Core Viewpoint - The recent joint notification by the Ministry of Finance, Financial Regulatory Bureau, National Intellectual Property Administration, and National Copyright Administration emphasizes the importance of asset evaluation in the utilization and protection of intellectual property (IP) [1][2]. Group 1: Importance of Intellectual Property Evaluation - Asset evaluation plays an indispensable role in the utilization and protection of intellectual property [1]. - As of June this year, the number of valid invention patents in China reached 5.01 million, a year-on-year increase of 13.2%, with a high-value invention patent ownership rate of 15.3 per 10,000 people, marking a new high [1]. - The conversion and utilization of intellectual property are crucial for transforming scientific and technological achievements into productive forces, which is essential for realizing the value of intellectual property [1]. Group 2: Regulatory Framework and Standards - The establishment of a robust intellectual property value evaluation system is necessary to enhance the credibility and public trust in evaluation results [2]. - The China Asset Appraisal Association previously issued guidelines for intellectual property asset evaluation, which cover basic compliance, operational requirements, and disclosure requirements [2]. - The recent measures from regulatory bodies highlight the importance of standardizing intellectual property asset evaluation practices and strengthening supervision and self-regulation [2]. Group 3: Challenges and Quality Improvement - Intellectual property evaluation is often more challenging than tangible asset evaluation, requiring asset appraisal institutions to possess high professional standards and capabilities [2]. - Issues identified in previous evaluations include errors in discount period calculations and improper analysis of the reasonableness of data provided by enterprises [3]. - To improve the quality of intellectual property asset evaluations, collaboration among multiple departments and institutions is essential, creating a transparent and efficient data service platform [3].

Core Viewpoint - The enhancement of the scientific and accurate assessment of intellectual property (IP) assets is crucial for unlocking their full value, presenting a significant opportunity for the asset appraisal industry [1][4]. Group 1: Importance of Intellectual Property Assessment - Intellectual property assessment plays an indispensable role in the utilization and protection of IP assets, which is essential for the construction of a strong IP nation [1]. - As of June this year, the number of valid invention patents in China reached 5.01 million, a year-on-year increase of 13.2%, indicating a growing emphasis on IP [1]. Group 2: Challenges in IP Valuation - The valuation of IP is complicated due to its intangible nature, influenced by various factors such as technology, market conditions, and legal aspects, leading to difficulties in assessment and disposal [2]. - Establishing a robust IP valuation system is necessary to enhance the credibility and public trust in assessment results [2]. Group 3: Regulatory Framework and Quality Control - The regulatory bodies have emphasized the need for standardized practices in IP asset assessment, including the establishment of operational guidelines and supervision mechanisms [2][3]. - Asset appraisal institutions must possess the necessary professional competence and quality control capabilities to conduct IP assessments accurately [3]. Group 4: Collaborative Efforts for Improvement - A collaborative approach among various departments, including finance, regulatory bodies, and IP authorities, is essential to create an efficient and transparent IP asset assessment service platform [4]. - Encouraging banks to adopt internal IP valuation assessments alongside third-party evaluations can further enhance the accuracy and reliability of IP asset valuations [4].

Core Viewpoint - The recent notification issued by four government departments aims to standardize the evaluation of intellectual property assets, emphasizing the importance of professional assessment in the utilization and protection of intellectual property [1][2]. Group 1: Regulatory Framework - The notification outlines that asset evaluations related to intellectual property must comply with relevant laws and regulations, allowing parties to voluntarily commission evaluations for economic activities involving intellectual property [1][2]. - It mandates that asset evaluation institutions must possess the necessary professional competence, quality control, and risk management capabilities to conduct intellectual property asset evaluations [1]. Group 2: Supervision and Collaboration - The four departments will guide and regulate intellectual property asset evaluation work, establishing a collaborative mechanism for supervision and management [2]. - There will be a focus on timely statistics and disclosure of evaluation business conditions, along with the creation of a transparent and efficient data service platform for intellectual property asset evaluations [2]. Group 3: Quality Improvement and Training - The China Asset Evaluation Association will enhance self-regulation and professional guidance for institutions engaged in intellectual property asset evaluations, aiming to improve the evaluation standards and training for professionals in this field [2]. - The notification encourages collaboration among asset evaluation institutions, intellectual property service agencies, copyright registration bodies, and commercial banks to enhance the quality and efficiency of evaluations [2].

Core Viewpoint - The notification aims to standardize the evaluation of intellectual property (IP) assets, enhance the management of IP asset evaluation, and promote the effective utilization and protection of IP assets in China [3][4]. Group 1: Role of Asset Evaluation in IP - Asset evaluation plays a crucial role in determining the value of IP, which is essential for its operation and transformation. It should facilitate the orderly flow and optimal allocation of IP resources throughout the entire chain of creation, utilization, protection, management, and service [3]. - The evaluation process must comply with relevant laws and regulations, and parties involved can voluntarily commission evaluation institutions for IP asset evaluations [3]. Group 2: Standardization of IP Asset Evaluation Practices - Evaluation institutions must possess the necessary professional competence, quality control, and risk management capabilities when conducting IP asset evaluations [4]. - Institutions are required to adhere strictly to laws and evaluation standards, ensuring independent, objective, and fair assessments without preset values influencing the outcomes [4]. - There is an emphasis on the education and training of professionals in IP asset evaluation to enhance service quality and reduce the financial burden on enterprises [4][5]. Group 3: Supervision and Self-Regulation of IP Asset Evaluation - Relevant authorities, including the Ministry of Finance and the National Intellectual Property Administration, will guide and regulate IP asset evaluation, establishing a collaborative mechanism for effective oversight [6]. - The establishment of a transparent and efficient data service platform for IP asset evaluation is encouraged, along with the monitoring of significant and unusual evaluation reports [6]. Group 4: Responsibilities of Stakeholders in IP Asset Evaluation - All parties involved, including evaluation institutions, clients, and financial institutions, must conduct evaluations in compliance with laws and regulations to foster a healthy market environment [7]. - Clients are responsible for providing accurate information necessary for evaluations and must not interfere with the evaluation results [7]. - Financial institutions should consider the relationship between loan amounts and evaluation values when utilizing evaluation results for IP pledge financing [7].

