President of the Supreme People's Court Zhou Qiang briefed the legislature on a decision to set up a special Shanghai Financial Court to deal with finance-related commercial and administrative cases in the city.

"The court will bolster the international influence of China's financial justice, forestall financial risks and steer the financial sector to serve the real economy, and to build Shanghai into an international financial center by 2020," Zhou said.

Justice Minister Fu Zhenghua explained a motion to revise seven laws. The revisions will bring the laws in line with a State Council institutional reform adopted at the NPC annual session in March.

On Wednesday morning, the top legislature also heard reports on environmental protection, supply-side structural reform in agriculture, rights protection for overseas Chinese and a pilot reform of the people's assessors system.

Panel discussions were held on Wednesday afternoon. Li, the NPC Standing Committee chairman, also took part in the discussions.

The legislative session will run until Friday.

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