China News Service, January 30. According to the website of the State-owned Assets Supervision and Administration Commission of the State Council, in order to promote the layout optimization and structural adjustment of central enterprises and better adapt to the new situation of the reform and development of state-owned assets and state-owned enterprises, the State-owned Assets Supervision and Administration Commission of the State Council recently issued the "About Optimizing the Asset Assessment Management of Central Enterprises" Notice of Matters" (hereinafter referred to as the "Notice"). Under the principles and framework of the current system, the "Notice" focuses on solving a number of practical problems faced by central enterprises in the asset evaluation management work, mainly including the following:
First, strengthen the management of major asset appraisal projects.
The "Notice" proposed for the first time that central enterprises should implement classified management of asset appraisal projects, required central enterprises to determine the classification standards for major asset appraisal projects, and put forward a series of targeted control requirements for the management of major asset appraisal projects. It is clarified that if central enterprises encounter difficult problems in the process of registering major asset appraisal projects, they can apply in writing to the State-owned Assets Supervision and Administration Commission of the State Council to recommend experts to participate in the demonstration. If necessary, the State-owned Assets Supervision and Administration Commission of the State Council will strengthen business guidance for the project. This provision draws on the relevant provisions of asset appraisal and approval projects in the "Interim Measures for the Assessment and Management of State-owned Assets of Enterprises" (Order No. 12 of the State-owned Assets Supervision and Administration Commission of the State Council), which will help promote central enterprises to solve problems discovered during the filing and review and improve the management of appraisal projects of central enterprises. Quality and efficiency of work.
The second is to clarify eight categories of situations in which asset evaluation may not be conducted.
The "Notice" adheres to a problem-oriented and demand-oriented approach, and unifiedly summarizes the situations scattered in the current system documents that require no asset assessment, making it easier for enterprises to review and implement. Enterprises have concentrated on the withdrawal of equity participation that cannot perform the asset evaluation procedures normally, the disposal of assets with high disposal costs and low original book value (less than 5 million yuan), and the sale or sale of properties that can obtain market prices through the open market. For leasing and other situations, the "Notice" is based on promoting the reform and development of enterprises and solving practical problems of enterprises. It clarifies that asset evaluation is not required in the above situations. It also requires that transactions must be carried out through public listing, and the open market can be used to find buyers and realize value. This is both effective and effective. Protect the rights and interests of state-owned assets and reasonably reduce the costs of enterprise reform and restructuring.
The third is to identify five types of situations in which valuation can be carried out.
Over the years, the State-owned Assets Supervision and Administration Commission of the State Council has fully considered the objective constraints and the actual needs of the reform and development of state-owned enterprises, and has allowed some overseas state-owned asset transactions and mergers and acquisitions of listed companies in relevant regulations to use valuation methods to provide reference for transaction prices. In recent years, with the increase in corporate mergers and acquisitions related to strategic emerging industries, cutting-edge original scientific and technological achievements and intellectual property transactions, as well as the increase in investments by central enterprises in limited partnerships, the demand and practice of asset valuation by central enterprises has increased day by day. . In order to standardize the management of asset valuation projects of central enterprises, the "Notice" strictly limits the application of five types of valuation reports, and requires central enterprises to formulate an asset valuation project management system to standardize the management methods and management content of valuation matters. In view of the current situation that the industry has not yet formed valuation report practice standards and the quality of valuation reports is uneven, the State-owned Assets Supervision and Administration Commission of the State Council has gathered the management experience of many central enterprises and local State-owned Assets Supervision and Administration Commission, and fully solicited the opinions and suggestions of relevant professional institutions and senior industry experts. On the above, the "Guidelines for the Review of Valuation Reports of Central Enterprises" were formed as an attachment to the "Notice" to promote the standardization of the content of valuation reports and improve the quality of review of valuation projects.
The fourth is to improve the transfer pricing method for asset transactions such as intellectual property, scientific and technological achievements, and data assets.
The current relevant systems have clarified that when assets such as scientific and technological achievements and intellectual property rights are transferred, they can be priced through various methods such as asset appraisal, agreement, listing, and inquiry. The "Notice" further clarifies that when scientific and technological achievements, intellectual property rights, and data assets are transferred, asset evaluation or valuation should be the preferred method to evaluate and estimate the value of the assets; if the evaluation or valuation is indeed difficult, listing transactions, auctions, and price inquiries can be used , agreement and other methods to determine the transaction price. In response to the demands of enterprises to further improve the pertinence and operability of relevant systems, the "Notice" clarifies the principles and paths of various pricing methods such as inquiry and agreement, which will help enterprises promote the standardized and orderly transfer of relevant assets and improve The efficiency of transformation of scientific and technological achievements helps speed up the commercial application of data assets.
Fifth, some common hot issues in the evaluation and management of enterprise state-owned assets are clarified.
This includes how to entrust a professional institution to conduct an assessment or valuation when multiple state-owned shareholders engage in the same economic activity; whether a central enterprise and its subsidiaries' shareholding companies need to conduct an asset appraisal or valuation when they engage in relevant economic activity; the proposed transaction price and appraisal Management requirements when there are differences in results, etc.