Industry information
Industry information
当前位置: Website homepage > News Center > Industry informationAnnouncement of the Ministry of Finance of the People's Republic of China
No. 36 of 2022
In accordance with the Assets Appraisal Law of the People's Republic of China, the Supervision and Evaluation Bureau of the Ministry of Finance and the China Assets Appraisal Association (hereinafter referred to as the China Appraisal Association) organized the first joint inspection of the asset appraisal industry, and punished some asset appraisal institutions (hereinafter referred to as securities appraisal institutions) and asset appraisers that have filed for securities services. The relevant information is hereby announced as follows:
1、 Inspection progress
In order to better transform the advantages of the supervision system of the asset appraisal industry into governance efficiency and promote the sustainable and healthy development of the asset appraisal industry, in February 2021, the General Office of the Ministry of Finance issued the Several Measures to Strengthen the Joint Supervision of the Asset Appraisal Industry (Cai Ban Jian [2021] No. 7), established a joint supervision mechanism combining the administrative supervision of the asset appraisal industry and the industry self-discipline, and clarified the "six unifications" and "three equal emphasis" of the industry supervision The basic principles of "one inspection and two penalties" have realized the coordination and mutual promotion of administrative supervision and industry self-discipline. From June to August 2021, the Supervision and Evaluation Bureau of the Ministry of Finance and the China Appraisal Association jointly organized 7 supervision bureaus of the Ministry of Finance to inspect 15 securities appraisal institutions, and randomly inspected 262 asset appraisal reports.
2、 Main problems found in inspection
In general, the securities evaluation institutions inspected this time can basically conduct business in accordance with the evaluation criteria and professional ethics, but there are still some problems in internal governance, professional competence, quality control system and project practice quality. It mainly includes:
(1) Internal governance needs to be standardized. The integrated management of the headquarters and branches of some institutions is not in place, and a complete internal management system has not been established, or the system has not been effectively implemented. Income-cost accounting, salary expensed, and registered practice are still common.
(2) Professional competence needs to be improved. Some new securities evaluation institutions have insufficient understanding of the complexity of securities business, weak risk awareness, and improper handling of practice, which fail to meet the corresponding quality requirements of practice.
(3) The quality control system needs to be improved. The three-level review of the evaluation report of some institutions is a mere formality, and the procedures such as risk evaluation, professional competence evaluation and evaluation plan have not been adjusted and optimized in time according to the contents of the new standard; Some of the new securities evaluation institutions have inadequate practice quality control systems and accountability mechanisms, and have not established risk control committees and independent quality control departments.
(4) The quality of practice needs to be improved. Some projects have problems such as non-standard signing of business entrustment contracts, inadequate collection of evaluation data, inadequate implementation of on-site investigation procedures, lack of substantive investigation records, incorrect selection of evaluation conclusion formulas and parameters, lack of analysis and calculation basis or process for selected parameters, and inadequate disclosure of information in the evaluation report.
3、 Handling punishment
After the on-site inspection, the Supervision and Evaluation Bureau of the Ministry of Finance and the China Appraisal Association organized a professional technical demonstration for some problems suspected of constituting major omissions in the asset appraisal report in accordance with the provisions of the Measures for Financial Supervision and Administration of the Asset Appraisal Industry (Order No. 97 of the Ministry of Finance) to ensure that the problems found in the inspection are accurate in nature and properly handled, and in accordance with the principle of "one inspection and two penalties", Administrative punishment and self-discipline punishment were carried out for the problems found in the inspection.
(1) The assets appraisal report of the total equity value of a company's shareholders issued by Shandong Jiufeng Land Real Estate Assets Appraisal and Consulting Co., Ltd. has some problems, such as the failure to implement the appraisal procedure according to the guidelines listed in the appraisal report, the failure to consider some important parameters in the calculation model, the error in the application of net non-operating income and expenditure, resulting in huge differences in the appraisal results, and the non-standard field investigation. According to the Measures for Financial Supervision and Administration of the Assets Appraisal Industry, the above matters constitute major omissions. The Ministry of Finance gave Shandong Jiufeng Land and Real Estate Assets Appraisal Consulting Co., Ltd. a warning and ordered to suspend business for three months according to law; The signing asset appraisers Du Yezhong and Li Zhaolun were given a warning and ordered to stop working for six months.
(2) The market value evaluation report of two registered trademark ownership of a company issued by Sichuan Dayou Real Estate Land Assets Evaluation Co., Ltd. has problems such as the overestimation of the evaluation value caused by the calculation error of the discount coefficient when the income method is used to evaluate the trademark assets, and the overestimation of the evaluation value caused by the removal and resettlement income not associated with the evaluation trademark. According to the Measures for Financial Supervision and Administration of the Assets Appraisal Industry, the above matters constitute major omissions. The Ministry of Finance imposed administrative punishment of warning on the signed asset appraisers Li Shunmei and Wang Qin according to law.
(3) For other problems found in the inspection, the self-discipline punishment of the industry will be given according to the Measures for Self-discipline Punishment of Practicing Behaviors of Members of the China Assets Appraisal Association (ZPA [2018] No. 23). namely:
Give a serious warning to Tianjin Guangyu Assets Appraisal Co., Ltd., Shanghai Urban and Rural Assets Appraisal Co., Ltd., and Beijing Cushman&Wakefield Real Estate and Land Assets Appraisal Co., Ltd; Warn Zhonghengyu Assets Appraisal Co., Ltd; Give a serious warning to Ding Honghui, Yu Deqin, Li Xuchu and Shan Zhengfang, the asset appraisers of Shanghai Urban and Rural Assets Appraisal Co., Ltd; Zhao Ying and Dai Heping, asset appraisers of Shanghai Urban and Rural Assets Appraisal Co., Ltd., Li Kejun, Hou Chao, Zhang Miao, Xue Siquan and Chen Jing, asset appraisers of Tianjin Guangyu Assets Appraisal Co., Ltd., Zeng Guosheng, Mai Hailing, Cheng Jialong and Fei Jinbiao, asset appraisers of Beijing Cushman&Wakefield Real Estate and Land Assets Appraisal Co., Ltd., Zhang Baifeng and Jiao Xinghua, asset appraisers of Zhongheng Yu Assets Appraisal Co., Ltd, Chen Guiqing and Wang Mo, the asset appraisers of Beijing Zhongtian Creative Assets Appraisal Co., Ltd., gave a warning.
In the next step, the Ministry of Finance will resolutely implement the decisions and arrangements of the Party Central Committee and the State Council, earnestly perform the main responsibility of financial supervision, strengthen the law enforcement inspection of asset appraisal institutions, severely punish cases such as major violations of evaluation, issuing false reports, and maintain the "strict supervision and zero tolerance" high-pressure situation, continue to standardize the industry order, improve the quality of industry practice, and promote the healthy development of the asset appraisal industry.
It is hereby announced.
treasury department
November 15, 2022