Ministry of Finance, Reform of the Executive Administration on State-owned Asset Valuation and Strengthening the Regulatory Work on Asset Valuation Opinion

财政部关于改革国有资产评估行政管理方式加强资产评估监督管理工作的意见

May 02, 2002 | BY

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Eliminates the examination and approval system for initiation of an asset valuation and for confirmation on the valuation report.

Clp Reference: 3300/01.12.28 Promulgated: 2001-12-28

Issued: December 28 2001

Main contents: The Opinion eliminates the examination and approval system for initiation of an asset valuation and for confirmation on the valuation report. Instead, the Opinion requires verification of the valuation report for important economic projects such as those involving changes in the property rights of State-owned assets and those with foreign investment. The Ministry of Finance shall conduct verification for projects approved by the State Council while projects approved by provincial governments shall be handled by provincial finance departments. Other projects are subject to record filing.
Related legislation: Administration of State Asset Valuation Procedures, Nov 16 1991, CLP 1992 No.1 p22

clp reference:3300/01.12.28promulgated:2001-12-28

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