| Commercial Bank, serving as the special juridical person who deals in legal lenders, has to follow the general market law—the good taking the place of the bad. The govemmnet has been overbearing the massive loss brought by the imperfect management of the banking organiztion for a long time for the lack of the foundation of bankruptcy of Commercial Bank. which is the same with the ordinary regulations involved with business bankruptcy in the bankruptcy and the code of civil law. With China's entry into WTO, the risk of a bank's bankruptcy is becoming more and more pressing. Hence it is necessary to form the legal bankruptcy.The scope of the article covers the following four aspects:The first chapter deals with the necessity of bankruptcy of Commercial Bank, the constitutive equation of which is based on the development of the international bankruptcy of Commercial Bank.The primary objective of the second chapter is to determine the present legal bankruptcy of Commercial Bank in China and its disadvantages and aim at examing the practical legal pattern to be used in China.The third chapter concentrates on the precautionary measures of bankruptcy of Commercial Bank in China and on how to perfect the legislation.The fourth chapter seeks to analyse the speciality of bankruptcy of Commercial Bank in China and hopes to form the legal bankruptcy of our own.
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