The first meeting of the Central Committee for Comprehensive Deepening Reform held on March 28 reviewed and approved the Measures on the Establishment of Shanghai Financial Court. Its purpose is to improve the financial adjudication system, implement centralized jurisdiction over financial cases, and advance the reform of the financial adjudication system and mechanism. The meeting also pointed out that unified regulatory standard will be set-up based on the type of asset management products; there should be fair market access and supervision as well to maximize the elimination of regulatory arbitrage space and to promote the standardization of asset management business development.