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Implementing Rules of Regulations of Shenzhen Special Economic Zone on Auction of Properties

Implementing Rules of Regulations of Shenzhen Special Economic Zone on Auction of Properties

No. 84th Decree of Shenzhen Municipal People' s Government.

Implementing Rules of Regulations of Shenzhen Special Economic Zone on Auction of Properties have been reviewed and adopted at the 134th meeting of the second executive meeting of Shenzhen Municipal People' s Government on May 27th, 1999.

 

These regulations are herein promulgated and shall take effect as of the date of promulgation.

Mayor Li Zibin

August 17th, 1999.

Implementing Rules of Regulations of Shenzhen Special Economic Zone on Auction of Properties

Article 1 These rules are formulated in accordance with Article 83 of the Regulations of Shenzhen Special Economic Zone on Auction of Properties (hereinafter referred to as the "regulations" ).

   Article 2 In the case of establishing an agency of auction in Shenzhen Special Economic Zone, the applicant shall apply to the Municipal Industrial and Commercial Authority for registration and business license after getting the approval of the Municipal Commodity Circulation Authority as well as the special type license from the Municipal Public Security Authority.

To engage in auction business of cultural relic, the agency shall have registered capital of no less than RMB 10,000,000 and obtain the license for sales of cultural relic according the law.

Article 3 The financial agencies of the municipality and districts shall establish administrative organization for public property storehouse separately to engage in the administration of public property storehouse respectively.

Article 4 The municipality and districts administrative organization for public property storehouse shall establish and perfect the system of property storage, insurance, move-in and move-out. The List of Property Receipt which after being checked, shall be signed and sealed by the parties of delivery and submitted to the financial agencies of the municipality and districts for record respectively.

In case the financial agencies and administrative organizations for public property storehouse of the municipality and districts violate relevant rules, dispose public properties without authorization, administrative liabilities of the persons that bear responsibilities and the persons directly responsible shall be investigated by the supervisory department. Where there are losses to the State assets, they shall be responsible for the compensation. And if it constitutes a crime, they shall be prosecuted for criminal liabilities according to the law.

The audit and supervision department of the municipality and districts shall execute their duties to supervise the daily operation of the public property storehouses.

Article 5 The agencies of auction mentioned in Article 9 and Article 10 of the Regulations of Shenzhen Special Economic Zone on Auction of Properties shall be determined and appointed by the municipal government according to actual need through public bidding.

The municipal finance department takes charge in the specific bid work. The public bidding committee of the municipal agencies of auction, which constitutes by the municipal finance, law, commodity circulation, industry and commerce, public security, plan and land resource, culture, audit, and supervision of the municipality and custom, court and relevant auction experts, takes charge in the synthetically evaluating of the agencies of auction who participate in the public bidding, puts forward measures for comment and decide on a bid, studies out the base price for bid and decides on the bid winner.

The following contents shall be synthetically evaluated:

1. the business scale and scope of the agencies of auction;

2. morality record of the auctioneer and other persons participate in the auction;

3. the business achievement and ratepaying situation of the former two years;

4. the illegal auction record;

5. the amount of professional personnel of auction in the agency of auction;

6. other requirements sets by the municipal government.

Article 6 Any appointed agency of auction, which affirmed to subject to one of the circumstances stipulated by Article 23 of the Regulations by the public bidding committee of the municipal agencies of auction, shall be withdrawn of its qualification of auction of properties provided in Articles 9 and Article 10 of the Regulations and thereby be proclaimed.

If it is necessary to appoint else agency of auction, the municipal government shall invite public bidding anew.

Article 7 In case the goods of auction are monopolized commodities or commodities under exclusive rights which stipulated by laws and regulations, the bidder shall have a corresponding valid certification.

Article 8 In case the progress of auction suspends or ends according to the Regulations, the auctioneer shall notice the bidder and explain the reasons.

In case the progress of auction continues when the reasons of the stops have been removed, the auctioneer shall release the notice of auction.

Article 9 The real estates, with which land-use right obtained through administrative allocation or the way of abating or exempting the price of the land, shall not be sold by auction unless having been approved by the Competent Authority as well as having made up the payable price of the lands. Such auction without authorization or shall be invalid. Relevant persons liable shall be punished by the municipal administrative department of real estate according to relevant laws and regulations.

The aforesaid real estates which the judicial body or administrative department ordered to seal up or sell by compulsorily auction, the payable price of the lands may be made up after the auction after being approved by the municipal real estate administrative agency, but shall be deducted from the concluding price of auction in priority.

