judicial interpretation Mainland China Translation unavailable

SPC Provisions on Representative Actions in Securities Disputes

最高人民法院关于证券纠纷代表人诉讼若干问题的规定

Judicial interpretation implementing ordinary and special representative litigation for mass securities disputes, including false statements, insider trading, and market manipulation.

Use It For

Use this with Kangmei, Zeda Yisheng, Feile Audio, Wuyang Bonds, and other investor-protection cases to explain how dispersed public investors aggregate securities claims.

Teaching Notes

The rule operationalizes Securities Law Article 95 and lets students compare opt-in ordinary representative litigation with the opt-out special representative mechanism.