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 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].