Legal basis: People's Republic of China (PRC) Civil Procedure Law.
Article 491 With the consent of the applicant and the person subjected to execution, the people's court may directly transfer the property of the person subjected to execution to the applicant at a fixed price to pay off the debts without harming the legitimate rights and interests of other creditors and the public interests. The person subjected to execution shall continue to pay off the remaining debts.
Article 492 Where the property of the person subjected to execution cannot be auctioned or sold off, the people's court may, with the consent of the application executor, deliver the property to the application executor at a fixed price to pay off the debt or deliver it to the application executor for management, provided that the legitimate rights and interests of other creditors and the public interests are not harmed; If the application executor refuses to accept or manage it, it shall return it to the person subjected to execution.
Article 493 Where an auction is concluded or an order is made to pay debts in kind according to legal procedures, the ownership of the subject matter shall be transferred when the order is made to deliver it to the buyer or the creditor who accepts the debt.
Article 502 If the people's court needs to go through the formalities of transferring ownership certificates such as real estate license, land certificate, forest right certificate, patent certificate, trademark certificate, vehicle and vessel license, it may do so in accordance with the provisions of Article 251 of the Civil Procedure Law.