On Sep 28, Singapore Management University (SMU) — Fudan University Webinar Series: “New Developments in Advanced Legal Education”, the first in a series, was successfully held, themed commercial and financial law.

Professor Goh Yihan, dean of SMU School of Law (SOL), Professor Wang Zhiqiang, dean of Fudan University Law School delivered opening remarks. The Webinar was moderated by Zhang Wei, associate dean of SMU SOL and Chen Li, associate dean of Fudan University Law School, and was presented by Dr. Chris Chen, associate professor of SMU SOL, Dr. Aurelio Gurrea-Martínez, assistant professor of SMU SOL, Xu Duoqi, Professor of Fudan University Law School and Ge Jiangqiu, assistant professor of Fudan University Law School. They made theme reviews on today’s four subjects and commented each other.

First, Dr. Chris Chen presented a theme report on technology and finance law. Chen provided a general theoretical overview of the role of technology in evolution of financial law and actors in the process. In relation to insurance, Chen briefly examined the impact insurance technology (InsurTech) might have on insurance industry and legislation, pointed out some potential specific problems in practice and stated the overall role the insurance play in the age of InsurTech. 

Titled as “Regulation of Customized Search Results”, Dr. Ge Jiangqiu argued the application of Article 18(1) of the Chinese E-Commerce Law needs limitation. According to Ge, that legislators require the business operator to provide “natural search results” on all occasions is deviated from business practice and economic rationality. Thus, only the customized behavior that infringes consumer’s right to know and the right to dignity will be regarded as illegal.

In the context of the development of China’s financial technological regulation, Professor Xu Duoqi introduced several regulating strategies and their effects including Wait-and-See strategy, Whack-A-Mole strategy and a campaign of strict Internet finance regulation. Xu exemplified P2P which led to rampant Ponzi schemes or fake financial innovation, in a result that tens of thousands of investors suffered tremendous monetary losses and lots of P2P platforms withdrew from market. Therefore, setting up a regulating mode that falls in with the trend of innovating development of finance and with Chinese characteristic is of great significance.

Last, Dr. Aurelio Gurrea-Martínez shared views of his research on insolvency law and securities law. Dr. Aurelio Gurrea-Martínez believed that insolvency law is an effective tool for protecting assets of business value in the age post-COVID-19. As for overseas listing, he gave a brief explanation of the pros and cons and presented some factors that may be taken into consideration when companies choosing sites, including reputation, value of assessment and regulating environment. Dr. Aurelio Gurrea-Martínez also analyzed how some of the stock markets in the world attract IPOs of overseas companies.

After signing an exchange agreement, SMU SOL and Fudan University Law School have carried out friendly cooperation, including the exchange of teachers and students. This Webinar is the first in a series, and it is also another attempt to strengthen in-depth cooperation. Please follow more on-going activities!