Property to be seized to pay court verdicts

A national online system to search for the property information of people who have failed to carry out court judgments is taking shape, an official of China's top court said on Wednesday.

The system, which will cover all regions of the country, aims to help courts discover what property and other assets are held by defaulters, with a view toward liquidating them to enforce monetary judgments, according to Jiang Bixin, vice-president of the Supreme People's Court.

"Our goal is to figure out various property information through the system, including defaulters' lands, houses, savings, financial products, securities, stocks and vehicles," Jiang said.