Administrative Measures for the Appraisal of State-Owned Assets

(1991年11月16日中华人民共和国国务院令第91号发布　根据2020年11月29日《国务院关于修改和废止部分行政法规的决定》修订)

Issued by Decree No. 91 of the State Council of the People's Republic of China on November 16, 1991, and revised in accordance with the Decision of the State Council on Amending and Repealing Certain Administrative Regulations on November 29, 2020.

为了正确体现国有资产的价值量，保护国有资产所有者和经营者、使用者的合法权益，制定本办法。

These Measures are formulated to correctly reflect the value of state-owned assets and protect the legitimate rights and interests of state-owned asset owners, operators, and users.

国有资产评估，除法律、法规另有规定外，适用本办法。

These Measures apply to the appraisal of state-owned assets, unless otherwise provided by laws or regulations.

国有资产占有单位(以下简称占有单位)有下列情形之一的，应当进行资产评估：

A unit possessing state-owned assets (hereinafter referred to as the possessing unit) shall conduct asset appraisal under any of the following circumstances:

(一)资产拍卖、转让；

(1) Auction or transfer of assets;

(二)企业兼并、出售、联营、股份经营；

(2) Merger, sale, joint operation, or shareholding operation of an enterprise;

(三)与外国公司、企业和其他经济组织或者个人开办外商投资企业；

(3) Establishment of a foreign-invested enterprise with a foreign company, enterprise, other economic organization, or individual;

(四)企业清算；

(4) Liquidation of an enterprise;

(五)依照国家有关规定需要进行资产评估的其他情形。

(5) Other circumstances requiring asset appraisal in accordance with relevant state provisions.

占有单位有下列情形之一，当事人认为需要的，可以进行资产评估：

A possessing unit may conduct asset appraisal under any of the following circumstances if the parties concerned deem it necessary:

(一)资产抵押及其他担保；

(1) Asset mortgage or other guarantees;

(二)企业租赁；

(2) Enterprise leasing;

(三)需要进行资产评估的其他情形。

(3) Other circumstances requiring asset appraisal.

全国或者特定行业的国有资产评估，由国务院决定。

The appraisal of state-owned assets nationwide or in specific industries shall be decided by the State Council.

国有资产评估范围包括：固定资产、流动资产、无形资产和其他资产。

The scope of state-owned asset appraisal includes fixed assets, current assets, intangible assets, and other assets.

国有资产评估应当遵循真实性、科学性、可行性原则，依照国家规定的标准、程序和方法进行评定和估算。

State-owned asset appraisal shall adhere to the principles of authenticity, scientificity, and feasibility, and shall be conducted and estimated in accordance with the standards, procedures, and methods prescribed by the state.

国有资产评估工作，按照国有资产管理权限，由国有资产管理行政主管部门负责管理和监督。

The work of state-owned asset appraisal shall be managed and supervised by the administrative department in charge of state-owned assets in accordance with the authority of state-owned asset management.

国有资产评估组织工作，按照占有单位的隶属关系，由行业主管部门负责。

The organization of state-owned asset appraisal shall be the responsibility of the competent industry department in accordance with the subordinate relationship of the possessing unit.

国有资产管理行政主管部门和行业主管部门不直接从事国有资产评估业务。

The administrative department in charge of state-owned assets and the competent industry department shall not directly engage in state-owned asset appraisal business.

持有国务院或者省、自治区、直辖市人民政府国有资产管理行政主管部门颁发的国有资产评估资格证书的资产评估公司、会计师事务所、审计事务所、财务咨询公司，经国务院或者省、自治区、直辖市人民政府国有资产管理行政主管部门认可的临时评估机构(以下统称资产评估机构)，可以接受占有单位的委托，从事国有资产评估业务。

Asset appraisal companies, accounting firms, audit firms, and financial consulting firms that hold a state-owned asset appraisal qualification certificate issued by the administrative department in charge of state-owned assets of the State Council or of a province, autonomous region, or municipality directly under the Central Government, as well as temporary appraisal institutions recognized by the said departments (hereinafter collectively referred to as asset appraisal institutions), may accept entrustment from possessing units to engage in state-owned asset appraisal business.

前款所列资产评估机构的管理办法，由国务院国有资产管理行政主管部门制定。

The administrative measures for the asset appraisal institutions mentioned in the preceding paragraph shall be formulated by the administrative department in charge of state-owned assets of the State Council.

