinate efforts to mitigate financial risks [3]. - The goal is to transform Chinese financial judicial experiences into international references [3].