Supreme People's Court, Several Opinions on Properly Handling Current Enforcement in Response to the International Financial Crisis

Promulgated: May 25 2009

Main contents: Where the party subject to enforcement is a state-owned large or medium-sized enterprise, financial institution, listed company or a state-controlled listed company, and the enforcement measures imposed on its assets may lead to its bankruptcy or affect social stability, the people's court may take the initiative to communicate and co-ordinate with its state-owned assets administrative department and regulatory department, and persuade the said departments to fully consider the consequences and help the enterprise to solve its debt problems (Article 10). A special case reporting system shall be established. In the course of enforcement, the people's courts shall report any cases arising from the financial crisis that involve foreign countries, Hong Kong, Macao or Taiwan and other sensitive or important cases to their superior court in a timely manner. If necessary, the superior court may carry out enforcement itself or centrally specify enforcement (Article 22).