Core Viewpoint - The article highlights the recent actions taken by the Chongqing Asset Evaluation Association against a firm that engaged in low-cost bidding practices, emphasizing the need for compliance with industry standards and the importance of fair competition in the asset evaluation sector [1][4][5]. Group 1: Regulatory Actions - The Chongqing Asset Evaluation Association issued a notice regarding a firm that allegedly used bidding prices below the cost to secure contracts, which is a violation of the "Implementation Opinions" aimed at preventing unfair competition [4][5]. - Following an interview with the association, the firm voluntarily relinquished its winning bid and committed to adhering to industry norms in future operations [3][4]. Group 2: Industry Response - The article notes that various regulatory bodies, including the China Asset Evaluation Association and the Interbank Market Dealers Association, have introduced "anti-involution" regulations to combat low-price bidding practices among intermediary institutions [2][8]. - The Interbank Market Dealers Association has also implemented measures to strengthen self-regulation in bond underwriting, prohibiting bids below cost and enhancing internal management of underwriting quotes [10][9]. Group 3: Importance of Compliance - The Chongqing Asset Evaluation Association emphasized that some institutions are not adequately aware of the evolving industry policies and continue to approach compliance limits, indicating a lack of understanding of the significance of resisting low-price competition [5][4]. - The association urged all institutions to adopt a high-quality development mindset, enhance self-discipline, and collaborate to improve service quality while resisting harmful low-price competition [5].