Group 1 - The Ministry of Finance imposed administrative penalties on 5 appraisal agencies, 14 asset appraisers, and 1 legal representative of an appraisal agency last year [1]

Core Viewpoint - Jiangsu Province has introduced an implementation plan aimed at promoting high-quality development in the registered accountant and asset evaluation industry, focusing on standardization, regulation, information technology, integrity, and comprehensive evaluation [1][2]. Group 1: Implementation Measures - The implementation plan consists of 19 measures to enhance the standardization, regulation, and internal management of the industry [1]. - The plan aims to establish a foundational standard system and improve risk prevention mechanisms, thereby enhancing the quality management responsibilities of the industry [1][3]. Group 2: Industry Growth and Supervision - The plan supports the growth of flagship institutions and aims for 2-3 institutions from Jiangsu to enter the top 20 in national industry rankings by 2027 [2]. - Strict supervision and management measures will be enforced, including penalties for major violations and increased exposure of typical cases to enhance deterrence [2]. Group 3: Current Industry Landscape - As of 2024, Jiangsu has 690 accounting firms and 7,279 registered accountants, generating a business income of 7.605 billion yuan; there are 511 asset evaluation institutions with 2,833 evaluators, achieving a business income of 2.672 billion yuan [2].

Core Viewpoint - The implementation plan aims to promote the high-quality development of the accounting and asset evaluation industry in Jiangsu Province, addressing existing challenges and enhancing the sector's capabilities and competitiveness [1][2]. Group 1: Industry Overview - The accounting and asset evaluation industry plays a crucial role in the financial supervision system, acting as a "gatekeeper" for the market economy, ensuring order, and enhancing the quality and security of economic information [1]. - In 2024, Jiangsu Province is expected to have 690 accounting firms and 7279 certified public accountants, generating a business income of 76.05 billion yuan; there will also be 511 asset evaluation institutions and 2833 asset evaluators, with a business income of 26.72 billion yuan [1]. Group 2: Implementation Plan Details - The implementation plan consists of 19 measures focusing on five main areas: solidifying the foundation for high-quality development, supporting the growth of leading firms, encouraging specialization, strengthening talent cultivation, and enhancing supervision and management [2]. - The plan emphasizes the need for integrity in the industry, proposing credit-based regulatory measures and increased penalties for dishonesty [3]. - It aims to cultivate "flagship" institutions, with a target of having 2-3 firms in Jiangsu ranked among the top 20 nationally by 2027 [3]. - The plan includes initiatives for high-end talent training in finance and digital economy sectors, promoting collaboration among government, educational institutions, and enterprises [3]. - A multi-party regulatory mechanism will be established, utilizing big data for improved data sharing among various departments [3].