Central Committee of the Communist Party of China: Improve the rules for handling financial disputes in emerging fields such as digital currencies

On July 14th, according to Xinhua News Agency, the Central Committee of the Communist Party of China issued opinions on strengthening trial work in the new era, which mentioned strengthening financial trial work. Strictly punish financial crimes such as market manipulation, insider trading, illegal fundraising, loan fraud, and money laundering in accordance with the law, strengthen the coordinated governance of illegal intermediaries in the financial sector, and promote the healthy development of the financial market. We will improve the rules for hearing financial disputes in emerging areas such as digital currency, mobile payment, Internet finance and cross-border financial asset transactions. Establish a sound mechanism for linking administrative law enforcement and judicial trials in the financial sector.