Legal basis: Provisions on Procedures of Public Security Organs Handling Criminal Cases
Article 239 If it is necessary to freeze the property of a criminal suspect, it shall be approved by the person in charge of the public security organ at or above the county level, and a notice of assistance in freezing the property shall be made, which shall specify the account name, account number, frozen amount, freezing period, frozen scope and whether it is applicable to fruits, and notify financial institutions and other units to assist in handling it. The freezing of equity and policy rights and interests shall be approved by the person in charge of the public security organ at or above the municipal level. The freezing of the equity of a listed company shall be approved by the person in charge of the public security organ at or above the provincial level.
Article 241 If it is not necessary to continue to freeze the property of a criminal suspect, with the approval of the person in charge of the public security organ that originally approved the freezing, a notice of assistance in unfreezing the property shall be made and notified to financial institutions and other units for assistance.
Article 243rd The time limit for freezing deposits, remittances, securities trading settlement funds, futures deposits and other properties is six months. The maximum period of each freeze shall not exceed six months. For major and complicated cases, with the approval of the person in charge of the public security organ at or above the municipal level, the time limit for freezing deposits, remittances, securities trading settlement funds, futures deposits and other property can be one year. The maximum period of each freeze shall not exceed one year.
Article 247 If it is found that the frozen property is really irrelevant to the case, it shall notify financial institutions and other units to lift the freeze within three days, and notify the owner of the frozen property.