https://www.scmp.com/rss/324713/feed Guo Bingna is a partner with the international law firm O’Melveny & Myers. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com A reliable legal system that supports fair and timely enforcement of creditor claims against borrowers and collateral forms the backbone of any market-based financial system. This requirement is put to the ultimate test in the distressed industry, where large portfolios of non-performing loans are sold, and buyers won’t attribute value to them unless they are legally enforceable. When China opened to foreign investments in the early 1980s, the legal system was largely a blank slate, as few... https://www.scmp.com/business/banking-finance/article/2100680/chinas-legal-system-came-long-way-enforcing-creditor-claims?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2100680/chinas-legal-system-came-long-way-enforcing-creditor-claims?utm_source=rss_feed Mon, 03 Jul 2017 07:52:24 +0000