Research On The Bankruptcy And Reorganization System Of Zombie Enterprises

The purpose of this paper is to clarify the connotation of zombie enterprises,analyze the problems existing in the restructuring of zombie enterprises in China,and discuss the necessity of the bankruptcy restructuring system of zombie enterprises in combination with the restructuring value evaluation model of zombie enterprises and its special value significance.From the value goal and function of the bankruptcy reorganization system in China,because of the particularity of the zombies,clearly define the boundary of the government and the market in bankruptcy reorganization,the analysis of the existing system to solve the zombie companies by applicable bankruptcy reorganization of government involvement in the bankruptcy reorganization,bank creditor benefit protection,applicable mandatory approval system,enterprise credit recovery problem.In this way,the enterprises in crisis in China can resolve the debt risk and the risk of overcapacity more efficiently through bankruptcy reorganization,which is a market-oriented exit method,so as to promote the rational allocation of social resources and optimize the industrial structure.