Government News

Shanghai Daily News Digest

Bankruptcy court launched to handle enterprise cases   2019-02-02

 

 

A special bankruptcy court was set up at Shanghai No.3 Intermediate People's Court on Friday to handle cases related to the compulsory liquidation and bankruptcy of enterprises, the intermediate court said. The special court has been set up to clean up "zombie enterprises" — unprofitable firms that are unable to stand on their own feet and who need bailouts to operate, or are kept afloat by lenient creditors and below-market interest rates — and ensure sustainable and healthy economic growth. The court will handle compulsory liquidation, bankruptcy, cross-border bankruptcy and other related cases for firms registered in local districts. It will focus on tackling the "zombie enterprises" and promoting the orderly withdrawal of market players as well as giving assistance to companies in trouble.

 


Sign in

 

 

Free sign-up | Forgot password

Application Status

04-16 21315227 Processing
03-12 21315226 Processing
09-26 21315225 Processing

Inquiry Status

02-29 02131558 Received
03-06 02131557 Received
11-14 02131556 Received

view more »

FAQ

Q: Q: Is there a place where I can get...
A: A: Log on to http://touch.shio.gov....
Q: Q: What is the easiest way to set u...
A: A: 1. Log on to http://touch.shio.g...
Q: Where can I get an English map of S...
A: English maps of Shanghai are availa...