The Supreme People's Court of the Chinese mainland has rolled out a comprehensive five-year reform plan aimed at enhancing the protection of property rights and fostering a more robust business environment.
Spanning from 2024 to 2028, this initiative marks the sixth reform outline of its kind, emphasizing the equal and long-term safeguarding of all forms of ownership. The plan mandates that any actions infringing upon property rights or legitimate interests will be uniformly addressed, criminalized, and penalized in accordance with the law.
A key focus of the reform is to refine the mechanisms for handling cases where criminal, administrative, and civil elements intersect, particularly those involving enterprises. By clearly delineating the boundaries between criminal and non-criminal conduct, the reforms aim to streamline judicial processes and ensure fair outcomes.
The outline also introduces measures to establish effective systems for preventing, identifying, and correcting unjust or erroneous charges and sentences in enterprise-related cases. Additionally, the preservation procedures will be strictly regulated, with innovative methods and mechanisms for lifting preservation measures being explored.
According to Si Yanli, a senior official at the Supreme People's Court, these reforms are designed to provide entrepreneurs with a heightened sense of personal and property security. This environment is expected to encourage more confident investments and peaceful business operations, ultimately contributing to fair market competition and a law-based business landscape.
The reform plan encompasses over 200 specific tasks across nine major areas, all aimed at ensuring comprehensive, law-based, and equal protection of property rights. This initiative is set to not only regulate business operations but also improve mechanisms for the rescue and exit of business entities, further solidifying the judicial protection framework.
Reference(s):
China's Supreme People's Court unveils five-year reform plan
cgtn.com
