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STORY: GUIDELINE UNVEILED TO SUPPORT SCI-TECH INNOVATION BOARD

CNC
Added On June 24, 2019

 STORY: GUIDELINE UNVEILED TO SUPPORT SCI-TECH INNOVATION BOARD

 
 
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China's top court has unveiled a comprehensive judicial document to guide the country's newly launched science and technology innovation board and IPO reforms.
 
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This is the first time the Supreme People's Court has set out a systematic and comprehensive judicial document for the capital market's fundamental system reform.
 
The guideline includes 17 measures regarding fields such as raising legal costs for irregular practices.
 
Specific requirements are laid out in the document to prevent and punish financial corruption and illegal behavior.
 
Further guiding measures will be released later covering civil compensation cases related to insider trading and market manipulation.
 
A securities civil litigation system will be developed and improved to serve the development of the registration-based IPO reform.