Legal basis: Enterprise Bankruptcy Law of the People's Republic of China.
Article 13 If the people's court decides to accept the bankruptcy application, it shall also appoint an administrator.
Twenty-fifth managers shall perform the following duties:
(1) Taking over the debtor's property, seals, account books, documents and other materials;
(2) Investigating the debtor's property status and making a property status report;
(3) To decide the internal management affairs of the debtor;
(4) To decide the daily expenses and other necessary expenses of the debtor;
(5) Deciding to continue or terminate the debtor's business before the first creditors' meeting.
(6) Managing and disposing of the debtor's property;
(seven) to participate in litigation, arbitration or other legal proceedings on behalf of the debtor;
(8) proposing to convene a creditors' meeting.
(nine) other duties that the people's court thinks the administrator should perform.