China's first financial law platform released soon

China's first online platform for searching overseas financial laws and regulations will open soon, in order to help build a sound business environment and promote high-level opening-up by the rule of law.

While enjoying the service for free, users such as market entities, financial regulators and judicial authorities can also download content and check or trace the sources of information on the platform.

The platform was initiated by the National Financial Regulatory Administration, China Securities Regulatory Commission, Beijing Financial Court and Bank of China during the Annual Conference of Financial Street Forum 2024, which was held in Beijing from Friday to Sunday.

The content on the platform aims to meet the needs of Chinese enterprises 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 involving finance.

In addition, users will learn international conventions on financial regulations, solutions to influential financial disputes and legal searches on financial issues on the platform.

Song Yi, vice-president of the court, emphasized the importance of the rule of law in building a sound business environment and advancing high-level opening-up. He added that providing a platform for market players to accurately find relevant legal documents in overseas investments and cross-border affairs is also a crucial guarantee for helping them solve foreign-related disputes.