The way of dividing property stipulated by law is that after marriage, the property belongs to both husband and wife. However, if the divorce is reached by agreement, there is no need to manage the legal provisions. As long as both parties agree, they can make any agreement.
The division of property shall be agreed one by one according to the type of property. For example, the first item is house property (indicating the number of property right certificate), followed by car (indicating the vehicle identification number), deposit, insurance, stock, fund, bond, creditor's rights and debt and other property types.
Some Specific Opinions on the People's Court's Handling of Divorce Cases and Property Division
Article 14 of Interpretation 3 of the New Marriage Law
Article 39 of the Marriage Law of the People's Republic of China
