Shanghai Financial Court: From 2018 to 2024, accepted 18,000 cases of securities fraud with a total amount of 7.646 billion yuan.

On August 20th, on the occasion of the seventh anniversary of the establishment of the Shanghai Financial Court, the Shanghai Financial Court officially released the "Report on Legal Risks Prevention of Securities False Statement Liability Disputes". The report points out that from 2018 to 2024, the Shanghai Financial Court has accepted a total of 18,040 cases of securities false statement liability disputes, with a total amount of 7.646 billion yuan and a total of 26,956 investors. It is worth mentioning that with the active role played by the Shanghai Financial Court's pre-litigation diversification resolution mechanism and representative litigation mechanism, the number of cases accepted each year has decreased from the peak of 4,354 cases in 2021 to 914 cases in 2024, effectively alleviating the backlog of lawsuits.