2025中国金融债权全球追索年度报告

中国金融债权全球追索年度报告20252025Report on International Asset Recovery for PRC Financial Creditors主编：贾一鹏，杜国栋Chief Editors: Yipeng Jia, Guodong Du作者：杜国栋，罗婷，安东尼·埃尔伍德-拉塞尔，MarijnFlintermanAuthors: Guodong Du, Ting Luo, Anthony Ellwood-Russell, MarijnFlinterman团队支持：柳青青，卓懿露伟，张文亮Team Support: Qingqing Liu, YiweiZzhuo,Wenliang Zhang联合发布方：浩天律师事务所，OmniBridgeway，裕度国际Co-Publishers: Hylands Law Firm, Omni Bridgeway, Global Yudu2025年7月July2025 前言金融债权全球追素，变坏帐，为金矿。在国内，因债务人无可执行财产，巨额金龄供权需被计提为损失。然而，许多债务人在海外持有可观的资产可供执行。通过金融债权全球退案，中国债权人能够精准定位债劳人在海外的行踪，识别其全球资产分布：并借助外国司法机制执行境外资产，从而有效挽回损失本报告中的“金融债权”采用广义定义，涵盖基于贷欧、股权投资及各类金融创新工具产生的债权。金融博投全球退究不同于国际贸易应收账款清收：前者焦于资产发现与执行，后著侧乘于解决留易纠纷，二当前，中国金股债权人面临化解供务的巨大压力。中国监管部门也将有效防范化解金密风险列为经济工作的核心议题。而在许多案件中，全球追索已成为债权人挽回损失的最后希望，除此之外别无他法。金融债权全球追索的实现依毅法律机制以及人才队伍两大支柱：1.法律机制：中国法院别决当前在全球至少47个国家和地区具有被承认与执行的现实可行性，而中国仲裁裁决则在绝大多数国家具有可执行性。这为中国侵权人利用外国司法手段开展金融债权全球追素提供了坚2.人才队伍：跨境资产追索需要综合性的专业能力。一批国际专业机构在全球资产追索领域积累了丰富经验与成功案例，中国国内也涌现出具备协调国际资薄、查长开覆全球追索的涉外法律务人才，形成了行 者所需的专业知识、国际资源及解决方案各异。1.向中国债权人函明全球追素的必要性与可行性；2.向金融与法律从业者层示这一领域的广闵市场机遇；3.向国际专业机构揭示与中国债权人合作的巨大潜力；4.准动全球协作网络与社区的构建。 实的法律保障。业最佳实践。本报告告在： 报告分为三章：第一章源焦市场背景，剖析在不良资产款增与国内“执行难的双重挤压下，针对债务人跨境转移资产的避协行为，中国金韶偿权人依托中国法院判决和伸载裁决境外执行等法律机制，加速准进跨境资产追案，以维护自身权益。第二章围绕第三方资助模式，国际第三方资助机构通过承担资金成本及诉讼风险，使债权人无需动用自有资源即可调动全球顶尖法律资源，高效推进跨境追索，为中国债权人提供了突破成本困境的新工具。第三章精选中国金韶债权全球追索的十八个典型案例，要盖美国、加章大、淡大利亚、英国、中国香港新加坡、开曼群岛、英属维京群岛（BVI）等司法辖区，涉及中国金融类民事判决书、民事调解书、仲裁裁决及公证偿权文书的境外执行，呈现成功经验与失败教训，为读者提供全面参考。 PrefaceInternational Asset Recovery,from Bad Loans to Big Gains.In China, creditors often write off substantial non-performing loans (NPLs) as losses when debtorslack executable assets domestically. Yet, many such enterprises or indlividuals hold significantoffshore assets ripe for recovery. Through international asset recovery, Chinese creditors canpinpoint debtors' overseas activities, map their global asset holdings, and leverage foreign judicialsystems to enforce claims, thereby mitigating losses effectivelyThis report adopts a broad definition of "NPLs", encompassing debts arising from loans, equityinvestments, and diverse financial instruments, Intemational asset recovery for NPLs differsmarkedly from trade receivables collection: the former emphasizes asset identification andenforcement, while the latter focuses on resolving trade disputes. Each demands distinct expertise,international networks, and tailored solutions.Chinese financial creditors currently face immense pressure to resolve NPLs, with the Chinesesupervisory authorities prioritizing financial risk mitigation as a core economic objective. In manycases, international asset recovery represents the last resort—and often the only viable optionforChinese creditors seeking to recoup losses.The success of international asset recovery for Chinese financial creditors rests on two criticalpillars:• Legal Frameworks: Judgments from Chinese courts are now practically enforceable in at least47 jurisdictions worldwide, while Chinese arbitral awards enjoy enforceability in the vast majorityof countries. These mechanisms provide a robust legal foundation for Chinese creditors to utilizeforeign judicial systems for asset recovery.- Professional Expertise: International asset recovery demands sophisticated, multidisciplinarycapabilities. A cadre of international practitioner has amassed extensive experience and provenadept at coordinating international resources and executing recovery strategies, Together, theyhave shaped ind ustry best practices.This report serves four key objectives:. To underscore the necessity and feasibility of international asset recovery for Chinese financialcreditors. • To highlight the vast market opportunities in this field for Chinese financial and legalpractitioners.• To reveal the immense potential to collaborate with Chinese creditors for internationalpractitioners.• To foster the development of a global collaborative network and communityThe report is organized into three chapters:Chapter One: Market LandscapeExamines the challenges faced by Chinese financial creditors amid rising non-performing assets andlimited domestic debtor assets, It analyzes debtors' cross-border asset transfers to evade obligationsand highlights how creditors leverage legal mechanisms, such as the cross-bordler enforcement ofChinese judgments and arbitral awards, to accelerate intemational asset recovery and protect theirinterests.Chapter Two: Third-Party Litigation FundingExplores the role of third-party litigation funding, where fundlers assume financial and litigation risks,allowing creditors to access premier global legal resources without upfront costs, This innovativemodel equips Chinese creditors with a cost-effective tool to pursue efficient cross-bordler assetrecovery.Chapter Three: Case StudiesPresents eighteen (is) llustrative case studies of intermational asset recovery by Chinese financialcreditors across jurisdictions, including the United States, Canacla, Australia, the United Kingdom,overseas enforcement of Chinese civil judgments, mediation