China’s Top Court Vows Tougher Action on Financial Crimes
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Wang Chuang, head of the No. 2 Civil Adjudication Tribunal of the Supreme People’s Court, cited a landmark investor class-action case against Jin Tong Ling Technology Group Co. Ltd. as an example of investor protection.
China’s top court pledged zero tolerance for financial crimes, from market manipulation to illegal fundraising, as it emphasized efforts to punish corporate fraud and protect investors.
The warning, delivered at a major financial forum, comes as Beijing seeks to restore market confidence through closer regulatory coordination and stricter enforcement. Courts are also handling increasingly complex disputes involving cross-border transactions and new technologies.
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