Chinese Extraterritorial Jurisdicion Over Transnatonal Securities Fraud Cases——Based on Study of the United States Securities Law

As securities markets have become increasingly globalized nowadays,the proportion of transnational securities cases,especially securities fraud cases China's courts accepted is also growing in accordance.Thus,it is time for Chinese legislative and judicial authorities to define the scope of jurisdiction over transnational securities fraud cases.Since our legislation in this area is comparatively undeveloped and hard to satisfy the demand of judicial practices,in this article,the author suggests to introduce U.S.practices based on deep study of the United States securities laws in order to ameliorate our legislation.