Chapter I General Rules Ar cle 205 This Book regulates the civil-law rela ons arising from the a ribu on and u liza on of things. Ar cle 206 The State upholds and improves the fundamental socialist economic systems, such as the ownership system under which diverse forms of ownership co-develop with public ownership as the mainstay, the distribu on system under which mul ple forms of distribu on co-exist with distribu on according to work as the mainstay, as well as the system of socialist market economy. The State consolidates and develops the public sector of the economy, and encourages, supports, and guides the development of the non-public sector of the economy. The State implements a socialist market economy and protects the equal legal status and development rights of all market par cipants. Ar cle 207 The real rights of the State, collec ves, private individuals, and the other right holders are equally protected by law and free from infringement by any organiza on or individual. Ar cle 208 The crea on, altera on, aliena on, or ex nguishment of the real rights in immovable property shall be registered in accordance with law. The crea on and aliena on of real rights in movable property shall be subject to the delivery of the movable property in accordance with law. Chapter II Crea on, Altera on, Aliena on, and Ex nguishment of Real Rights Sec on 1 Registra on of Immovable property Ar cle 209 The crea on, altera on, aliena on, or ex nguishment of a real right in immovable property shall become e ec ve upon registra on in accordance with law, and shall not take e ect without registra on, unless otherwise provided by law. Ownership registra on is not required for natural resources that are owned by the State in accordance with law. Ar cle 210 The registra on of immovable property shall be handled by the registra on authority at the place where the immovable property is located. The State implements a uni ed registra on system with respect to immovable property. The scope, authori es, and measures for the uni ed registra on shall be speci ed by laws and administra ve regula ons. Ar cle 211 When applying for registra on of immoveable property, an applicant shall, in light of the di erent items to be registered, provide necessary materials such as the proof of real rights, metes and bounds, and area of the immovable property. Ar cle 212 The registra on authority shall perform the following responsibili es: (1) to examine the proof of real rights and other necessary materials provided by the applicant; (2) to inquire the relevant registra on items of the applicant; (3) to register the relevant items truthfully and in a mely manner; and (4) to perform other responsibili es as provided by laws and administra ve regula ons. Where further proof is required for the relevant informa on of the immovable property to be registered, the registra on authority may require the applicant to provide supplementary materials, and may conduct onsite inspec on where necessary. Ar cle 213 A registra on authority may not engage in the following acts: (1) to require an appraisal of the immovable property; (2) to carry out repeated registra on in the name of annual inspec on, and the like; or (3) to engage in other acts that exceed the scope of its responsibili es for registra on. ff ti ti ti ti ti ti ti ti ff ti ti ti ti tt fi ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti fi ti ti ti ti ti ti fi ti ti ti ti ti ti ti ti ti ti ti ti ff ti ti ti ti ti ti ti ti ti ti ti ti ti ti 25