Construction And Perfection Of Class Action Lawsuit System For Securities Dispute

With the vigorous development of China’s securities market,a large number of investors flood into the securities market,promoting the prosperity of the market,and creating a hotbed of crime for dishonest profiteers.Investors in the field of securities in China and presents the form of a small majority,the legitimate rights and interests of the investors for investment amount after violations,litigation expenses and time cost of select submit to humiliation,give up the liability and compensation,but this allowed the offenders illegal behavior,lead to a large number of the legitimate interests of the investors cannot get effective protection.Lawbreakers can not be punished,justice nowhere to promote,resulting in a period of time since China’s capital market chaos,illegal cases occur from time to time.In view of this chaos,the state has taken corresponding measures,and the judicial system has made corresponding efforts in view of the infringement disputes in the securities market,and all sectors of society have reflected on how to better protect investors and punish offenders.Recently in our country’s most prominent achievements in the field of securities disputes class-action lawsuits are small and medium-sized investors service center has2018 v.Shanghai biological technology co.,LTD.,under the dispute resolution for confirm with 2021 small and medium-sized investors service center v.sig pharmaceutical false statements disputes,etc.,the former is the first investment service center "shareholder lawsuits" won the case,The latter is the first special class action lawsuit in China.This represents a significant breakthrough in the exploration of better investor protection in China.This paper will also analyze the two cases to understand the development of class action litigation in China’s securities disputes and further strengthen investor protection.July 2020 and promulgated by the Supreme People’s Court on some issues of securities disputes collective v.provisions in some provisions on the basis of elaboration and optimized the securities class action system in our country,further ensured the rights and interests of investors in the system,also has been clear about the scope of the punishment of offenders and penalties for tomb-sweeping capital market provides the system guarantee.However,the misunderstanding of civil litigations and the mainstream litigations in China still hinder the development of the securities litigation system,and the problems in the securities class action litigation have not been solved in China.So how to better truly protect the interests of investors and improve China’s securities dispute system will be the focus of this paper,but also hope that the future of the stock market can be more healthy and stable development.