China has launched a specialized bankruptcy court in the southern city of Shenzhen, which is expected to provide enhanced judicial support for its Greater Bay Area (GBA) initiative.

The Shenzhen Bankruptcy Court will function under the aegis of the Shenzhen Intermediate People’s Court, and it has jurisdiction over four types of cases, including cross-border bankruptcy cases. It can also trace the assets of bankrupt mainland businesses that have been transferred to Hong Kong.  

The Shenzhen Intermediate People’s Court has a history of innovation when it comes to bankruptcy. In 1993, it set up the country’s first bankruptcy trial court to explore centralized jurisdiction and professional trials. In 2017, the Court initiated online auctions for the cross-border sale of bankrupt properties. 

In the past years, the Shenzhen Intermediate People’s Court has handled a third of bankruptcy cases in Guangdong Province, and five percent of the total nationwide. 

深圳成立首个破产法庭 为大湾区建设提供有力司法服务

为助力粤港澳大湾区建设提供强有力的司法服务和保证，深圳破产法庭正式揭牌成立。

深圳破产法庭在深圳中级法院下独立运作。根据最高人民法院的批复，深圳破产法庭管辖四类案件，其中包括跨境破产案件。此外，也将追究中国大陆破产企业转至香港的资产。

深圳中级法院历来在破产审判工作上保持创新传统，早在1993年就设立了全国法院第一个破产审判庭，在全国最早开始破产案件集中管辖、专业审理的实践探索。2017年，首创了破产财产跨境网拍模式。

近些年来，深圳中院的破产案件数量约占全国的5%、全省的三分之一。

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