Local courts plan to have the Shanghai Financial Court deal with civil, commercial and administrative cases related to the new science and technology innovation board, after getting approval from the Supreme People's Court, the local high people's court said on Monday. The high court released some legal guidelines on judicial efforts local courts should make to ensure the operation of the science and technology innovation board, which was launched at the Shanghai Stock Exchange last Thursday. The guidelines show that local courts should punish crimes related to the new board and solve disputes over civil compensation caused by security frauds like false statements, insider trading and securities manipulation. The courts should also do research ahead of some important and complicated legal problems brought on by issues like the obligation of information disclosure and companies' differential arrangements for voting rights under the new registration system.