Court Overview
2022.04.24

The 17th Meeting of the Central Committee for Deepening Overall Reform reviewed and adopted the Plan for the Establishment of the Beijing Financial Court on December 30, 2020. At the meeting, it was emphasized that establishing the financial court was an essential measure to facilitate and secure the implementation of national financial strategies, foster a sound financial environment based on the rule of law, and push forward healthy economic development. As the national center for financial administration, Beijing needs to establish a financial court with high benchmark and high standards, to perform centralized jurisdiction over financial cases in light of local functions and characteristics, promote systematic and institutional reform of the financial case adjudication, and improve the professional level of financial case adjudication. Under the auspices and guidance of leaders at all levels, the Beijing Financial Court was officially inaugurated on March 18, 2021.

The Beijing Financial Court is set up with the same standard as an intermediate peoples court of a municipality directly under the Central Government. There are currently seven divisions within the court: Case-Filing Division (Adjudication Management Office), the First Division, the Second Division, the Third Division, Enforcement Department, Political Department (Judicial Police Branch), and General Office.

The Beijing Financial Court mainly has jurisdiction over civil and commercial cases on finance, finance-related administrative cases, and enforcement cases that should be accepted by an intermediate people’s court within the jurisdiction of Beijing. Moreover, it exercises cross-border and cross-regional centralized jurisdiction over cases where overseas companies jeopardize the legitimate rights and interests of domestic investors and relevant disputes over securities involving the select listed companies in the National Equities Exchange and Quotations (NEEQ). In addition, it performs jurisdiction over administrative litigation and non-litigation cases involving administrative enforcement arising from the performance of financial regulation duties by national financial authorities, including the People’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange, etc.

The first batch of 25 judges consists of 15 male judges and 10 female judges, all of whom are CPC members with an average age of 41.7. In terms of academic background, 11 of them hold doctoral degrees and 13 of them hold master’s degrees. As for judicial practice competence, there are two national adjudicatory experts, eight Beijing adjudicatory experts (judicial practice research experts), and seven models in various adjudicatory practices. They have more than 12-year case-handling experience on average. Five judges belong to judicial teams that were rated as the Model (Leading) Judicial Teams of Courts in Beijing. With respect to honorary titles and awards, one was awarded National Outstanding Judge, two were awarded Beijing Model Judge and three were awarded Exemplary Judge of Courts in Beijing. 13 of them won awards in activities organized by the Supreme People’s Court for national paper discussion, and excellent case selection, etc.