Supreme People's Court: Will Study Adjudication Rules for New Types of Cases Such as Virtual Currency

Odaily reports that the State Council Information Office held a series of themed press conferences on "Making a Good Start for the 15th Five-Year Plan," providing updates on the progress of "Comprehensively Advancing the Rule of Law."

Liu Guixiang, a full-time committee member at the vice-ministerial level of the Adjudication Committee of the Supreme People's Court and a second-grade grand justice, stated that the Supreme People's Court will conduct in-depth research on adjudication rules for new types of cases such as virtual currency and cross-border finance. It will also expedite the formulation of judicial interpretations regarding civil compensation for insider trading and market manipulation to ensure the stable operation of the capital market and safeguard the legitimate rights and interests of small and medium-sized investors.

Furthermore, he also stated that in response to new formats in the digital economy, the Supreme People's Court will research and formulate normative documents on judicial protection involving artificial intelligence cases and data property rights. It will also improve the adjudication rules concerning data ownership, data transactions, and AI-generated content.