Date
17 August 2017

China may unveil asset valuation law this year, paper says

A new law on asset valuation, which can help provide fair value assessment of state-owned assets, is expected to be unveiled later this year, the Securities Times reported Thursday, citing authoritative sources without disclosing their names. Several provisions have yet to be finalized, including the division of responsibilities in carrying out asset valuation by government regulatory bodies and industry associations, establishment of special asset valuation institutions and qualifications of asset valuation professionals, the report said. A market-driven approach is likely to be adopted in the development of an asset valuation system, Professor Li Shuguang of the China University of Political Science and Law was quoted as saying.

– Contact HKEJ at [email protected]

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