Laying the Groundwork for China's Securities Class Action Legal System

January 21, 2021 | BY

Susan Mok

Liu Siyuan of Jingtian & Gongcheng Law Firm discusses the revised Securities Law and the rules issued by the Supreme People's Court that provide support for the implementation of a securities class action legal system in China, and the benefits and difficulties for investors and listed companies in future litigation.

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The class-action rules have attracted a lot of attention because this is the first time that class-action rules enacted in China and brought a significant increase in both cases and claimed amounts