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China Appraisal Society Releases "Standards for Asset Appraisal - Enterprise Value"

On February 13, 2012, China Appraisal Society released the "Standards for Asset Appraisal - Enterprise Value", with effect from July 1, 2012.

The "Standards for Asset Appraisal – Enterprise Value" summarizes and solidifies the general and effective operation practices in enterprise value assessment and enhances the requirements for enterprise value assessment, with valuation concepts and methods further closer to the international standards. After the release of the guideline, the substantive criteria achieves a full coverage on major first-tier assets, such as enterprise value, intangible assets, machinery and equipment, real estate and jewelry.

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