China Justice Observer


EnglishArabicChinese (Simplified)DutchFrenchGermanHindiItalianJapaneseKoreanPortugueseRussianSpanishSwedishHebrewIndonesianVietnameseThaiTurkishMalay

China to Set up Beijing Financial Court - China Legal News

Sun, 07 Feb 2021
Categories: China Legal Trends



In January 2021, the Decision on Establishing the Beijing Financial Court was adopted by the NPC Standing Committee. Following Shanghai Financial Court, Beijing Financial court becomes the second of its kind in China.

On the morning of Jan. 22, the Decision on Establishing the Beijing Financial Court (the Decision, 关于在北京设立金融法院的决定) was adopted at the 25th Session of the Standing Committee of the 13th National People's Congress.

Pursuant to the Decision, the institutional setup of tribunals in Beijing Financial Court is to be decided by the Supreme People’s Court (SPC), based on the types and the number of financial cases.

Following Shanghai Financial Court established in 2018, Beijing Financial court will be the second of its kind in China.

Beijing Financial Court is a specialized court at the same level as other intermediate courts in Beijing.

Beijing Financial court has special jurisdiction over financial civil and commercial cases and financial administrative cases that should be under the jurisdiction of the intermediate court in Beijing. Any appeal filed by a party against a first-instance judgment or order made by the Beijing Financial court shall be heard by Beijing High People's court.

SPC will issue relevant judicial interpretations to further clarify the jurisdiction of Beijing Financial court.

Justice Zhou Qiang (周强), President of the SPC, said that the establishment of Beijing Financial court has the following functions:

(1) to improve the financial trial system of Chinese courts;

(2) to prevent and resolve systemic financial risks;

(3) to promote the development of Beijing’s economy in high quality; and

(4) to increase the international influence and voice of China's judicature in finance sector.

Contributors: Yanru Chen 陈彦茹

Save as PDF

You might also like

SPC Publishes Typical Cases on Public Security Crimes

In April 2024, China's Supreme People's Court (SPC) released five typical cases illustrating crimes against public security, emphasizing clarifications on trial criteria and sentencing principles, featuring a case involving serious injuries from objects thrown off a high-rise building.

Beijing Court Upholds Workers' Right to Offline Rest

The Beijing No. 3 Intermediate People's Court ruled that workers are entitled to overtime pay for “invisible overtime work” conducted via social media outside of working hours, protecting their right to “offline rest”.

China Revises State Secrets Protection Law

China’s national legislature, the National People’s Congress, revised the State Secrets Protection Law to enhance information classification, secrecy in technological innovation, and precise protection of state secrets, effective May 1, 2024.