7 Moon 19 Day, International Society for Business Valuation ( IIBV Former Chairman Lee Hack and the current Chairman of the Board, Tan Yihui, visited the China Association of Asset Appraisers (hereinafter referred to as “CAAA”). They held discussions with relevant personnel, including He Bangjing, President of the CAAA, and Zhang Guochun, Vice President and Secretary-General of the CAAA, focusing on further deepening cooperation and... IIBV Issues such as international assessment qualifications and certification were discussed, and opinions were exchanged.

    This is already IIBV This is my second visit to the China Appraisal Society this year. We had an in-depth exchange on how to deepen our cooperation and reached a consensus. In addition to... IIBV ，20 Over the years, the China Appraisal Society has been working with the International Valuation Standards Board (IVSB). IVSC )、World Assessment Organization Federation ( WAVO )、International Association of Property Tax Administrators ( IPTI ) and several other international organizations, leading the Chinese valuation industry to actively participate in international affairs, engage in international exchanges and cooperation, and significantly enhance the industry’s international influence and voice.    

    China's influence continues to expand.

    In fact, since the last century... 90 Starting from the mid-1990s, the China Association of Asset Appraisers has gradually strengthened exchanges with the international appraisal community on behalf of China’s asset appraisal industry. After... 20 Through years of active participation and tireless efforts, China’s appraisal industry has earned widespread recognition from international appraisal organizations and its global peers.

    1995 In [year], with the approval of the Ministry of Foreign Affairs and the Ministry of Finance, the China Association of Asset Appraisers officially joined the International Valuation Standards Committee. IVSC ), 1999 Elected as a standing director this year, 2008 Starting from the year, the representative of the China Association for Evaluation serves in the reorganized... IVSC The members of the Management Committee have been re-elected and remain in office to this day; 2005 In that year, the China Appraisal Society joined the World Federation of Appraisers (WFA). WAVO ), the representative of the China Appraisal Society serves as its executive director and... 2012 Promoted to Vice Chairman this year; 2009 Year, the representative of the China Appraisal Society served as a member of the International Association for Property Taxation ( IPTI Executive Director; 2013 Year, the representative of the China Appraisal Society served as a member of the International Society of Business Valuation Experts ( IIBV Executive Director.

    These trajectories all demonstrate the CAC’s proactive journey of integrating into the international environment through cooperation, and they have laid a solid foundation for China’s appraisal industry to further engage in international affairs and enhance its voice and influence.

    Facts also prove that, after... 20 After years of relentless efforts, the Chinese valuation industry has become increasingly important in the field of professional research, and many major international valuation conferences now look forward to the participation of the Chinese valuation community. Since... 2004 Since the establishment of the China Appraisal Association, the China Appraisal Association has separately collaborated with... IVSC 、 WAVO 、 IACVA 、 IPTI The organizing committee of the International Machinery and Equipment Appraisal Conference jointly hosted or undertook influential international appraisal professional seminars. 10 On several occasions, it has received high praise from international peers and has greatly promoted professional exchanges within the international assessment industry.

    At international conferences held overseas, some events have already dedicated sessions with simultaneous Chinese-English translation for Chinese delegates, highlighting the further enhancement of China’s position in the asset valuation industry.

    By organizing various international professional exchange activities, China’s appraisal industry has not only been able to keep abreast of the latest developments in international appraisal theories and technologies and expand opportunities for professional cooperation, but has also shared its own achievements in the development of the appraisal industry with the global appraisal community.  

     China’s discourse power continues to strengthen.

    China’s appraisal industry has earned unanimous praise from the international appraisal community for its conscientious performance and proactive engagement in various international organizations, and China’s voice and influence continue to grow.

    For example, since joining IVSC Since taking on the roles of executive director and member of the Steering Committee, the China Appraisal Society has earnestly fulfilled its responsibilities and actively participated in various undertakings. Among these efforts, in response to the financial crisis, the International Valuation Standards Board has... 2011 Invited to join annually G20 The summit’s task force of non-governmental financial industry regulatory organizations will provide expert advice and policy recommendations in the form of a research report to support the summit’s goal of “strengthening international financial regulation.”

    The China Association of Asset Appraisers actively participates in the work of the International Valuation Standards Council’s task force, sharing its experience—gained from addressing the financial crisis—from the perspective of institutional alignment with global standards. Together, we aim to further enhance the positive role of the valuation profession in stabilizing global capital markets and promoting economic development, thereby boosting the valuation industry’s influence in supporting global economic stability.

    The China Association of Asset Appraisers continues to play an active role in the development of international valuation standards, paying close attention to and participating in these efforts. IVSC The entire process of developing the standards and guidelines. Regarding the revision of the new edition of the standards, the China Appraisal Society actively participated in the discussions and put forward rationalization suggestions for the structural framework of the new International Valuation Standards, based on the framework and system structure of Chinese standards. These views were well-received. IVSC Recognition can be said to have been achieved by the China Association of Asset Appraisers, which has made great efforts to enhance the influence of Chinese appraisal standards during the development of the new version of the International Valuation Standards, thereby promoting convergence of global valuation standards.

