With respect to the current law of china , there are still lots of loopholes and ambiguities in terms of pledge of creditor ' s right . the realization of the secured interests will be postponed for the possible bankruptcy 根据我国现行法律，金融资产(主要体现为债权)的质押面临很多法律上的空白和不确定，权利质的实现将受到破产程序的拖延。
We need to transplant securitization into china to insulate the secured interests of pledgee from the potential bankruptcy and to offset the unsoundness of the security system , specifically , the pledge system 从法律制度的角度来看，我们具有引入资产证券化的必要性，它可以避免破产程序对担保债权实现的影响，弥补我国担保制度尤其是权利质押制度的缺陷。
Before the conclusion of the bankruptcy proceedings , the legal representative of the bankrupt enterprise shall carry out work according to the requirements of the people ' s court or the liquidation team , and may not leave his position without authorization 破产企业的法定代表人在破产程序终结以前，根据人民法院或者清算组的要求进行工作，不得擅离职守。
Notwithstanding the opening of an insolvency proceeding , the law applicable under this convention governs all the issues specified in article 2 ( 1 ) with respect to any event that has occurred before the opening of that insolvency proceeding 尽管破产程序已开始，根据本公约确定的准据法仍将支配第2条第1款规定的、与破产程序开始前发生的任何事件有关的所有问题。
Article 123 all properties and property rights belonging to the bankrupt person when declared bankrupt and those acquired by the bankrupt person before the conclusion of the bankruptcy procedure constitute the bankruptcy property 第一百二十三条破产宣告时属于破产人的全部财产及财产权利，破产宣告后至破产程序终结前破产人取得的财产及财产权利，构成破产财产。
