Where is the judicial freeze?

Legal analysis: judicial freezing is a new law enforcement power in the revision of the new Securities Law, which gives the securities regulatory agencies certain quasi-judicial power and is one of the important contents of the revision of the Securities Law. One of the most important means of law enforcement is the right to freeze and seal up. Most countries or regions have given the securities regulatory authorities the necessary administrative coercive power, so that they can take necessary coercive measures in supervision.

Legal basis: Provisions of People's Republic of China (PRC) Municipality on the Procedures of Public Security Organs in Handling Criminal Cases.

Article 231 The public security organ may, according to the needs of investigating crimes, inquire about and freeze the deposits, remittances, bonds, stocks, fund shares and other properties of criminal suspects in accordance with regulations, and may require relevant units and individuals to cooperate.

Article 236 The time limit for freezing deposits, remittances and other property is six months. The period for freezing bonds, stocks, fund shares and other securities is two years. If it is necessary to extend the time limit for special reasons, it shall go through the formalities of continuing the freezing at the public security organ before the expiration of the freezing period. The time limit for freezing deposits, remittances and other property at one time shall not exceed six months; The longest term of each renewal of bonds, stocks, fund shares and other securities shall not exceed two years. If it continues to freeze, it shall go through the freezing procedures again in accordance with the provisions of Article 233 of these Provisions. Failing to go through the freezing procedures within the time limit, it shall be deemed as automatic thawing.