占有单位委托资产评估机构进行资产评估时，应当如实提供有关情况和资料。资产评估机构应当对占有单位提供的有关情况和资料保守秘密。

When a possessing unit entrusts an asset appraisal institution to conduct asset appraisal, it shall truthfully provide relevant information and materials. The asset appraisal institution shall keep confidential the relevant information and materials provided by the possessing unit.

资产评估机构进行资产评估，实行有偿服务。资产评估收费办法，由国务院国有资产管理行政主管部门会同财政部门、物价主管部门制定。

Asset appraisal institutions shall provide paid services for asset appraisal. The measures for charging asset appraisal fees shall be formulated by the administrative department in charge of state-owned assets of the State Council jointly with the financial department and the competent department for prices.

国有资产评估按照下列程序进行：

The valuation of state-owned assets shall be carried out in accordance with the following procedures:

(一)申请立项；

(1) Application for project initiation;

(二)资产清查；

(2) Asset inventory;

(三)评定估算；

(3) Assessment and estimation;

(四)验证确认。

(4) Verification and confirmation.

依照本办法第三条、第四条规定进行资产评估的占有单位，经其主管部门审查同意后，应当向同级国有资产管理行政主管部门提交资产评估立项申请书，并附财产目录和有关会计报表等资料。

An occupying unit that conducts asset valuation in accordance with Articles 3 and 4 of these Measures shall, after obtaining the consent of its competent authority, submit an application for asset valuation project initiation to the administrative department of state-owned assets at the same level, together with a property catalog and relevant accounting statements and other materials.

经国有资产管理行政主管部门授权或者委托，占有单位的主管部门可以审批资产评估立项申请。

With the authorization or entrustment of the administrative department of state-owned assets, the competent authority of the occupying unit may approve the application for asset valuation project initiation.

国有资产管理行政主管部门应当自收到资产评估立项申请书之日起十日内进行审核，并作出是否准予资产评估立项的决定，通知申请单位及其主管部门。

The administrative department of state-owned assets shall, within ten days from the date of receiving the application for asset valuation project initiation, conduct a review and decide whether to approve the project initiation, and notify the applying unit and its competent authority.

国务院决定对全国或者特定行业进行国有资产评估的，视为已经准予资产评估立项。

If the State Council decides to conduct a valuation of state-owned assets nationwide or in a specific industry, it shall be deemed that the asset valuation project initiation has been approved.

申请单位收到准予资产评估立项通知书后，可以委托资产评估机构评估资产。

After receiving the notice of approval for asset valuation project initiation, the applying unit may entrust an asset valuation institution to appraise the assets.

受占有单位委托的资产评估机构应当在对委托单位的资产、债权、债务进行全面清查的基础上，核实资产账面与实际是否相符，经营成果是否真实，据以作出鉴定。

The asset valuation institution entrusted by the occupying unit shall, on the basis of a comprehensive inventory of the entrusting unit's assets, claims, and debts, verify whether the book value of assets matches the actual value and whether the operating results are true, and then make an appraisal.

受占有单位委托的资产评估机构应当根据本办法的规定，对委托单位被评估资产的价值进行评定和估算，并向委托单位提出资产评估结果报告书。

The asset valuation institution entrusted by the occupying unit shall, in accordance with the provisions of these Measures, assess and estimate the value of the assets being appraised of the entrusting unit, and submit a report on the asset valuation results to the entrusting unit.

委托单位收到资产评估机构的资产评估结果报告书后，应当报其主管部门审查；主管部门审查同意后，报同级国有资产管理行政主管部门确认资产评估结果。

After receiving the asset valuation results report from the asset valuation institution, the entrusting unit shall submit it to its competent authority for review; after the competent authority approves it, it shall submit it to the administrative department of state-owned assets at the same level for confirmation of the valuation results.

经国有资产管理行政主管部门授权或者委托，占有单位的主管部门可以确认资产评估结果。

With the authorization or entrustment of the administrative department of state-owned assets, the competent authority of the occupying unit may confirm the asset valuation results.

国有资产管理行政主管部门应当自收到占有单位报送的资产评估结果报告书之日起四十五日内组织审核、验证、协商，确认资产评估结果，并下达确认通知书。

The administrative department of state-owned assets shall, within 45 days from the date of receiving the asset valuation results report submitted by the occupying unit, organize review, verification, and consultation, confirm the asset valuation results, and issue a confirmation notice.

