Over the next five years, Chinese courts plan to enhance their capacity to handle foreign-related cases and improve the legal business environment, with the goal of establishing China as a preferred venue for resolving intellectual property and international commercial disputes, an official from the nation”s top court said on Wednesday.
During the 15th Five-Year Plan period (2026-30), courts nationwide will adhere to the principle of equal protection for all market participants by refining mechanisms to identify and correct wrongful convictions involving businesses and by stepping up efforts against the misuse of criminal or administrative measures in economic disputes, Liu Guixiang, a standing member of the Adjudication Committee of the Supreme People’s Court, said at a news conference.
Liu said the top court will also accelerate the release of judicial interpretations of the Company Law to better balance the interests of shareholders, creditors and other stakeholders, contributing to the development of a modern corporate system with Chinese characteristics.
In addition, Chinese courts will intensify their crackdown on financial crimes, with in-depth research to be conducted on adjudication rules for emerging cases involving virtual currencies and cross-border finance. Judicial interpretations on civil compensation for insider trading and market manipulation are also under consideration to safeguard the stability of capital markets and protect the rights of small and medium-sized investors, he added.
To support healthy business development and foster a law-based business environment, Chinese legislative, judicial and public security authorities have also pledged further efforts.
During the 15th Five-Year Plan period, “we will provide efficient legal services for Chinese companies expanding overseas, helping them make steadier and more substantial progress in global markets”, Vice-Minister of Justice Wu Zeng said at the news conference.
Huang Wei, vice-chairperson of the Legislative Affairs Commission of the National People’s Congress Standing Committee, said revisions to several key laws, including the Enterprise Bankruptcy Law, the Trademark Law and the Law on State-Owned Assets in Enterprises, are underway.
“All these legislative efforts aim to accelerate the establishment of a high-level socialist market economy system,” she said.
Chinese police are also steadily improving law enforcement practices and services for businesses. Vice-Minister of Public Security Yang Weilin said the measures include category-based inspections, reduced inspection frequency and more transparent procedures to minimize disruptions to normal business operations.
“We are opening communication channels between the police and businesses to promptly understand their opinions and suggestions regarding public security work,” he said. “In addition, targeted and timely legal training is being provided to help enterprises strengthen safety management, protect intellectual property rights, prevent fraud, optimize internal controls and enhance risk management capabilities.”
Yang also revealed that Chinese police are contributing ideas for a series of legislative measures, including those related to detention facilities and exit-entry administration, with the aim of improving the legal framework for public security and regulating police conduct.