Specifically: 1. Financial loans, bills, letters of credit, securities, futures, insurance, financial leasing, pawn, financial arbitration and other financial and commercial cases. Under the jurisdiction of the Shanghai Intermediate People's Court; 2. The first trial, second trial and retrial of financial administrative cases under the jurisdiction of Shanghai Intermediate People's Court, in which the financial supervision organ is the defendant; 3. New, significant and complicated first-instance financial and commercial cases and financial and administrative cases in Shanghai; 4. The relevant judicial interpretation of the Supreme People's Court designates the Shanghai Intermediate People's Court to be under the jurisdiction of the first instance civil and administrative cases caused by Shanghai Stock Exchange, Shanghai Branch of China Securities Depository and Clearing Co., Ltd. and Shanghai Futures Exchange as defendants or third parties performing their duties.
Appeals against the judgments and rulings of the Shanghai Financial Court shall be under the jurisdiction of the Shanghai Higher People's Court. Shanghai No.1, No.2 and No.3 Intermediate People's Courts no longer have jurisdiction over financial and commercial cases and financial administrative cases.
To determine the jurisdiction, we should mainly adhere to the principle of strict compliance with the law, easy to understand and apply, and serve the overall situation of development, highlight the special responsibilities of financial courts, unify the standards of judicial adjudication, strengthen the direct docking between courts and financial supervision departments, and prevent financial risks. After the the National People's Congress Standing Committee (NPCSC) deliberated and passed the Draft Decision, the Supreme People's Court will also issue relevant judicial interpretations to further clarify the jurisdiction of the Shanghai Financial Court.
In order to ensure the full play of the functions of Shanghai Financial Court, Shanghai Financial Court will continue to improve supporting measures, establish and improve the expert assistance system for financial trials, strengthen the construction of diversified settlement mechanisms for financial dispute cases, strengthen the construction of big data resource database for financial cases and the construction of information sharing mechanism for financial risk prevention, and improve the financial judicial research mechanism and think tank construction to ensure that the reform achieves the expected results.