占有单位对确认通知书有异议的，可以自收到通知书之日起十五日内向上一级国有资产管理行政主管部门申请复核。上一级国有资产管理行政主管部门应当自收到复核申请之日起三十日内作出裁定，并下达裁定通知书。

If the occupying unit has objections to the confirmation notice, it may, within 15 days from the date of receiving the notice, apply for a review to the administrative department of state-owned assets at the next higher level. The higher-level administrative department of state-owned assets shall, within 30 days from the date of receiving the review application, make a ruling and issue a ruling notice.

占有单位收到确认通知书或者裁定通知书后，应当根据国家有关财务、会计制度进行账务处理。

After receiving the confirmation notice or the ruling notice, the occupying unit shall conduct accounting treatment in accordance with the relevant national financial and accounting systems.

国有资产重估价值，根据资产原值、净值、新旧程度、重置成本、获利能力等因素和本办法规定的资产评估方法评定。

The revalued amount of state-owned assets shall be assessed based on factors such as original value, net value, degree of wear and tear, replacement cost, profitability, and the asset valuation methods prescribed in these Measures.

国有资产评估方法包括：

The methods for valuing state-owned assets include:

(一)收益现值法；

(1) Income approach;

(二)重置成本法；

(2) Replacement cost approach;

(三)现行市价法；

(3) Current market price approach;

(四)清算价格法；

(4) Liquidation price approach;

(五)国务院国有资产管理行政主管部门规定的其他评估方法。

(5) Other valuation methods prescribed by the administrative department of state-owned assets under the State Council.

用收益现值法进行资产评估的，应当根据被评估资产合理的预期获利能力和适当的折现率，计算出资产的现值，并以此评定重估价值。

Where the income approach is used for asset valuation, the present value of the asset shall be calculated based on the reasonable expected profitability of the asset being appraised and an appropriate discount rate, and the revalued amount shall be determined accordingly.

用重置成本法进行资产评估的，应当根据该项资产在全新情况下的重置成本，减去按重置成本计算的已使用年限的累积折旧额，考虑资产功能变化、成新率等因素，评定重估价值；或者根据资产的使用期限，考虑资产功能变化等因素重新确定成新率，评定重估价值。

Where the replacement cost method is used for asset valuation, the revalued amount shall be determined by deducting the accumulated depreciation calculated on the replacement cost for the years already used from the replacement cost of the asset in a brand-new condition, taking into account factors such as functional changes and the condition ratio of the asset; or by re-determining the condition ratio based on the useful life of the asset and considering factors such as functional changes.

用现行市价法进行资产评估的，应当参照相同或者类似资产的市场价格，评定重估价值。

Where the current market price method is used for asset valuation, the revalued amount shall be determined by reference to the market price of the same or similar assets.

用清算价格法进行资产评估的，应当根据企业清算时其资产可变现的价值，评定重估价值。

Where the liquidation value method is used for asset valuation, the revalued amount shall be determined based on the realizable value of the asset upon enterprise liquidation.

对流动资产中的原材料、在制品、协作件、库存商品、低值易耗品等进行评估时，应当根据该项资产的现行市场价格、计划价格，考虑购置费用、产品完工程度、损耗等因素，评定重估价值。

When appraising current assets such as raw materials, work in progress,Collaborative parts (cooperative parts), inventory goods, and low-value consumables, the revalued amount shall be determined based on the current market price or planned price of the asset, taking into account factors such as acquisition costs, degree of product completion, andLoss (depreciation or loss).

对有价证券的评估，参照市场价格评定重估价值；没有市场价格的，考虑票面价值、预期收益等因素，评定重估价值。

For the appraisal of negotiable securities, the revalued amount shall be determined by reference to the market price; if there is no market price, the revalued amount shall be determined by considering factors such as the face value and expected returns.

对占有单位的无形资产，区别下列情况评定重估价值：

For intangible assets of the occupying unit, the revalued amount shall be determined based on the following circumstances:

(一)外购的无形资产，根据购入成本及该项资产具有的获利能力；

(1) For externally purchased intangible assets, based on the acquisition cost and the profitability of the asset;

(二)自创或者自身拥有的无形资产，根据其形成时所需实际成本及该项资产具有的获利能力；

(2) For self-created or self-owned intangible assets, based on the actual cost incurred in their formation and the profitability of the asset;

(三)自创或者自身拥有的未单独计算成本的无形资产，根据该项资产具有的获利能力。

(3) For self-created or self-owned intangible assets for which no separate cost has been calculated, based on the profitability of the asset.

