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Auction Law of the People's Republic of China
(Adopted at the 20th Meeting of the Standing Committee of the 8th National People's Congress on July 5, 1996)

Chapter I - General Provisions

Article 1

Article 2

Article 3

Article 4

Article 5

Article 6

Chapter II - Auction Targets

Article 6

Article 7

Article 8

Article 9

Chapter Three - Parties Involved in Auction

Section III - Auctioneers

Article 10

Article 11

Article 12

Article 13

Article 14

Article 15

Article 16

Article 17

Article 18

Article 19

Article 20

Article 21

Article 22

Article 23

Article 24

Section Two - Trustees

Article 25

Article 26

Article 27

Article 28

Article 29

Article 30

Article 31

Section Three - Bidders

Article 32

Article 33

Article 34

Article 35

Article 36

Article 37

Section Four - Buyers

Article 38

Article 39

Article 40

Chapter IV - Auction Procedures

Section One - Auction Trust

Article 41

Article 42

Article 43

Article 44

Section Two - The Auction Notice and Display

Article 45

Article 46

Article 47

Article 48

Section Three - The Implementation of Auctions

Article 49

Article 50

Article 51

Article 52

Article 53

Article 54

Article 55

Section Four - Commission

Article 56

Article 57

Chapter V - Legal Liabilities

Article 58

Article 59

Article 60

Article 61

Article 62

Article 63

Article 64

Article 65

Article 66

Chapter Six - Supplementary Articles

Article 67

Article 68

Article 69

Metadata

SiSU Metadata, document information

Manifest

SiSU Manifest, alternative outputs etc.

China - Auction Law, 1996

MOFTEC

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Auction Law of the People's Republic of China
(Adopted at the 20th Meeting of the Standing Committee of the 8th National People's Congress on July 5, 1996)

Chapter Three - Parties Involved in Auction

Section Two - Trustees

Article 29

Before an auction begins, an trustee may withdraw his or her auction targets. Should a trustee withdraw his or her auction targets, he or she shall pay costs as agreed upon to the auctioneer. In the absence of an agreement, he or she shall pay the auctioneer reasonable costs paid for an auction.


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