BEIJING—China is setting up a special court in Shanghai to deal with the complex financial cases that are rising apace with the deepening of the country’s financial system.
The Shanghai Financial Court is expected to start operations by the end of August after Chinese lawmakers on Friday gave their approval. The court will merge special financial tribunals in the current Shanghai court system that have handled a spiraling number of finance-related civil cases—179,000 last year, after rising an average of 51% each year since...