Court sets up team to spur innovation in financial justice

The Shanghai Financial Court on Tuesday established a team of judges dedicated to analyzing novel cases overseas as well as translating the progress of domestic financial justice to further facilitate exchange in this area at home and abroad.

The team will focus on cutting-edge financial cases from abroad, learning from them so as to spur development in China's financial justice system, the court said.

The team of 25 judges and judge assistants was established to assist in solving domestic problems with a global perspective, according to the court.

"When the court handles new complicated cases, the team's job is to help the judges promptly and comprehensively learn about the judicial opinions overseas and ensure that our court decisions abide to the country's law and international financial regulations," said Zhao Hong, Party head and president of the court.

The team will also translate and communicate typical cases in Shanghai to convey China's judicial concepts to the international law community.

"It is the latest initiative by the court to legally safeguard Shanghai's quest to become an international financial center and elevate the international influence of China's financial justice," Zhao said.

With an average age of 33, the team members each hold at least a master's degree in law. Many were educated overseas and are fluent in English and other foreign languages.