Check out my new
   story: [1]https://litigationfinancejournal.com/chinas-social-justice-ap
   proach-to-litigation-finance/

   Former Communist China has not been known for access to justice. In
   fact, recent protests in Hong Kong sprung up due to China’s Fugitive
   Offenders and Mutual Legal Assistance in Criminal Matters Legislation.
   Yet Communist China is experiencing a Social Spring (a transformation
   from Communism to Socialism). What role will China’s Communist roots
   play in future access to justice?

   Recently the [2]Bank of International Settlements (BIS) discussed
   financial inclusion. For litigation finance to reach peak ‘high
   quality’ development, robust international standards are required. The
   United Nations Universal Declaration of Human Rights (UNDHR) is an
   example where 192 countries agreed on the common standards of
   achievement for all people and nations. There is no ‘regulatory
   arbitrage’ when dealing with human rights.

   BIS is pioneering the social etiquette around litigation finance,
   according to Mr. Liu Guiping, Deputy Governor of the People’s Bank of
   China. Mr. Guiping’s startling approach marks a historic milestone for
   access to justice in China. Guiping says China aims to pioneer social
   justice, and that litigation finance’s ultimate potential logically
   requires coordinated development of regulation innovation.

   China’s Social Spring Key Takeaways:
     * Guiping remarks on China’s potential to harmonize the now clunky
       relationship between attorneys, third-party investors and
       claimants.
     * China is a very large country with 31 provinces. The Social Spring
       in China must ethically address claimants in certain jurisdictions,
       while in others champion access to justice, reasonable disclosures
       and a standard for litigation finance regulatory innovation.
     * The notion of a common cross-border regulatory standard for
       litigation finance is considered absurd by many. International
       funders have boosted litigation finance revenues by leveraging
       regulatory arbitrage structures. How will China play into all of
       this? Only time will tell…

   As an added bonus, we [3]collated 39 highlights from Guiping’s speech,
   for reference.
   --
   Gunnar Larson - [4]xNY.io | [5]Bank.org
   [6]MSc - Digital Currency
   [7]MBA - Entrepreneurship and Innovation (ip)
   G@xNY.io
   +1-646-454-9107
   New York, New York 10001

References

   1. https://litigationfinancejournal.com/chinas-social-justice-approach-to-litigation-finance/
   2. https://www.bis.org/review/r211229f.htm
   3. https://drive.google.com/file/d/1fej8pVCi3DEfSTSxt297RP1fLx4ruc2s/view?usp=sharing
   4. http://www.xNY.io/
   5. http://Bank.org/
   6. https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB
   7. https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovation-mba-1-5-years-or-3-semesters/