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China’s first financial law platform will soon be available

China’s first online platform for searching foreign financial laws and regulations launched by National Financial Regulatory Administration, China Securities Regulatory Commission, Beijing Financial Court and Bank of China at conference Annual Financial Street Forum 2024. (Photo/financialstreetforum.com)

China’s first online platform for searching overseas financial laws and regulations will soon open, helping build a healthy business environment and promoting high-level opening-up through the rule of law.

While enjoying the service for free, users such as market entities, financial regulators and legal authorities can also upload content and verify or trace information sources on the platform.

The platform was launched by the National Financial Regulatory Administration, the China Securities Regulatory Commission, the Beijing Financial Court and the Bank of China at the Financial Street Forum 2024 annual conference, held in Beijing from Friday to Sunday.

The content of the platform aims to meet the needs of Chinese companies planning to go global, covering the main areas of their investments globally, such as the United States, the United Kingdom, the European Union, Japan, Singapore, Sweden, Australia and Kenya. .

So far, the platform has collected more than 800 laws and regulations in the financial field, including those on banking, securities and insurance, becoming the country’s first comprehensive and accurate judicial database regarding finance .

Additionally, users will learn about international conventions on financial regulation, solutions to influential financial disputes, and legal research on financial matters on the platform.

Song Yi, vice president of the court, stressed the importance of the rule of law in building a healthy business environment and promoting high-level openness. He added that providing a platform for market participants to accurately find relevant legal documents in overseas investment and cross-border business is also a crucial guarantee to help them resolve foreign-related disputes. .