China formally removed the foreign ownership limit of securities companies style="margin-left:21.0pt;"> Section IHistory of Opening-up Year Opening-up Policy Representative Foreign...

According to the statistics released by the China Banking and Insurance Regulatory Commission (the “CBIRC”), the balance of non-performing loans (“NPLs”) of commercial banks amounted to RMB 2.41 trillion as of the end of the fourth quarter in 2019, a...

Qualified Domestic Limited Partner (“QDLP”) scheme has caused great sensation in the asset management market ever since it was initiated in Shanghai back in 2012.> Section 1 General Introduction According to current foreign exchange regulations, investors...

The phrase “inferior rank repayment rule for shareholder claims” generally means that when an enterprise goes bankrupt, if a shareholder’s claim against the company satisfies certain specific conditions, it should be ranked after common claims during...

In the Minutes of the National Working Conference on the Trial of Civil and Commercial Cases by Courts (Minutes) issued by the Supreme People’s Court on 8 November 2019, part X summarizes the basic views of the Supreme Court regarding several difficult legal...

As the number of enterprise groups in China has increased, the phenomenon of affiliates jointly going into bankruptcy has also become more common. Once a member of an enterprise group enters a bankruptcy procedure, whether its affiliates will also...