This seminar intends to elucidate the recently established Chinese Mainland–Hong Kong cross-border insolvency cooperation arrangement. The pivotal Record of Meeting reached in May 2021 between the Supreme People’s Court of the People’s Republic of China and the Government of the Hong Kong Special Administrative Region marks a significant step towards mutual recognition in cross-border insolvency cases, laying down the bedrock for future cooperation. However, it is important to note that the new arrangement is still in a preliminary stage, presenting both opportunities and challenges. This seminar endeavors to offer a comprehensive explanation of the primary features of the emerging framework. It takes into consideration recent cross-border insolvency cases in both the Mainland and Hong Kong, providing insights into the practical implications, as well as strategic approaches to effectively address the current obstacles to this evolving cooperation.