Private Economy and China’s Credit System for Enterprises

Image: Gerd Altmann, Business People (Publicdomainpictures.net)

中国正在就一项旨在促进该国民营企业发展的法律草案征求公众意见。该法律草案要求,当民营企业不再存在损害其信用的经营异常行为时,中国政府部门必须及时更新该企业在官方“信用信息平台”上公示的记录。对于中国民营企业来说,在信用信息平台上保持良好的记录至关重要,因为企业的商业伙伴和客户越来越依赖这些平台来评估企业的状况。然而,这些平台都有局限性,而如果不加以妥善处理,这些局限性可能会损害中国民营企业的发展,继而损害中国的民营经济。Read more

Private Economy and China’s Credit System for Enterprises

Image: Gerd Altmann, Business People (Publicdomainpictures.net)

China is seeking public comments on a draft law aimed at promoting the development of the country’s private enterprises. The draft law requires Chinese authorities to timely update a private enterprise’s records publicized on official “credit information platforms” after the enterprise no longer has irregularities undermining its credibility. Having clean records on these platforms is important as private enterprises’ business partners and clients are increasingly relying on these platforms to assess where these enterprises stand. However, these platforms have limitations, which, if not addressed properly, could compromise the development of Chinese private enterprises and, thereby, the country’s private economy.Read more

In Brief

Image: Petr Kratochvil, Apartment Building Pattern (Publicdomainpictures.net)

中国法院如何处理涉及陷入困境的房地产开发商的案件会影响外国投资者对整个中国市场的信心。最高人民法院近日重点介绍了涉及一家房地产开发商的系列案件的执行工作。这些案件透出的迹象说明了中国法院被寄予期望,效仿这些案件的执行方式,以取得“很好的政治效果、社会效果和法律效果”。Read more

In Brief

Image: Petr Kratochvil, Apartment Building Pattern (Publicdomainpictures.net)

How courts in China handle cases involving struggling real estate developers will affect foreign investors’ confidence in the entire Chinese market. The Supreme People’s Court recently highlighted the enforcement of a series of cases involving a real estate developer. These cases provide indications illuminating how courts in China are expected to follow suit to achieve “good political, social, and legal effects”.Read more

In Brief

Images: Kai Stachowiak, Background Wallpaper; icon0 com, China Flag Themes Idea (Publicdomainpictures.net)

民营企业与中国国有企业或政府机关打官司是否有机会胜诉?中国最高人民法院显然是尝试增强人们对中国市场的信心,故通过公布两起案例以表示该问题的答案是肯定的。这两个案例所体现的对民营企业的积极对待是否会成为一种常态?Read more

In Brief

Images: Kai Stachowiak, Background Wallpaper; icon0 com, China Flag Themes Idea (Publicdomainpictures.net)

Is there any chance for a private enterprise to win a lawsuit against a state-owned enterprise or a government agency in China? In an apparent attempt to boost confidence in the Chinese market, the Supreme People’s Court of China has signaled an affirmative answer to this question by releasing two court cases. Will the positive treatment of private enterprises, as demonstrated in these two cases, become a norm?Read more

In Brief

Image: Kai Stachowiak, Business, Publicdomainpictures.net

中国领导层最近发布了一份文件,再次肯定民营企业的价值,并敦促采取行动,帮助解决民营企业面临的一系列问题。这是否会引发新一轮创业浪潮,就如早期创业浪潮催生了腾讯等知名公司一样,取得成功?Read more

In Brief

Image: Kai Stachowiak, Business, Publicdomainpictures.net

The Chinese leadership just released a document to reaffirm the value of private enterprises and to urge the implementation of actions that will help address a wide range of problems facing these enterprises. Will this lead to a new wave of entrepreneurship mirroring the success of earlier waves that gave rise to well-known companies such as Tencent?Read more