Article 10 Confirmation of Transaction of Auction of Real Estate shall have the following terms:

1. names and addresses of the parties of auction;

2. classification and number of certificate of property right of the real estate;

3. locations, areas, and four boundaries of the real estate;

4. lot umber of the land, the character and year limits of the land-use right;

5. sharing rights and interests of the public parts and the rights and duties of co-owners;

6. the date of auction and delivery of real estates;

7. the concluding price of auction and the way and deadline of payment;

8. liabilities for breach of contract and measures of resolving dispute;

9. other items needing to agree on.

Article 11 After transaction of auction of the real estate, the consigner and purchaser may apply to the municipal administrative department of real estate for handling the registration of the transfer of the ownership of real estate according to laws and regulations with the presentation of the valid Confirmation of Transaction of Auction of Real Estate and relevant materials, the department shall handle such registration. If it is necessary , the auctioneer shall assist the purchaser.

Article 12 No auction of cultural relics that are prohibited in circulation shall be conducted. Auction of cultural relics that are limited in circulation shall be with appraisal and approval from relative cultural administrative department.

Article 13 The cultural administrative department shall give the appraisal conclusion and written reply on approval or disapproval of auction within 15 working days from the date of receiving the application for appraisal of cultural relics. If it fails to give such conclusion or written reply within the aforesaid time limit, it may take it for granted that it approves the auction.

If the cultural relics for appraisal are prohibited to be schlepped or shipped out the country according to laws, the details thereby shall be clearly recorded in the appraisal conclusion.

Article 14 The cultural relics which appraised to have important historical, scientific and artistic value, the cultural administrative department may limit the scope of agencies of auction and require directional auction. The scope of bidders limits to such cultural relics collection and research institution such as state-owned museums and arts halls or state-owned enterprises and government-sponsored institutions.

The scope of cultural relics that have important historical, scientific and artistic value mentioned in the aforesaid paragraph shall be publicized in public.

Article 15 The agencies of auction shall registered the cultural relics that are to be auctioned. Name, character, origin and right of disposal, consigner and name, address and other basic information of the purchasers shall be recorded.

The registration record mentioned in the aforesaid paragraph shall be preserved with the record of the auction at the same time. The preservation shall not less than 5 years as of the date of transaction of auction.

Article 16 If the purchaser want to schlep or ship the cultural relics out the country after the transaction of auction, he shall handle relevant procedures.

In the case of auctioning the cultural relics that come from overseas, the consigner or auctioneer shall apply to the custom and cultural relics export appraisal department for handling procedures of temporary entrance and re-leave the country with the presentation of the entrance customs declaration.

Article 17 In the case of auctioning titles or stock rights or other properties rights of an enterprise, the consigner shall have valid disposal right and such auction shall meet the requirements that provided by laws and regulations.

In case evaluation of auction object before auction is required by law or the consigner, the evaluation fees shall be assumed by the consigner; In case the auction object is sealed up or sold by compulsorily auction, the evaluation fees may be deducted from the concluding price of auction after the transaction of auction.

Article 18 In case the purchaser apply for handling the registration of the transfer of the ownership of the vehicle with the presentation of the Confirmation of Transaction of Auction and relevant materials after the transaction of the vehicle by auction, the traffic department of the municipal public security shall handle such procedure according to relevant rules of the state.

The auction of business license for taxi shall be carried out according to the Regulations of Shenzhen Special Economic Zone on Administration of Taxi and its implementing rules.

Article 19 The auction of the following goods shall be carried out according to the rules implemented by the state separately:

1. after having been quarantined to be eligible, the perishable goods such as fruit, vegetable, fish, meat and refrigerant goods and other goods that are difficult to preserve for a long time, may be auctioned on the spot abide by the principles of public bid and an owner with the highest price;

2. the confiscated and pursued cultural relics, guns, ammos and other combustibles and explosives that are prohibited in currency, shall be turn in to the special department for disposal by the authority of law enforcement according to the rules implemented by the state and at the same time reported the finance department of the municipality and districts for record;

3. scrap and old plastic, dress, and other industrial flotsam, after being appraised quarantined and sterilized, shall be disposed according to the rules implemented by the state;

4. nasty book and periodical, pirate disk, tape, video tape etc., after being appraised and affirmed by relevant department, shall be destroyed by relevant department of law enforcement according to the rules implemented by the state and at the same time reported the finance department of the municipality and districts for record.

Article 20 The Trade Association of Auction of Shenzhen Municipality, which being registered and established according to the law, is a self-disciplined corporation of trade of auction. The association is responsible for drawing the conduct standard and moral standard for trade of auction, organizing the training and examination for the persons to take the occupation of auction, and implementing supervision over the agencies of auction and their employees according to laws, regulations and articles of the association.

Article 21 These implementing rules shall take effect as of the date of promulgation.


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