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].

Core Viewpoint - The Chinese government is emphasizing the importance of financial integrity and has taken significant steps to combat financial fraud and maintain a fair market economy during the "14th Five-Year Plan" period [1] Group 1: Financial Oversight and Regulation - The Ministry of Finance has intensified efforts to combat financial fraud and maintain a healthy market economy [1] - Over the past two years, the Ministry has conducted quality inspections on more than 4,600 accounting firms and nearly 1,500 asset appraisal institutions [1] - The government is actively promoting the improvement of laws and regulations related to accounting and certified public accountants to foster a market environment that values legal compliance and integrity [1]

Core Viewpoint - The Ministry of Finance emphasizes the importance of combating financial fraud to maintain a healthy, fair, and orderly market economy [1] Group 1: Regulatory Actions - The Ministry of Finance has strengthened supervision over accounting and asset evaluation industries [1] - Over the past two years, quality inspections have been conducted on more than 4,600 accounting firms and nearly 1,500 asset evaluation institutions [1] - Serious actions have been taken against financial fraud and accounting falsification [1]

Core Insights - The seminar on "AI-supported Asset Evaluation Practice" was successfully held in Beijing, focusing on the integration of AI and asset evaluation to promote digital and intelligent transformation in the evaluation field [1] Group 1: AI Impact and Recommendations - The impact of AI on the asset evaluation sector goes beyond mere tool updates, necessitating the establishment of a "data-driven, intelligent collaboration" ecosystem [2] - Recommendations include accelerating the establishment of standardized data governance systems, integrating business needs with technology development, and fostering cross-disciplinary talent [2] Group 2: AI as an Assistant - AI tools are seen as a means to optimize evaluation processes and enhance the quality and efficiency of evaluations, acting as a powerful "intelligent assistant" rather than replacing professional evaluators [3] - The core value of AI lies in empowering evaluators and institutions, enhancing operational efficiency and service precision, and revitalizing the industry in the digital economy [3] Group 3: Practical Applications and Challenges - Various experts shared insights on the practical applications and challenges of AI in the evaluation field during the guest speech segment [4] - Discussions included the direction, risks, and challenges of AI applications in asset evaluation during the roundtable session [4]

Core Viewpoint - The article discusses the recent regulatory actions taken by the Henan Provincial Asset Evaluation Association against an institution that allegedly engaged in unfair competition by bidding below the maximum procurement price by 45%, which is considered a violation of the "Implementation Opinions on Anti-Unfair Competition" [2][3]. Group 1: Regulatory Actions - The Henan Provincial Asset Evaluation Association issued a regulatory notice to the institution, emphasizing the need for risk identification and adherence to evaluation standards during project execution [2]. - This case marks the first public report of low-price bidding since the release of the "Implementation Opinions" in July 2023, aimed at protecting public interests and promoting fair competition in the asset evaluation industry [2][3]. Group 2: Implementation Opinions - The "Implementation Opinions" require evaluation institutions to supervise each other and resist unfair competition, fostering a fair competitive environment [3]. - Institutions can report suspected unfair competition to various regulatory bodies, providing evidence related to bidding prices, cost calculations, and historical fees [3]. Group 3: Related Notifications - The Interbank Market Dealers Association also issued a notification to combat "involution" in the bond market, emphasizing the need for reasonable cost calculations by lead underwriters [4]. - The notification encourages market participants to report violations related to underpricing and interference in underwriting fee quotes [4].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) imposed administrative penalties on WalkerSun (Beijing) International Asset Appraisal Co., Ltd. for failing to exercise due diligence in asset evaluation, resulting in misleading statements in their reports [2][4][9]. Group 1: Evaluation Process Issues - WalkerSun was commissioned by Beijing Jiecheng Century Technology Co., Ltd. to evaluate assets provided by a debtor, charging a total fee of 150,943.40 yuan [4]. - The evaluation report, issued on April 15, 2022, assessed six TV dramas and two scripts, with a total valuation of 127.3093 million yuan as of December 31, 2021 [4][5]. - The evaluation process lacked thorough verification of asset ownership, failing to support clear conclusions regarding asset rights [5][6]. Group 2: Misleading Statements - WalkerSun did not adequately verify the evaluation data, leading to errors in revenue predictions and cost assessments [6][8]. - The use of incorrect discount rate parameters and failure to consider specific risks associated with cultural enterprises were noted as significant flaws in the evaluation [7][8]. Group 3: Penalties Imposed - The CSRC ordered WalkerSun to rectify its practices, confiscated the business income of 150,943.40 yuan, and imposed a fine of 500,000 yuan [9][10]. - The two signing appraisers, Li Hui and He Congyang, received warnings and fines of 200,000 yuan each for their roles in the misleading evaluation [9].