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 crimes, inquire about and freeze the criminal suspect's deposits, remittances, funds for settlement of securities transactions, futures deposits and other funds, bonds, stocks, fund shares and other securities, as well as equity, policy rights and interests, 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 240th If it is necessary to extend the freezing period, it shall go through the formalities of continuing freezing 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.