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

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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