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The Property Law of the People's Republic of China (Chinese: 中华人民共和国物权法; pinyin: Zhōnghuá Rénmín Gònghéguó Wùquán Fǎ) is a property law adopted by the National People's Congress in 2007 (on March 16 [1]) that went into effect on October 1, 2007.
The country shall protect in accordance with law citizens' private property rights and inheritance rights. The country may, as necessitated by public interest, expropriate or requisition citizens' private property and pay compensation therefor." It can thus be seen that China's property laws have been undergoing developments.
Foreclosure in the People's Republic of China takes place as a form of debt enforcement proceedings under strict judicial foreclosure, which is only allowed by law of guarantee and law of property right. China amended the Constitution of the Peoples's Republic of China (adopted April 12, 1988), to allow transfer of land rights, from "granted ...
Real estate in China is developed and managed by public, private, and state-owned red chip enterprises.. In the years leading up to the 2008 financial crisis, the real estate sector in China was growing so rapidly that the government implemented a series of policies—including raising the required down payment for some property purchases, and five 2007 interest rate increases—due to ...
Ejectment – Common law term; Forced evictions in China; Foreclosure – Legal process where a lender recoups an unpaid loan by forcing the borrower to sell the collateral; Forcible entry – entering a building or other enclosed real property by force when normal means of entry are blocked
Property Law of the People's Republic of China: Summary; A law formulated in accordance with the Constitution of the People’s Republic of China for the purposes of protecting the lawful rights and interests of the persons of the civil law, regulating civil-law relations, maintaining social and economic order, meeting the needs for developing ...
Laws Voting results (Yea / Nay / Abstain) Amendment(s) 8 November 1988: Wild Animal Conservation Law: 2004, 2009, 2016, 2018 7 September 1990: Law on the Protection of the Rights and Interests of Returned Overseas Chinese and the Family Members of Overseas Chinese: 2000, 2009 28 December 1990: Law on the Protection of Disabled Persons: 2008, 2018
[31]: 15 2014 amendments to China's Environmental Protection Law permit public interest environmental litigation, including with non-governmental organizations as proper plaintiffs. [32]: 227 The Administrative Procedure Law of the People's Republic of China (1989) allows legal persons to bring legal challenges against administrative actions ...