China and Hong Kong will promote mutual recognition and assistance in bankruptcy procedures. Mainland judicial practice training will be arranged for Hong Kong legal professionals.
August 3, 2021A second draft of legislation aimed at countering US sanctions has reportedly been filed and is expected to be voted on soon.
June 9, 2021Hong Kong courts and Chinese courts in pilot cities will be able to recognise insolvency, bankruptcy and restructuring proceedings under each other's laws.
May 18, 2021The Shanghai Financial Court is the second Chinese court allowed to handle disputes involving overseas securities and financial institutions.
April 28, 2021The extraterritorial application of China’s financial laws will play a bigger role in opening up the domestic market, the Supreme People's Court said.
March 23, 2021Several government departments including the PBOC will work together to track down corrupt Chinese fugitives and recover ill-gotten gains.
March 2, 2021Private lenders can charge a maximum four times the one-year loan prime rate. Based on the current rate, the maximum lending rate is 15.4%, compared to 24% previously.
August 24, 2020In disputes involving breach of contract, fraud or false statements - the issuer, its controlling shareholders, directors, and senior management will be held liable for bondholder losses.
July 17, 2020Proposals include mechanisms for early detection and investigation of bond disputes, higher penalties for repayment failures, and lower costs for investors exercising litigation rights.
December 28, 2019Police officers found to be negligent in enforcing against illegal fundraising through online channels could face criminal charges.
January 31, 2019