I. Account Receivables Registry
The CCRC operates the account receivables registry as authorized and mandated under Article 228 of the Property Law. As is prescribed by Article 4 of the Measures for the Registration of the Pledge on Account Receivables (PBC Decree [2007] No.4), an account receivable refers to an existing or future monetary obligation (other than obligation represented by a note or other negotiable instrument) that arises from the provision of goods, services or a loan transaction. Registration is mandatory for pledges on account receivables. The purpose of registration is to record the fact of the receivable(s) in question and thereby to establish legal protection against any claims made by a third party.

II. Account Receivables Transfer Registry
The account receivables transfer registry service is chiefly designed for the transfer of receivables in factoring business, which is a comprehensive financial service that integrates sales account management, the collection of account receivables, credit risk guarantee and trade financing specially provided for trade on credit. The core legal relationship in factoring is the transfer of account receivables. An account receivable is an intangible right of the creditor. A transfer registry helps to make the transaction more transparent, avoiding any rights conflict that may arise from the pledge of a transferred account or the transfer of a pledged account. As such, transaction safety is guaranteed.

III. Financial Leasing Registry
The financing leasing registry service is chiefly designed for financial leasing transactions. According to Chapter 19 of the Contract Law, financial leasing refers to a form of transaction where the lessor purchases the asset (lease) selected by the lessee and provides such asset for the use of the lessee, for which the lessee makes a series of rental fee payments. Through lease registry, the lessor can establish clear ownership of said leased asset in order to protect his/her rights. A third party may seek to understand the rights status surrounding the leased property and hence avoid transaction risks by making a registry query.

IV. Retention of Ownership Registry
Retention of ownership usually refers to a kind of commercial agreement with certain conditions placed on the buying and selling relationship between the seller and the buyer. These conditions typically stipulate that the buyer may occupy a certain movable property first although he/she may only obtain the ownership of the subject matter only after making the payment under the contract in full or after he/she has met certain other conditions. The retention of ownership registry is designed to avoid any rights dispute that may arise from the occupant and the owner (when they are not the same party) of said movable property. Article 134 of the Contract Law provides that parties to a sales contract may agree that ownership of a specific property may continue to reside with the seller should the buyer fails to pay the sales price in full or perform other obligations specified. This is the legal ground for the retention of ownership. Retention of ownership transactions are most typically seen in transactions where instalment payments are involved.

V. Hire Purchase Registry
Hire purchase is a form of credit purchase for expensive movable properties such as automobiles. In such transactions, the seller allows the buyer to purchase any such property by means of lease, that is, during the instalment period, the buyer is simply a lessee of said property, the ownership of which remains with the seller until the buyer makes the payment in full. Hire purchase registry can help to avoid any rights conflict that may arise due to the difference between the time of rights transfer and the time of delivery. Third parties may also avail themselves of such information should they need to clarify the ownership status of the subject matter and hence avoid potential rights conflict.

VI. Lien Registry
The lien registry service is designed for liens prescribed by the Property Law of China. The term “lien” mainly refers to credit relationships that arise from operational activities between different enterprises. When the debtor fails to perform the due debt, the creditor can retain the movable property of the debtor which it is occupying legally and enjoy legal priority for any compensation for such movable property. Liens are usually deployed in deposit contracts, carriage contracts and processing contracts. The lien registry is mainly designed to resolve any conflicts between lien and mortgage rights with regard to movable properties and to reduce the potential impact on a bona fides third party by the prioritisation of compensation under a lien.

VII. Registry of Other Types of Movable Secured Interests
In certain secured transactions involving movable property, the occupant and the owner of the subject matter may not be the same person. In that case, the creditor needs to file a record of said property’s ownership status at a legally-prescribed registry. The CCRC Unified Movables Secured Interest Registry is such a registry that provides this registry service. Third parties may access information on such a secured transaction in the registry and thereby avoid any potential rights conflict.