(Yicai  Global) March 5 -- China has moved to regulate potential listers on the  upcoming Shanghai science and technology board by making the local  financial court responsible for enforcing the country's securities and  company law.

Shanghai's financial court will handle all cases related to stock issuance and trading on the board, said Lv Hongbing, deputy head of the All China Lawyers Association.  He was speaking at the annual meetings of the National People's Congress  and the Chinese People's Political Consultative Conference, the  country's top political advisory body. 

Part  of the Shanghai Stock Exchange, the sci-tech innovation board is a  newly announced independent index boasting less stringent listing  requirements compared with the country's conventional A-share markets.

The  new board will strengthen the Chinese stock market's ability to serve  sci-tech innovation firms. The China Securities Regulatory Commission  officially released policy documents related to listings on the index on  March 1. 

Lv stated that all cases of fraudulent issuance and false statements  related to information disclosure would be handled by the courthouse.  The city's financial court will also take care of equity disputes  related to share transactions and administrative cases. 

The court can handle cases on a regional and even nationwide level, according to Lv.

Set  up last August, Shanghai's financial court is responsible for the  first-instance judgment of civil and commercial disputes in financial  sectors involving securities, futures and trusts. Such cases were  previously handled by the Shanghai Intermediate People's Court.

Shanghai's  financial court has heard 2,351 cases related to CNY35.5 billion  (USD5.3 billion) of assets as of February 20. Securities-related  disputes, including those involving financial lending and bond defaults,  make up close to two-thirds of the total. 

Editor: William Clegg