Innovation has become a new engine for evaluating the development of the industry. 11 Moon 12 On the day, the China Association of Asset Appraisers and the World Federation of Valuers’ Organizations ( WAVO The 7th Conference of Appraisers, jointly organized by the World Federation of Assessment Organizations, was solemnly held in Beijing. The theme of the conference was “Innovation and Development of the Valuation Market.”

     Xu Hongcai, member of the Party Leadership Group and Assistant Minister of the Ministry of Finance, attended the conference and delivered a speech. He was joined by He Bangjing, President of the China Association of Asset Appraisers, and Lin Lanyuan, President of the World Federation of Valuers. (LimLanYuan) In addition, leading experts from the asset valuation industry and academia, both domestically and internationally, delivered keynote speeches. The conference was chaired by Zhang Guochun, Vice Chairman of the World Federation of Valuation Organizations and Vice President and Secretary-General of the China Association of Asset Appraisers.

     In his speech at the conference, Xu Hongcai pointed out that, after... 20 Over the years, China’s asset valuation industry has made positive contributions to national development and has become a vital force in China’s market economy. The Chinese government attaches great importance to the development of modern service industries—including the asset valuation sector—and regards accelerating the growth of modern services as a key development strategy. Elevating the share and quality of the service sector is seen as a new engine and growth pole for economic expansion. As the administrative authority responsible for the asset valuation industry, the Ministry of Finance has vigorously promoted the healthy and rapid development of this sector by strengthening legal and regulatory frameworks, standardizing supervision and management, and encouraging market expansion. The asset valuation industry is poised for even greater achievements and will undoubtedly play an important role in the future.

     Xu Hongcai stated that this conference, themed “Assessing Market Innovation and Development,” not only aligns with the current global economic trend toward innovation, cooperation, and win-win outcomes, but also fully meets China’s development requirements of adhering to innovative development, stimulating innovative vitality, and fostering new drivers of growth. He expressed his hope that through analyzing the economic situations in China and around the world, this conference will further strengthen the innovation awareness within the asset valuation industry; through exchanging new theories and methods, it will continuously enhance the industry’s innovative capacity and service standards; and by strengthening international cooperation, it will jointly promote the globalization of the asset valuation industry and make new and greater contributions to the development of both the Chinese and global economies.

     In his speech, He Bangjing pointed out that China’s asset valuation industry has now basically established a relatively complete professional system for asset valuation services, a relatively comprehensive regulatory framework for the operation of the asset valuation market, and a pool of asset valuation professionals who are both pioneering and professionally competent. As of... 2014 By the end of the year, the number of certified asset appraisers nationwide reached 3.3 Over 10,000 people, employed personnel 10 Over 10,000 people, with asset valuation revenue nearing... 90 Hundreds of millions of yuan have effectively met the needs of China’s economic and social development. She pointed out that innovation is the breakthrough for China’s future economic development and also the new engine driving the transformation and growth of the asset valuation market. On the one hand, the asset valuation industry must focus on pioneering and innovating to propel the industry to a new level; at the same time, it should strengthen international exchanges and cooperation and deepen collaboration in global markets.

     In his speech titled “Building an Innovative Valuation Industry to Meet Global Needs,” Dr. Lin Lanyuan, President of the World Federation of Appraisers, also emphasized that, along with economic globalization, the valuation industry will play an increasingly important role in the development of the global economy and urban environments. Valuers need to further enhance their professional competence and expertise while placing great emphasis on innovation to meet various challenges.  

    14 Elite professionals from the domestic and international asset valuation industry and academia gathered to discuss “New Trends in the Valuation Market,” “The Cultural Industry and Asset Valuation,” and… PPP Asset Valuation and “Internet and Asset Valuation” 4 A keynote speech was delivered, featuring a thorough exchange of the latest research findings and practical experiences in the field of asset valuation.

     In his concluding remarks, Zhang Guochun stated that China’s asset valuation industry will proactively adapt to the new normal of economic development by focusing on advancing the construction of an asset valuation legal framework, improving industry management systems and mechanisms, striving to expand the valuation services market, and strengthening international valuation cooperation. These efforts will help drive the rapid development of the asset valuation industry and enable it to contribute its professional expertise to the broader goals of building a market-oriented economy, enhancing national governance capacity, and reforming the fiscal and tax system.

     Representatives from government departments including the National People’s Congress, the Ministry of Finance, the State-owned Assets Supervision and Administration Commission of the State Council, and the China Securities Regulatory Commission; international appraisal organizations such as the World Federation of Appraisers, the Hong Kong Institute of Surveyors, the Royal Institution of Chartered Surveyors (UK), the Singapore Institute of Surveyors and Valuers, the International Association of Business Valuation Analysts, the Australian Asset Management Institute, and the American Society of Appraisers; secretaries-general of the China Association of Asset Appraisers and various local appraisal associations; leaders of asset appraisal disciplines from selected domestic universities; and representatives from well-known domestic asset appraisal firms—altogether... 170 Others also attended this conference.   (Comprehensive)