Officials call for specialist courtto deal with financial disputes

Top industry officials are suggesting a strengthening of the laws surrounding financial disputes as the country's financial reforms deepen and the sector prepares for the launch of the new registration-based listing system later this year.

Gui Minjie, chairman of the Shanghai Stock Exchange, submitted a proposal during the annual session of the National Committee of the Chinese People's Political Consultative Conference suggesting the setting up of a specialized financial court in the city.

The proposal was made as China continues to broaden its financial reforms, especially those aimed at attracting international players into the market.