| 英文摘要 |
Bankruptcy law in China Mainland has achieved great advancement in 2021. In terms of legislation, the Standing Committee of the National People’s Congress organized and carried out inspections of the implementation of the Enterprise Bankruptcy Law, and established a working group responsible for the drafting and revision of the Enterprise Bankruptcy Law in an orderly and progressive manner; Regulation of Shenzhen Special Economic Zone on Personal Bankruptcy has been implemented, steady progress has been made in the judicial practice of centralized liquidation of personal debts in Jiangsu and Zhejiang regions and new development was accomplished for the pilot work of personal bankruptcy. At the judicial level, the Supreme People’s Court has inaugurated a cooperation mechanism for mutual recognition and assistance to bankruptcy proceedings between the Mainland and Hong Kong Special Administration Region; the Supreme People’s Court has promoted the establishment of bankruptcy courts in Mainland and issued bankruptcy judicial polices and typical cases. Regarding the improvement of the Bankruptcy Administration Industry, associations of bankruptcy administration have sprung up in many places, and various self-regulatory documents have been updated. As for academic research, the holding of the China Bankruptcy Forum and its symposium and the publication of the Bankruptcy Law Library Works have led the evolvement of bankruptcy law and boosted the further growth of theoretical research and practical exploration under a tension force. In this way, the theory will not be divorced from practice and reality of state into empty talk, and the practical exploration will not go astray or even drift away. |
