Article 154 of the Supreme People's Court's Interpretation on the Application of the Civil Procedure Law of People's Republic of China (PRC) stipulates that when the people's court takes measures to seal up, detain or freeze property in property preservation, it shall properly keep the sealed up, detained or frozen property. If it is not suitable to be kept by the people's court, the people's court may designate the protected person to be responsible for keeping it; If it is not suitable to be kept by the protected person, it may entrust others or apply for keeping by the custodian.
Sealing up, distraining and freezing the secured property possessed by the security owner is generally kept by the security owner; Where it is kept by the people's court, the pledge and lien shall not be extinguished by taking preservation measures.
Legal basis: Interpretation of the Supreme People's Court on the Application of the Civil Procedure Law of People's Republic of China (PRC) Article 154 When the people's court takes measures to seal up, seize or freeze property, it shall properly keep the sealed up, seized or frozen property. If it is not suitable to be kept by the people's court, the people's court may designate the protected person to be responsible for keeping it; If it is not suitable to be kept by the protected person, it may entrust others or apply for keeping by the protected person.
Sealing up, distraining and freezing the secured property possessed by the security owner is generally kept by the security owner; Where it is kept by the people's court, the pledge and lien shall not be extinguished by taking preservation measures.