The optimization of judicial rules on anti-insider trading in China: Focusing on the judicial interpretation for the crime of insider trading

The first judicial interpretation of securities and futures market crime, issued by the Supreme People's Court of PRC and the Supreme People's Prosecutorate of PRC, the Interpretation on Several Issues Concerning the Specific Application of the Law in Handling Criminal Cases of Insider Trading and Leaking of Insider Information, cannot solve all or even most of the complexities in the insider trading criminal justice. Rethinking the practical obstacles and flaws of the recently enforced judicial interpretation of insider trading not only can provide beneficial references to the judicial practice on the crime of insider trading, but also contributes to make preparatory work for the upcoming legislative reform and judicial interpretation of financial market crimes in China.