Scan
12
2021-11
Recently, the Ministry of Finance issued the "Guiding Opinions on Further Strengthening the Regulation of the Asset Valuation Industry" (hereinafter referred to as the "Opinions"), which proposes 12 specific measures covering aspects such as quality control in practice, risk prevention mechanisms, and coordinated regulatory collaboration, drawing widespread attention from the industry. Meanwhile, the application of technologies such as AI valuation models and big-data asset verification is gradually being implemented in the asset valuation sector, driving the industry’s transformation from traditional service models toward a more integrated approach that combines "professional expertise with technology," thereby providing more precise value references for the development of the real economy.
12
2021-11
Analysis of Key Issues Subject to Penalties
In the penalty cases, violations of 23 assessment guidelines and 193 specific provisions totaled 1,109 instances. The guidelines with the highest number of violations were: "Guidelines for Asset Valuation Practice—Asset Valuation Procedures," "Guidelines for Asset Valuation Practice—Asset Valuation Reports," "Guidelines for Asset Valuation Practice—Asset Valuation Files," "Basic Guidelines for Asset Valuation," and "Guidelines for Asset Valuation Practice—Enterprise Value," with 279, 165, 162, 112, and 101 violations, respectively.
12
2021-11
Analysis of Self-Discipline and Disciplinary Measures
From 2021 to 2023, a total of 123 instances of self-disciplinary sanctions were imposed on asset valuation agencies: 12 instances in 2021, 33 instances in 2022, and 78 instances in 2023. These sanctions were distributed across 28 regions, with the top three being Beijing, Guangdong (excluding Shenzhen), and Jiangsu.
10
2022-01
Analysis of Administrative Penalty Cases
From 2021 to 2023, a total of 93 instances of asset valuation agencies received administrative penalties—18 instances in 2021, 26 instances in 2022, and 49 instances in 2023. These agencies were distributed across 25 regions, with the top five being Shanxi, Hunan, Beijing, Jilin, and Sichuan.
28
2022-07
Overall Penalty Situation from 2021 to 2023
From 2021 to 2023, financial authorities at all levels and asset valuation associations issued a total of 547 administrative penalty and self-regulatory disciplinary decisions (hereinafter collectively referred to as “penalty decisions”), involving 216 instances of asset valuation agencies, 466 individual asset valuers, and 586 asset valuation reports.
By year, in 2021 there were 68 penalty decisions, affecting 30 instances of asset valuation agencies, 54 individual asset valuers, and 52 asset valuation reports; in 2022, there were 158 penalty decisions, affecting 59 instances of asset valuation agencies, 143 individual asset valuers, and 168 asset valuation reports; and in 2023, there were 321 penalty decisions, affecting 127 instances of asset valuation agencies, 269 individual asset valuers, and 366 asset valuation reports. The number of penalties has been increasing year by year.
08
2024-02
Notice on Strengthening Data Asset Management in Administrative and Public Institutions
Relevant departments of the Party Central Committee, all ministries and commissions of the State Council and their directly affiliated institutions, the General Office of the Standing Committee of the National People's Congress, the General Office of the National Committee of the Chinese People's Political Consultative Conference, the Supreme People's Court, the Supreme People's Procuratorate, the central committees of various democratic parties, relevant people’s organizations, the finance departments (bureaus) of all provinces, autonomous regions, municipalities directly under the central government, and cities under separate planning, the Finance Bureau of the Xinjiang Production and Construction Corps, and centrally-administered enterprises concerned:
15
2024-04
Since the 18th National Congress of the Communist Party of China, China’s capital market has experienced rapid development and has played a significant role in promoting optimal allocation of resources, driving rapid economic growth and long-term social stability, and supporting scientific and technological innovation. To thoroughly implement the spirit of the Central Financial Work Conference and further promote high-quality development of the capital market, we hereby put forward the following recommendations.
17
2024-05
To implement the requirements of documents such as the "Notice Issued by the General Office of the CPC Central Committee and the General Office of the State Council on Further Strengthening Financial and Accounting Supervision," the Supervision and Evaluation Bureau of the Ministry of Finance, together with the China Association of Asset Appraisers (hereinafter referred to as CAAA), continues to strengthen joint supervision over the asset appraisal industry in accordance with laws and regulations including the "Asset Appraisal Law of the People's Republic of China," thereby promoting improvements in the quality of practice within the industry and fostering a cleaner and healthier development environment.
24
2024-05
Ministry of Finance’s Legislative Work Plan for 2024
The year 2024 marks the 75th anniversary of the founding of the People’s Republic of China and is a pivotal year for achieving the goals and tasks set forth in the 14th Five-Year Plan. Under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core, the Ministry of Finance adheres to the guiding principles of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implements the spirit of the 20th National Congress of the Communist Party of China and the Second Plenary Session of the 20th Central Committee, as well as the decisions and deployments of the Party Central Committee and the State Council. The Ministry also deeply studies and applies Xi Jinping’s thought on the rule of law, consistently ensures that legislative work proactively supports the overall cause of fiscal reform and development, steadily advances the construction of a sound system of fiscal legal norms, and strives to enhance the quality of fiscal legislation, thereby providing solid legal guarantees for the high-quality development of the fiscal sector.
29
2024-05
On June 19, the China Securities Regulatory Commission (CSRC) released the "Eight Measures for Deepening the Reform of the STAR Market and Serving the Development of Technological Innovation and New Quality Productivity" (hereinafter referred to as the "Eight Measures"), further deepening reform, enhancing inclusiveness toward new industries, new business models, and new technologies, leveraging the functions of the capital market, and better serving the overall goal of Chinese-style modernization.
Zhongqin Asset Appraisal Co., Ltd. is a nationwide, specialized appraisal firm approved jointly by the State Administration for Market Regulation and the Beijing Municipal Bureau of Finance, holding qualifications for asset appraisal. It has been registered with the China Securities Regulatory Commission and obtained securities and futures practice qualifications, making it a nationally recognized economic certification service institution.
Quick links
Zhongqin Asset Appraisal Co., Ltd.
Address: 8th Floor, Building B, Shidai Caifu, No. 1 Hangfeng Road, Fengtai District, Beijing市
Copyright © 2025 Zhongqin Asset Appraisal Co., Ltd. Website Development:www.300.cn|Tag|Privacy Policy
Business license