Core Viewpoint - The Ministry of Finance has conducted a joint inspection of the asset appraisal industry, resulting in administrative penalties for five appraisal institutions, 14 appraisers, and one legal representative, alongside self-discipline penalties for four institutions and 18 appraisers [1][3][7]. Group 1: Inspection Results - A total of 15 asset appraisal institutions engaged in securities services were evaluated, leading to administrative penalties or self-discipline measures for 9 institutions and 32 appraisers [3][6]. - The penalties included warnings, fines, and operational suspensions, with notable fines such as 15.66 million yuan for Jiaxin Tuotou and 1.11 million yuan for Beijing Zhongjinhao [3][4]. Group 2: Typical Cases - Seven typical cases were disclosed, highlighting issues such as forged signatures, false documentation, and significant inaccuracies in revenue forecasts [2][5]. - Jiaxin Tuotou was found to have 347 appraisal reports with forged signatures and was penalized with a warning, a one-year business suspension, and a total fine of 15.66 million yuan [3]. - Zhejiang Zhongheng and Beijing Zhongjinhao also faced penalties for various infractions, including lack of essential investigation records and serious inaccuracies in revenue predictions [4][5]. Group 3: Regulatory Environment - The regulatory framework for asset appraisal institutions has been strengthened, with new amendments to the "Asset Appraisal Institutions Engaging in Securities Services Business Filing Measures" aimed at enhancing supervision and management [6][7]. - The Ministry of Finance emphasized a "strict supervision and zero tolerance" approach to ensure a transparent and orderly market environment [7].

Group 1 - The Ministry of Finance of China announced administrative penalties against 5 appraisal institutions, 14 asset appraisers, and 1 legal representative of an appraisal institution due to violations found during quality inspections [1][2] - In 2024, the Ministry of Finance, in collaboration with the China Asset Appraisal Association, conducted quality checks on 15 registered appraisal institutions engaged in securities services, leading to the penalties [1] - Among the typical cases highlighted, Jiexin Tuotou (Jiangxi) Real Estate Asset Appraisal Co., Ltd. was found to have 347 asset appraisal reports involving forgery, resulting in a warning, a one-year business suspension, and a total fine of 15.6647 million RMB [1] Group 2 - Other institutions involved in the typical cases include Shenzhen Zhongwei Asset Appraisal Real Estate Land Valuation Firm, Beijing Zhongjinhao Asset Appraisal Co., Ltd., and others, facing various penalties such as warnings, business suspensions, and fines [2] - The Ministry of Finance emphasized a commitment to "strict regulation and zero tolerance," aiming to enhance supervision and create a healthy market environment in the asset appraisal industry [2]