Knowledge

Asset evaluation criteria Since 1 October 2017

一、Basic matters:
1.The principal, property rights holder and the user of other asset evaluation other than client
2. Evaluation purpose
3. Evaluation objects and scope of assessment
4. Type of value
5. Base date of assets evaluation
6. Scope of use of asset assessment reports
7. Time limit and mode of submission
8. Evaluation service fees and terms of payment
9. Important matters determined by the assistance and work cooperation between the principal, other relevant parties and asset assessment agency & professional

二、Collect the information required for the asset evaluation
1. The information, such as Evaluation objects and scope of assessment etc, provided by the principal or other relevant parties,
2. Other information obtained from Government departments, various professional institutions and markets

三、Three basic evaluation method: market approach,income approaches cost  approaches and its derivative approach

四、Evaluation content: Title and number, Catalog, Statement, Description, Text, Appendix

五、Main body of evaluation report includes:
1. The principal or user of other asset evaluation report
2. Evaluation purpose
3. Evaluation objects and scope of assessment
4. Type of value
5. Evaluation basis
6. Base date of assets evaluation
7. Evaluation method
8. Evaluate the implementation process and situation
9. Evaluation assumption
10. Conclusion
11. Special instructions ‘
12. Use restrictions
13. Report day
14. Professional signature and agency seal

六、Special notes include:
1. The main information such as ownership and so on are incomplete or defective
2. Uncertain factors such as pending matters, legal disputes, etc
3. Important use of expert work
4. Major issue after the reporting day
 
七、Use restrictions of evaluation report should be specified as below:
1. Use range
2. Asset assessment agency & professional will not bear any responsibility if the evaluation report has been used for any issue not prescribed in accordance with the laws or administrative regulations or not in the Scope of asset assessment reports
3. No other institution or individual shall be the user of the asset appraisal report, except the principal, other Agreed user or the user prescribed by laws and administrative regulations
4. The user shall have a good understanding on the report conclusion
 
八、The duration of assets evaluation files is not less than fifteen years, but 30 years for statutory evaluation report

九、In addition to following cases, the assets assessment files shall not be provided to any third party:
1. Requested by Financial departments according to law
2. Accessed by asset evaluation association in conformity with legal provisions
3. Reviewed by others by operation of law

十、The practice guidelines for assets assessment include specific standards, guide and guidance



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