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For competing assignments/factoring/receivables pledges, registration timing is central under Civil Code Article 768 and the SPC security interpretation; if neither is registered, debtor-notice timing can control.
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Interactive China legal orientation tool. Review the result with the relevant legal guide and qualified counsel where facts or local implementation matter.
For competing assignments/factoring/receivables pledges, registration timing is central under Civil Code Article 768 and the SPC security interpretation; if neither is registered, debtor-notice timing can control.
Use the output to organize the facts, then confirm the source, evidence, local implementation and available remedy before acting.