占有单位违反本办法的规定，提供虚假情况和资料，或者与资产评估机构串通作弊，致使资产评估结果失实的，国有资产管理行政主管部门可以宣布资产评估结果无效，并可以根据情节轻重，单处或者并处下列处罚：

If an occupying unit, in violation of these Measures, provides false information or circumstances, or colludes with an asset appraisal institution to commit fraud, resulting in inaccurate asset appraisal results, the administrative department of state-owned assets may declare the appraisal results invalid and, depending on the severity of the circumstances, impose one or more of the following penalties:

(一)通报批评；

(1) Circulation of a notice of criticism;

(二)限期改正，并可以处以相当于评估费用以下的罚款；

(2) Order to rectify within a specified time limit, and may impose a fine not exceeding the appraisal fee;

(三)提请有关部门对单位主管人员和直接责任人员给予行政处分，并可以处以相当于本人三个月基本工资以下的罚款。

(3) Request the relevant department to impose administrative sanctions on the person in charge and the directly responsible personnel of the unit, and may impose a fine not exceeding three months of their basic salary.

资产评估机构作弊或者玩忽职守，致使资产评估结果失实的，国有资产管理行政主管部门可以宣布资产评估结果无效，并可以根据情节轻重，对该资产评估机构给予下列处罚：

If an asset appraisal institution commits fraud or is negligent in its duties, resulting in inaccurate appraisal results, the administrative department of state-owned assets may declare the appraisal results invalid and, depending on the severity of the circumstances, impose the following penalties on the appraisal institution:

(一)警告；

(1) Warning;

(二)停业整顿；

(2) Suspension of business for rectification;

(三)吊销国有资产评估资格证书。

(3) Revocation of the qualification certificate for state-owned asset appraisal.

被处罚的单位和个人对依照本办法第三十一条、第三十二条规定作出的处罚决定不服的，可以在收到处罚通知之日起十五日内，向上一级国有资产管理行政主管部门申请复议。上一级国有资产管理行政主管部门应当自收到复议申请之日起六十日内作出复议决定。申请人对复议决定不服的，可以自收到复议通知之日起十五日内，向人民法院提起诉讼。

If a unit or individual subject to a penalty under Articles 31 and 32 of these Measures disagrees with the penalty decision, they may apply for reconsideration to the administrative department of state-owned assets at the next higher level within 15 days of receiving the penalty notice. The higher-level administrative department of state-owned assets shall make a reconsideration decision within 60 days of receiving the reconsideration application. If the applicant disagrees with the reconsideration decision, they may file a lawsuit with the People's Court within 15 days of receiving the reconsideration notice.

国有资产管理行政主管部门或者行业主管部门工作人员违反本办法，利用职权谋取私利，或者玩忽职守，造成国有资产损失的，国有资产管理行政主管部门或者行业主管部门可以按照干部管理权限，给予行政处分，并可以处以相当于本人三个月基本工资以下的罚款。

If a staff member of the administrative department of state-owned assets or the competent industry department violates these Measures by abusing their authority for personal gain or neglecting their duties, resulting in losses to state-owned assets, the administrative department of state-owned assets or the competent industry department may, in accordance with the cadre management authority, impose administrative sanctions and may impose a fine not exceeding three months of their basic salary.

违反本办法，利用职权谋取私利的，由有查处权的部门依法追缴其非法所得。

If these Measures are violated by abusing authority for personal gain, the department with the power to investigate shall recover the illegal gains in accordance with the law.

违反本办法，情节严重，构成犯罪的，由司法机关依法追究刑事责任。

If a violation of these Measures is serious enough to constitute a crime, the judicial authorities shall pursue criminal liability in accordance with the law.

境外国有资产的评估，不适用本办法。

These Measures shall not apply to the assessment of overseas state-owned assets.

有关国有自然资源有偿使用、开采的评估办法，由国务院另行规定。

The assessment measures for the compensated use and exploitation of state-owned natural resources shall be separately formulated by the State Council.

本办法由国务院国有资产管理行政主管部门负责解释。本办法的施行细则由国务院国有资产管理行政主管部门制定。

These Measures shall be interpreted by the administrative department of the State Council in charge of state-owned assets. The detailed implementation rules for these Measures shall be formulated by the administrative department of the State Council in charge of state-owned assets.

本办法自发布之日起施行。

These Measures shall come into force as of the date of promulgation.