Core Points - The Xiamen Economic Special Zone Personal Bankruptcy Protection Regulation was passed on August 26 and will take effect on November 1, marking it as the second local personal bankruptcy regulation in China after Shenzhen's in 2021 [1][2] - The regulation aims to fill the gaps in the rescue and exit mechanisms for business entities, supporting high-quality economic and social development in Xiamen [2] Group 1 - The regulation is a significant step in implementing Xiamen's comprehensive reform pilot tasks and is expected to provide a model for establishing a complete bankruptcy system at the national level [2] - It is described as the most complex and extensive regulation since Xiamen gained legislative power in 1994, with a focus on "protection" in its title, contributing to the development of a comprehensive personal bankruptcy protection model [1][2] Group 2 - The regulation is seen as a means to optimize the business environment in Xiamen, ensuring better services and stronger guarantees for various business entities [2] - The legislative innovation is intended to enhance the market economy's foundational systems and contribute to building a high-level socialist market economy [2]
厦门“探路”个人破产保护 补齐经营主体救治和退出机制短板
Zhong Guo Xin Wen Wang·2025-09-23 12:07