Shanghai to set up bankruptcy court

Source: Xinhua| 2019-01-29 15:29:34|Editor: Li Xia
Video PlayerClose

SHANGHAI, Jan. 29 (Xinhua) -- Shanghai will set up a special court to handle bankruptcy cases on Feb. 1, local authorities said Tuesday.

The news was revealed by Liu Xiaoyun, president of the Shanghai Higher People's Court, during the ongoing annual session of the municipal legislature.

Liu did not disclose more details about the court.

Zhu Zhengwei, a Shanghai legislator and chairman of Shanghai Lijin Economic and Trade Co. Ltd. said the court could improve efficiency in handling bankruptcy cases.

On Jan. 14, Shenzhen set up a bankruptcy court to primarily handle companies' bankruptcy and compulsory liquidation cases and cross-border bankruptcy cases.

Chinese courts received 9,542 new cases concerning corporate bankruptcy in 2017, an increase of 68.4 percent compared with the previous year, according to the Supreme People's Court.

During the same period, 6,257 corporate bankruptcy cases were concluded by the courts, up 73.7 percent year on year.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001377840271
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲AV永久精品一区二区在线 | 中文字幕羞羞视频网站 | 伊人成综合网开心五月丁香五 | 在线不卡日本v二区707 | 亚洲中文欧美日韩 | 亚洲欧美日韩精品久久无广告 |