Boost judicial support for financial innovation along "Belt and Road"

By Jiang Xingguang ( Updated : 2016-08-24

Financial innovation along the "Belt and Road" should go hand in hand with promotion of international laws with related countries, said He Rong, vice president of the Supreme People's Court (SPC) of China.

He made the remarks when attending a "Belt and Road" investment seminar at the China Development Bank on Aug 23.

Establishing international legal rules is an integral part of a long-term, stable, sustainable and risk-controllable financial security system, according to He.

We should speed up development of widely-accepted common legal provisions and build a credible, fair and effective dispute-solving center for international disputes, said He.

We should also foster more legal talents with special expertise in international law and judicial practices, added He.

The SPC pays extraordinary attention to judicial services along the "Belt and Road", said He, adding that relevant rules and regulations have been made to maintain order in international financial transactions.

The next step will be field trips to create judicial policies on financial innovation involving the "Belt and Road" initiative at appropriate times.

The Justice Studies Center within the SPC will work closely with other government departments and institutions to deepen theoretical research and judicial practices.