Core Viewpoint - The article highlights the recent administrative penalties imposed on asset appraisal companies in China, emphasizing the critical need for independence and professionalism in asset evaluation to maintain market integrity and protect investor rights [1][5][6]. Group 1: Administrative Penalties - On December 5, the Anhui Securities Regulatory Bureau issued an administrative penalty decision against Jinzheng (Shanghai) Asset Appraisal Co., Ltd., fining them 2.5 million yuan for misleading statements in an asset appraisal report [1][2]. - Four asset appraisal companies have been penalized this year, with issues of independence and professionalism being common problems among them [1][4]. - The total fines imposed on the four appraisal firms and their responsible individuals amount to 7.32 million yuan [4]. Group 2: Specific Cases - Jinzheng Appraisal was found to have failed in due diligence during the evaluation of the shareholder equity value of Zhongke Shijie Technology Co., Ltd., leading to misleading statements in their report [2][3]. - Other penalized firms include Guorong Xinghua, Wokesen, and Zhongshui Zhiyuan, all of which exhibited similar issues of independence and professionalism [3][4]. Group 3: Expert Opinions - Experts stress that independent and diligent asset appraisal institutions are essential for alleviating information asymmetry in capital markets, thereby ensuring fair market practices and protecting investor interests [1][5]. - Common issues identified include lack of independence, low execution quality, and ethical decline among appraisal firms [5][6]. Group 4: Recommendations for Improvement - Experts recommend strengthening regulatory measures through strict filing, robust procedures, quality control, and accountability to enhance the quality of appraisal institutions [7]. - Suggestions include improving appraisal standards, establishing stricter accountability mechanisms, and enhancing transparency in appraisal methods and assumptions [6][7].