Courts fulfilling duties in bankruptcy cases

Chinese courts concluded 8,803 bankruptcy cases from January to June, up 4.8 percent year-on-year, according to data released by the country's top court on Wednesday.

The Supreme People's Court said courts nationwide played their judicial roles in the cases by helping enterprises go bankrupt and liquidate their assets while endeavoring to prevent and defuse risks by rule of law.

"While liquidating 'zombie companies' in a timely manner, judges also restructured high-debt enterprises that still had market potential in line with the law, so as to help them regenerate," the top court said.

In the first six months of this year, courts across the country upheld the principle of equal protection to all market entities, whether State-owned or private, with more focus given to tackling disputes involving finance, innovation and environment to maintain the market order and contribute to the nation's high-quality development efforts, it added.

For example, Chinese courts gave stronger protection to technological innovators, concluding 235,000 intellectual property cases from January to June, an increase of 8 percent compared with the same period last year, the data said.

In addition, courts at all levels intensified the fight against telecom fraud and cross-border gambling, concluding 15,000 such cases in the first half year, up 22.9 percent year-on-year, the data added.