For example, if you lose a lawsuit on the mainland, you need to pay compensation to creditors. Previously, the court could only freeze your mainland deposits; But now, if your mainland assets are not enough to compensate, creditors can take the mainland judgment to the Hong Kong court to apply for enforcement.
The Hong Kong court only needs to go through a few verification procedures without re-hearing the case to freeze your Hong Kong assets in accordance with the mainland judgment, such as applying to the Mainland court for certificates, and applying to the Hong Kong court for registration.
Similarly, mainland residents who violate the provisions of the Hong Kong Company Law may be subject to enforcement by the Mainland courts in the future if they don’t handle the summons issued by the Hong Kong courts.
Moreover, if you log in the QiChaCha, Tianyancha, etc., for company profile research now, you will find not only the mainland company status but also Hong Kong company.
