29

2024-05

Li Qiang signed a State Council decree promulgating the "Regulations on Disciplinary Actions Against Managers of State-Owned Enterprises."


To standardize the disciplinary measures against managers of state-owned enterprises and strengthen oversight of such managers, these Regulations are formulated in accordance with the “Administrative Disciplinary Measures for Public Officials of the People’s Republic of China” (hereinafter referred to as the “Administrative Disciplinary Measures for Public Officials”) and other relevant laws.

21

2024-06

Notice from the General Office of the Ministry of Finance and the General Office of the China Securities Regulatory Commission on Public Solicitation of Comments on the “Measures for the Filing of Asset Valuation Agencies Engaging in Securities Services (Draft for Comments)”


To further strengthen the supervision and management of asset valuation agencies engaging in securities services business and to standardize their filing practices for such activities, the Ministry of Finance, together with the China Securities Regulatory Commission, has revised the “Measures for the Filing of Asset Valuation Agencies Engaging in Securities Services Business” (Cai Zi [2020] No. 114) and has drafted the “Measures for the Filing of Asset Valuation Agencies Engaging in Securities Services Business (Draft for Comments).” We are now soliciting public comments on this draft.

08

2024-07

Notice from the General Office of the State Council forwarding the “Opinions on Further Strengthening Comprehensive Measures for the Prevention and Punishment of Financial Fraud in the Capital Market” issued by the China Securities Regulatory Commission and other departments.


The capital market plays a crucial role in financial operations—its stability affects the entire financial system. Financial fraud severely disrupts the order of the capital market and undermines investor confidence. In recent years, all relevant parties have earnestly implemented the decisions and deployments of the Party Central Committee and the State Council, continuously intensifying regulatory enforcement efforts. As a result, a number of financial fraud cases have been promptly investigated and dealt with, effectively improving the market environment.

15

2024-07

Rushing to Shidu—Fueling Team Spirit: A Unity-Building Retreat Where Everyone Unites to Chase Our Shared Dreams


Every step taken side by side infuses the team with even greater strength; every shared journey filled with unity and determination fills our path of struggle with passion and glory! As we bask in the crisp, refreshing autumn air and the vibrant energy of midsummer, we’re about to bid farewell to our busy daily routines and set off fully prepared for the lush green mountains and clear waters of Shidu in Fangshan—a journey that’s not only a delightful escape into nature, but also a passionate gathering where Zhongqin people come together to forge consensus and strengthen our team spirit!

18

2024-07

Communique of the Third Plenary Session of the 20th Central Committee of the Communist Party of China


Attending this plenary session were 199 members of the Central Committee and 165 alternate members of the Central Committee. Members of the Standing Committee of the Central Commission for Discipline Inspection and leading officials from relevant departments also attended the meeting as observers. Some grassroots representatives and expert scholars among the delegates to the 20th National Congress of the Party also attended the meeting as observers.

22

2024-07

Decision of the CPC Central Committee on Further Deepening Reform in a Comprehensive Manner and Promoting Chinese-style Modernization


(1) The importance and necessity of further deepening reform in a comprehensive and thorough manner. Reform and opening-up is the vital key that has enabled the Party and the people’s cause to make great strides in keeping pace with the times. The Third Plenary Session of the 11th Central Committee of the Party was epoch-making, marking the beginning of a new era of reform and opening-up and socialist modernization. Similarly, the Third Plenary Session of the 18th Central Committee of the Party was also epoch-making, launching a new journey of comprehensively deepening reform and systematically and holistically designing and advancing reform in the new era, thus ushering in an entirely new phase for China’s reform and opening-up.

31

2024-07

365 million yuan! The largest-ever data asset valuation in the country has been released! Data Asset Valuation Report


This report, through case studies of data assets across multiple industries, proposes theoretical and practical approaches for recognizing and valuing data assets, providing a reference framework for enterprises and asset valuation institutions. In the future, as the data-factor market continues to develop and mature, the value of data assets will be more fully realized, injecting new momentum into economic and social development.

01

2024-08

Xi Jinping issued important instructions on promoting high-quality development of Party building within central and state organs by studying and implementing the spirit of the Third Plenary Session of the 20th CPC Central Committee.


Xinhua News Agency, Beijing, July 31 — Xi Jinping, General Secretary of the CPC Central Committee, President of the country, and Chairman of the Central Military Commission, recently issued important instructions emphasizing that thoroughly studying and implementing the spirit of the Third Plenary Session of the 20th CPC Central Committee and promoting high-quality development of Party building within central and state organs is a major political task for the entire Party and the whole nation both now and in the period ahead. As the “first mile” in implementing the decisions and deployments of the Party Central Committee, central and state organs must take the lead in studying, publicizing, and implementing the spirit of the Third Plenary Session.

02

2024-08

Xi'an City Holds the First Session of the Second Members’ Congress of the Forensic Expertise Association.


On August 2, the Xi'an Municipal Justice Bureau organized and convened the first session of the second membership congress of the city’s Forensic Expertise Association, successfully completing the leadership transition. Gao Wei, Director of the Public Legal Services Management Division of the Provincial Department of Justice, attended the meeting to provide guidance. Wang Xiongao, Secretary-General of the Provincial Forensic Expertise Association, delivered a speech at the meeting. Su Guofeng, Director of the Municipal Justice Bureau, attended the meeting and delivered a speech. The meeting was chaired by Lei Jingru, Deputy Director of the Municipal Justice Bureau. More than 300 professionals from the city’s forensic expertise industry participated in the meeting.

07

2024-08

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, the numbers were as follows: In 2021, there were 68 decisions involving 30 instances of asset valuation agencies, 54 individual asset valuers, and 52 asset valuation reports; in 2022, there were 158 decisions involving 59 instances of asset valuation agencies, 143 individual asset valuers, and 168 asset valuation reports; and in 2023, there were 321 decisions involving 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.
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