FAMILY LAWYER IN CHINA

FOUCUS ON DIVORCE AND INHERITANCE, 45 OFFICES COVER ALL AREAS OF CHINA

+86 18513817885

Which property belongs to the joint property of husband and wife?

date:2019/11/26 Clicks:112
Husband and wife joint property is to point to, during marital relationship existence, the property that husband and wife one party or both sides gains, unless the law has other provision or husband and wife both sides agree.
Article 17 of Marriage Law of the People's Republic of China stipulated that: “The following property acquired by the husband and the wife during the period in which they are under contract of marriage shall be in their joint possession:
(1) wages and bonuses;
(2) proceeds of production and business operation;
(3) incomes of intellectual property rights;
(4) property acquired from inheritance or presentation, with the exception of such property as stipulated by the provisions of the third item of Article 18 of this Law; and
(5) other property which should be in their joint possession.
Husband and wife shall enjoy equal rights in the disposition of their jointly possessed property.”
"Other property that shall be owned jointly" means that: (1) The income gained by a party from the personal property as an  investment; (2) The housing subsidies and the public accumulation fund for housing construction that both parties have actually obtained or should obtain; (3) The endowment insurance, bankruptcy resettlement compensations.
Author of this article:
Mingsheng LU
Chief Attorney of BONBONWU, Partner Attorney of Dentons (China), which consists of 45 offices and spans all of provinces and autonomous regions of China.
  • Ask for advice about law of PRC

  • Feel free to contact us using the form below and we will get back to you as soon as possible
FAMILY LAWYER IN CHINA | CALL FOR A CONSULTATION: +86 18513817885 Email: bonbonwo@163.com