Article 184 of the Property Law of the People's Republic of China stipulates that the following movable assets shall not be mortgaged: (1) educational facilities, medical and health facilities and other facilities of public welfare of public institutions and social organizations such as schools, kindergartens, hospitals, etc.;
(2) property whose ownership or right of use is unknown or disputed;
(3) property which has been seized, detained, supervised or controlled by the government in accordance with the law;
(4) property which is not under the control of the government;
The following are not subject to the mortgage. (C) property that has been seized, detained or supervised by law;
(D) other property that cannot be mortgaged under the provisions of laws and administrative regulations.
Article 189 of the Property Law of the People's Republic of China stipulates that if an enterprise, an individual industrial or commercial enterprise, or an agricultural producer mortgages a movable property as stipulated in Article 181 of the Law, the mortgage shall be registered with the industrial and commercial administrative department of the mortgagor's domicile.
Article 2 of the "Measures for Registration of Movable Property Mortgages" of the State Administration for Industry and Commerce stipulates that enterprises, individual industrial and commercial households, and agricultural operators shall register with the county-level administration for industry and commerce department of the mortgagor's domicile for the mortgages of their existing production equipment, raw materials, semi-finished products, and products that they will have.