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July 25 – In November 2007, the Ministry of Finance and the China Appraisal Society jointly announced an asset appraisal standards system, comprising 15 appraisal standards.
The standards system comprises two parts: professional ethics standards and business standards. The business standards are classified into four categories: basic standards, detailed standards, valuation guidelines, and guiding opinions.
American Appraisal’s summer newsletter has and excellent write-up on China’s valuation standards system, listing as well the latest and expected Chinese valuation standards.
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