Legal basis: Provisions on Procedures of Public Security Organs Handling Criminal Cases
Article 237 The public security organ may, according to the needs of investigating a crime, inquire about and freeze the deposits, remittances, securities trading settlement funds, futures deposits and other funds, bonds, stocks, fund shares and other securities, as well as equity, policy rights and other investment rights and interests of the criminal suspect, and may require the relevant units and individuals to cooperate.
The property specified in the preceding paragraph shall not be transferred, allocated or transferred or detained in disguised form by other means.
Article 243rd The time limit for freezing deposits, remittances, securities trading settlement funds, futures deposits and other properties is six months. The time limit for freezing deposits, remittances and other property shall not exceed six months.
Article 240th If it is necessary to continue to freeze the property of a criminal suspect, it shall go through the formalities of continuing to freeze it in accordance with the original approval authority and procedures before the expiration of the freezing period. Failing to go through the freezing procedures within the time limit, it shall be deemed as automatic thawing.
Article 144 of the Criminal Procedure Law of People's Republic of China (PRC), people's procuratorates and public security organs may, according to the needs of investigating crimes, inquire about and freeze the deposits, remittances, bonds, stocks, fund shares and other properties of criminal suspects in accordance with regulations. The relevant units and individuals shall cooperate.
The relevant provisions of the measures of sealing up and freezing shall apply to the handling of criminal cases by public security organs.
Article 3 The seizure, receipt, storage and disposal of the property involved must be carried out in strict accordance with the applicable legal conditions and procedures. Property irrelevant to this case shall not be sealed up or frozen.
Article 27 The amount of the frozen account involved in the case shall be equal to the amount involved. Funds exceeding the amount involved shall not be frozen.