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Suggestions on the Revision of Law on Negotiable Instruments in the Perspective of the Negotiable Instruments Practices
Author(s): 
Pages: 70-73
Year: Issue:  9
Journal: Xi'an Finance

Keyword:  Law on Negotiable Instrumentsnegotiable instrumentcirculationfinancing;
Abstract: With the rapid development of the bill market in China, new-type bills or bill business models such as electronic bill, financing bill and incomplete bill etc. which lack of legislative norms in Law on Negotiable Instruments have come into being in the practice. The revision of Law on Negotiable Instruments requires in conjunction with the bills practice and prediction of the future development of the bill market revising the legislative purpose, deleting unnecessary terms and reconstructing specific rules to protect the rationality and norm of the law and to achieve the stability and predictability.
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