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China Justice Observer

中司觀察

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China Legal Trends

China Legal Trends provides up-to-the-minute comments on China's laws, regulations, policies and cases, as well as in-depth analyses on major events relating to Chinese law and insights on public documents.

As a column of China Justice Observer, China Legal Trends is updated daily.

Thu, 08 Jul 2021 China Legal Trends CJO Staff Contributors Team

In May 2021, National Internet Finance Association of China and other two associations jointly released the “Announcement on Preventing Speculative Risks in Virtual Currency Trading” (關(guān)于防范虛擬貨幣交易炒作風(fēng)險(xiǎn)的公告), stating that virtual currency is not a legal tender, and shall not be used as a legal tender in the market.

Sat, 03 Jul 2021 China Legal Trends CJO Staff Contributors Team

The Mainland-HKSAR mechanism for mutual recognition and assistance in bankruptcy proceedings has been established, after the SPC issuing the "Record of Meeting on Mutual Recognition of and Assistance to Bankruptcy Proceedings between the Courts of the Mainland and of the Hong Kong Special Administrative Region" and the "Opinions of the Supreme People's Court on Carrying out the Pilot Program for Recognizing and Assisting the Hong Kong Special Administrative Region in Bankruptcy Proceedings".