    Currently, the China Appraisal Society has become IVSC The key members involved in the discussion of high-level strategic issues. 2013 Since the year, IVSC The promotion of international valuation standards has been significantly strengthened, with two meetings held involving major valuation organizations. IVSC The strategic issues seminar invited the China Appraisal Society as a key participant to attend.

    Meanwhile, China’s appraisal industry is also assessing... 2005 It put forward advisory opinions on the development direction of the World Federation of Assessment Organizations, its positioning and role in the global assessment industry, and played a decisive and driving role.

    2013 Year 5 Month, China Appraisal Society and WAVO An international seminar themed “Assessment, Innovation, and Development” was jointly held in Hubei. Experts from the assessment community in Singapore, the United States, Canada, Vietnam, South Korea, and the Hong Kong Special Administrative Region of China engaged in professional exchanges with their Chinese counterparts. At the concurrently held board meeting, WAVO The Chair proposed establishing it at the vice-chair’s organization—the China Appraisal Society. WAVO The motion from the China office to have it assume greater responsibility. WAVO The work of the secretariat influences and promotes its development.

    As a standing director of the International Association of Property Tax Administrators, the China Appraisal Society has played a positive role in promoting the development of the International Association of Property Tax Administrators. 2008 Year 10 In the month, the China Association of Asset Appraisers and the International Society for Property Taxation jointly hosted an international forum in Beijing titled “Asset Valuation and Fiscal Taxation—International Experience and China’s Reform,” thereby enhancing the influence of both the International Society for Property Taxation and China’s appraisal industry. Recently, to align with... IPTI Regarding the construction of an international database on property taxes and valuations, the China Association of Asset Appraisers is currently collecting and organizing relevant data. It is also conducting research on tax-related valuation issues arising from real estate tax system reforms and the assessment of tax bases, aiming to provide valuable research findings that will contribute to establishing and further improving China’s tax-related valuation system.

     Focus on the long term and forge a new international landscape.

    20 Over the years, the China Association of Asset Appraisers and China’s appraisal industry have continuously achieved progress in the international arena—thanks to the guidance and support of the Chinese government and the strong influence of China’s economy. At the same time, the China Association of Asset Appraisers’ direct connections with the Ministry of Finance and various appraisal institutions give it both a high vantage point and broad influence. These advantages have become valuable assets for the Association to strengthen industry cohesion and expand its international influence.

    Currently, the China Appraisal Society is actively expanding its areas of cooperation and vigorously enhancing the industry's international competitiveness. International Registered Valuation Analyst ( ICVS ) Qualification is the International Association of Business Valuation Analysts ( IACVA ) A professional qualification in the field of corporate valuation that is widely recognized internationally and promoted by the association. To enhance the industry’s internationalization and its ability to compete on the global stage, the China Association of Appraisers has... 2008 Year and IAC Jué VA A cooperation agreement has been signed to jointly host the Certified Corporate Valuation Analyst program. ICVS ) Training course. To date, it has been held... 7 During the period, nearly a hundred Chinese appraisers obtained... ICVS Qualification.

    ICVS The professional strengths of our qualifications can serve China’s economic development at a deeper level and on a broader scale, while also enabling us to compete in the international assessment market. This will broaden and elevate the international platform and standards of our member services.

    The China Association of Appraisers has also engaged in exchanges with numerous appraisal organizations, including the Hong Kong Institute of Surveyors, the American Society of Appraisers, the Australian Asset Institute, and the Royal Institution of Chartered Surveyors in the UK. These exchanges involve mutual recognition studies of membership qualifications, recommendations for industry experts to participate in each other’s research projects, signing of memoranda of cooperation, and joint undertaking of specialized research. All these efforts have laid a solid foundation for future exchanges and cooperation among the parties in various fields such as professional practice, theoretical research, member development, standard-setting, and continuing education.

    A solid foundation provides China’s valuation industry with a powerful backing to fully demonstrate its capabilities and forge a new landscape in the international valuation sector.

    Going forward, the focus of China’s assessment industry on international exchanges will center on the following five key areas: First, expanding both the breadth and depth of international exchanges and cooperation, actively participating in global affairs, and continuously enhancing our voice and influence; second, promoting direct exchanges between domestic and overseas appraisal institutions, thereby creating platforms for appraisal firms to “go global”; third, continuing to engage in and strengthening collaborative exchanges within specialized fields, and encouraging more industry professionals to join international organizations and international cooperation projects; fourth, proactively advancing mutual recognition of appraisal qualifications among international and regional entities; and fifth, intensifying publicity efforts for China’s appraisal industry, building a strong Chinese brand for asset valuation, and thereby comprehensively enhancing China’s voice and influence, and further opening up new horizons for international exchanges in the industry.