On December 26, southern Chinese city of Shenzhen set up an intellectual property (IP) court and a financial court which were?inaugurated by Zhou Qiang, president of the Supreme People’s Court and other government officials. The two courts are located in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. The IP court is empowered by the Supreme People's Court to deal with IP cases under the jurisdiction of Shenzhen Intermediate People's Court. The financial court will handle financial cases other than those falling under the jurisdiction of community courts, and appeals. The move addresses the large and growing number of financial and IP cases in Shenzhen, a front-runner in the country in terms of finance and technological innovation.

Source: english.china.com