The Supreme People’s Court says the extraterritorial application of China’s financial laws would help further open up the domestic market. Photo: Shutterstock The Supreme People’s Court says the extraterritorial application of China’s financial laws would help further open up the domestic market. Photo: Shutterstock
The Supreme People’s Court says the extraterritorial application of China’s financial laws would help further open up the domestic market. Photo: Shutterstock

China’s new financial court given jurisdiction to handle lawsuits involving overseas firms

  • Extraterritorial application of China’s financial laws said to play a role in further opening up the domestic market
  • Announcement comes as China’s overseas financial interests are increasing rapidly, and as Chinese companies have been targeted by American sanctions

Topic |   US-China relations
The Supreme People’s Court says the extraterritorial application of China’s financial laws would help further open up the domestic market. Photo: Shutterstock The Supreme People’s Court says the extraterritorial application of China’s financial laws would help further open up the domestic market. Photo: Shutterstock
The Supreme People’s Court says the extraterritorial application of China’s financial laws would help further open up the domestic market. Photo: Shutterstock
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