Class Action in China?—Representative Litigation

Abstract

AbstractIn China, representative litigation is a system in which some members represent all members of the plaintiff in litigation, but the court judgment will be legally binding on all members being represented. There are similarities between China’s representative litigation and the class action in some other countries. There were few representative litigation cases in China due to the lack of detailed legal provisions and other reasons. However, in 2020, China formulated more detailed legal provisions on the representative litigation system in the securities field. So far, China has established a set of complete and operable representative litigation rules for securities disputes. We expect to witness a gradual increase in the number of representative litigation cases in China, especially in the securities field.