最高法：去年通过破产审判累计化解债务约4万亿元 盘活存量资产1.16万亿元

Core Viewpoint - The Supreme People's Court of China is enhancing its bankruptcy adjudication system to support the construction of a high-level socialist market economy, with significant increases in bankruptcy case filings and resolutions in 2025 [3][4]. Group 1: Bankruptcy Court Establishment and Case Statistics - In 2025, the Supreme People's Court approved the establishment of six new bankruptcy courts in major cities, bringing the total to 24 nationwide, which enhances the professionalization of bankruptcy adjudication [3]. - National courts accepted 44,936 bankruptcy application review cases in 2025, a year-on-year increase of 7.31%, while 36,900 cases of bankruptcy liquidation, reorganization, and reconciliation were accepted, marking an 18.00% increase [3]. - A total of 31,900 bankruptcy cases were concluded in 2025, reflecting a 5.07% increase, with approximately 4 trillion yuan in debt resolved and 1.16 trillion yuan in assets revitalized [3]. Group 2: Key Initiatives and Strategies - The courts are adhering to a dual approach of liquidation and rescue, promoting the orderly exit of outdated capacities and facilitating local economic transformation, exemplified by the Jiangsu court's actions against low-end surplus enterprises along the Yangtze River [3]. - Focused risk management in critical sectors such as real estate and finance is being implemented, with successful case examples like the restructuring of Jin Ke Group, which resolved 147 billion yuan in debt [4]. - A collaborative mechanism between government and courts has been established, enhancing the effectiveness of bankruptcy proceedings, with several provinces already implementing joint action frameworks [4]. Group 3: International and Individual Bankruptcy Developments - The courts are advancing international bankruptcy law and cautiously exploring personal bankruptcy and individual debt resolution, with various regions developing frameworks for cross-border bankruptcy cooperation [4]. - Specific guidelines have been issued to assist Hong Kong and Macau liquidators in their operations within mainland China, indicating a structured approach to international commercial disputes [4].