According to CoinMeta, the Legislative Affairs Commission of the Standing Committee of the National People's Congress of China stated that the second draft revision of the Enterprise Bankruptcy Law strengthens the reorganization procedures and cross-border bankruptcy rules. It clarifies the temporary protection mechanism for the continuity of reorganization procedures, adds the rights of creditors, debtors, and other parties to directly apply for reorganization, stipulates that courts shall hold hearings when reviewing reorganization applications, and requires debtors or administrators to provide timely, accurate, and complete information to relevant parties.