Core Viewpoint - The issuance of the "Management Measures for the Selection of Asset Appraisal Institutions by Administrative Institutions, State-owned Enterprises, and Listed Companies" aims to standardize the selection process and enhance the quality of asset appraisal services [1][2]. Group 1: Regulatory Framework - The new measures provide guidance for administrative institutions, state-owned enterprises, and listed companies in selecting asset appraisal institutions, emphasizing compliance and risk management [1][3]. - The measures require the selection units to enhance their information security awareness and adhere to national laws and regulations regarding information security [2]. Group 2: Evaluation Criteria - The selection process mandates that the quality control level of asset appraisal institutions should account for at least 40% of the evaluation score, while the cost of major asset appraisal projects should not exceed 15% of the score [2]. - This scoring system aims to prevent low-quality competition in the asset appraisal industry and encourages institutions to prioritize professional quality [2][3]. Group 3: Supervision and Accountability - The measures establish a clear accountability framework, allowing supervisory bodies to take corrective actions against non-compliant state-owned enterprises and listed companies [3]. - Violations of the measures by asset appraisal institutions will result in legal consequences, promoting a more standardized and transparent selection process [3]. Group 4: Industry Oversight - The Ministry of Finance has intensified oversight of the asset appraisal industry, conducting quality checks on 15 registered appraisal institutions and imposing administrative penalties on several entities [4].