Chinanews.com, Beijing, October 22 (Reporter Zhao Jianhua) The Ministry of Finance has decided to carry out special rectification of the asset appraisal industry to strengthen the supervision and management of asset appraisal agencies and their appraisers, regulate market order, and purify the industry's practice environment.
The focus of this special rectification work includes:
—— To rectify the behaviors of asset appraisers attaching their qualifications to asset appraisal agencies but not actually practicing, and asset appraisers not practicing full-time in asset appraisal agencies.
-Rectify the behavior of asset appraisal institutions and their asset appraisers that exceed their competence and seriously affect the quality of appraisal.
Focus on inspections of asset appraisers that have issued more than 200 asset appraisal reports within this year and their respective asset appraisal institutions; asset appraisers that have less than 5 asset appraisers, undertake state-owned asset appraisal businesses and issue asset appraisal reports; insufficient number of asset appraisers 30 asset appraisal agencies that undertake securities appraisal business and issue asset appraisal reports; new asset appraisal agencies with disorderly expansion of capital and over 30% of legal person shares in the past three years.
-Rectify asset appraisal institutions and their branches that have obtained business licenses from the market supervision department, but have not completed the filing with the financial department or the supervision information provided does not meet the requirements.
-Rectify the behavior of asset appraisal agencies or asset appraisers selling asset appraisal reports through online platforms or other media.
-Rectify the incomplete quality control system, internal management system, and professional risk fund management system of asset appraisal institutions and the inadequate implementation of the system.
The Ministry of Finance requires the asset appraisal agency to carefully verify the relevant situation and submit the self-inspection report to the provincial finance department or local asset appraisal association before October 29, 2021.
The filed securities appraisal agency shall submit the self-inspection report to the China Assets Appraisal Association.
The financial department and the asset appraisal association will sort out and analyze the self-inspection reports submitted by the asset appraisal agencies, and carry out inspections based on the actual conditions of the region and industry.
In accordance with the “Asset Appraisal Law”, “Asset Appraisal Industry Financial Supervision and Management Measures” and other provisions, asset appraisal agencies and asset appraisers that have violated regulations shall be imposed administrative penalties or industry punishments in accordance with the law, and the inspection and processing results shall be publicly disclosed.
(over)