Financial courts in China usually belong to intermediate people's courts, which are equivalent to intermediate people's courts in prefecture-level cities.

The intermediate people's court is a level of the people's court system. The intermediate people's court is in the second instance position in the organizational system of the people's court and is an important part of the organizational system of the people's court. As a part of the Intermediate People's Court, the financial court is bound by relevant laws and regulations in judicial power and jurisdiction. The Financial Court is another major innovation of China's judicial system after the Internet Court and the Intellectual Property Court. In essence, the establishment of a financial court to provide professional financial judicial relief is not only a channel to achieve national justice, but also a financial service, which helps to enhance the country's right to speak in the construction of financial rules on a global scale. The Financial Court is an innovation of the judicial system in China after the Internet Court and the Intellectual Property Court. They specialize in hearing financial cases, including but not limited to securities, futures, funds, insurance, bills and other financial-related cases. The establishment of financial court not only improves the trial efficiency of financial cases, but also strengthens the financial supervision. At the same time, the establishment of the financial court also marks the new progress in the specialization and refinement of China's judicial system, and further enhances the international influence of China's judiciary.

At present, the established financial courts include Beijing Financial Court, Shanghai Financial Court and Chengdu-Chongqing Financial Court.

To sum up, the financial court belongs to the intermediate people's court in China, which is equivalent to the intermediate people's court in prefecture-level cities. Being in the second instance position in the organizational system of the people's court, it is an important part of the organizational system of the people's court. Its judicial power and jurisdiction are bound by relevant laws and regulations.

Legal basis:

Article 14 of the Civil Procedure Law of People's Republic of China (PRC): "Intermediate people's courts include: 1. Basic people's courts; 2. People's courts of autonomous counties, cities and districts; 3. People's courts of autonomous prefectures and leagues; 4. Intermediate people's courts of regions, regions and leagues; 5. People's courts of provinces, autonomous regions and municipalities directly under the Central Government; 6. Special people's courts. "

Article 152 of the Civil Procedure Law of People's Republic of China (PRC): "The people's court of second instance shall examine the relevant facts of the appeal and the applicable law."