Article 17 of the Marriage Law The following property acquired by husband and wife during the marriage relationship shall be owned by both husband and wife:
(1) Wages and bonuses;
(2) Income from production and operation;
(3) Income from intellectual property rights;
(4) Inherited or donated property, except as provided for in Item 3 of Article 18 of this Law;
(five) other property that should be owned by * * *.
Husband and wife have equal rights to dispose of all property.
The Supreme People's Court's Interpretation of Several Issues Concerning the Application of the Marriage Law of the People's Republic of China (1) Article 17 stipulates that the provisions of Article 17 of the Marriage Law that "husband and wife have equal rights to dispose of all their property" should be understood as follows:
(1) Husband or wife have equal rights in dealing with marital property. Due to daily needs, either party has the right to decide whether the husband and wife have joint property.
(2) If one of the spouses makes an important decision on the common property of the husband and wife due to the needs of daily life, the husband and wife shall reach an agreement through equal consultation. Others have reason to believe that it was expressed by both husband and wife, and the other party shall not oppose a bona fide third party on the grounds of disagreement or ignorance.