China’s top court called for proper handling of shadow banking cases so as to prevent financial risk and promote healthy development of private investment, Xinhua news agency reported on Wednesday. Xi Xiaoming, vice president of the Supreme People’s Court, said recently that courts should prudently handle conflicts of interest and assignment of responsibility issues that have been triggered by reforms, in accordance with the law, the report said. Courts should promote elimination of excessive production capacity and integration of production factors through their handling of stock rights transfer, corporate litigation, bankruptcy, and reorganization cases, Xi added. Courts should also address the difficulty of financing small businesses by regulating financing methods, Xi was quoted as saying.
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