Bankruptcy court accepts its first case

Tribunal to improve liquidations and reduce number of 'zombie' firms

A special bankruptcy court in Beijing established just over two weeks ago to promote high-quality economic development in the capital and create a better business environment accepted its first case on Friday.

The filing of the case means it is now in the legal process, beginning the formal operation of the Beijing Bankruptcy Court at the Beijing No 1 Intermediate People's Court, which was established on Jan 30.