Funds and assets related to terrorist groups and the facilitators of terrorist activities should be frozen immediately after a list of such groups and people is confirmed by authorities, according to a draft rule.

The draft rule - compiled jointly by the People's Bank of China, the Ministry of Public Security and the Ministry of State Security - was published by the Legislative Affairs Office of the State Council on its website on Thursday. The office is soliciting public opinion until June 23.

The draft forbids anyone or any group to provide or raise funds for terrorist organizations and their members and also stipulates that no one should supply any form of service to or facilitate terrorism.

The draft stipulates that financial institutions and certain non-financial institutions should freeze funds and other assets related to terrorist organizations and their members, according to a list released by the Ministry of Public Security.

These institutions should report any suspicious transaction, and should keep secret the freezing of funds.

Government employers who disclose information that results in terrorist organizations illegally transferring or concealing their assets before being frozen could face criminal charges.

The draft rule is intended to put into practice a decision adopted in October 2011 by China's top legislature for strengthening counter-terrorism efforts, which urges improving the mechanism for freezing terrorist-related assets.

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