Notice of the Ministry of Finance on Pilot Implementation of the Model of Parent-Subsidiary Company to Appraisal and Rating Agencies

财政部关于评估机构母子公司试点有关问题的通知

Promulgating Institution: Ministry of Finance

Document Number: Cai Qi [2010] No. 347

Promulgating Date: 11/25/2010

Effective Date: 11/25/2010

颁布机关: 财政部

文      号: 财企[2010]347号

颁布时间: 11/25/2010

实施时间: 11/25/2010

To the finance departments (bureaus) of all provinces, autonomous regions and municipalities directly under the Central Government:

With a view to implementing the Guiding Opinions of the Ministry of Finance on Helping Valuation and Rating Agencies Become Larger in Size, Stronger in Capabilities and Better in Services (Cai Qi [2009] No. 453), displaying the technology and management advantages of quality appraisal and rating agencies, realizing the economies of scale, brand-building and cross-regional development, and improving the comprehensive service capacity of the said agencies, the Ministry of Finance (MOF) has decided to adopt pilot implementation of parent-subsidiary company to the asset appraisal industry. Relevant issues are hereby notified as follows:

    各省、自治区、直辖市财政厅(局):

    为落实《财政部关于推动评估机构做大做强做优的指导意见》(财企[2009]453号),发挥优质评估机构的技术、管理优势,实现规模化、品牌化、跨区域发展,提高综合服务能力,财政部决定在资产评估行业开展母子公司试点工作。现就有关事项通知如下:

1. Securities rating agencies are encouraged to adopt the business model of parent-subsidiary company to take the path of collectivize development. It is a natural choice for the development of the rating industry that securities rating agencies make full use of the advanced aspects of the modern enterprise business model, and display their advantages in terms of brand, technology and management to enhance their core competitiveness. Finance departments, asset appraisal associations, and securities rating agencies of all provinces, autonomous regions and municipalities directly under the Central Government shall fully appreciate the significance of the pilot implementation of the model of parent–subsidiary company.

      一、鼓励证券评估机构集团化发展,采用母子公司经营模式。充分利用现代企业经营模式的先进成果,发挥评估机构的品牌、技术、管理优势,增强评估机构核心竞争力,是评估行业发展的必然选择。各省、自治区、直辖市财政部门、资产评估协会、证券评估机构要充分认识开展母子公司试点的重要意义。

2. The pilot implementation of the model of parent-subsidiary company shall be carried out pursuant to the principles of "combining centralized management with independent management, carrying out regulation in a reasonable manner, making active exploration and bold innovation, following scientific guidance and striving for steady progress", with the objectives being to standardize practice standards, quality control mechanisms, internal training systems, corporate identity and information systems. Agencies included in the pilot implementation shall, on the basis of strict compliance with laws and regulations, proactively explore scientific, effective and sustainable operational mechanisms, give full play to the advantages of their parent companies in terms of corporate branding, practice experience, talent management, operational mechanisms, professional competence and risk control, so that synergy be created, concerted efforts formed, and the advantages of economies of scale displayed to realize bigger, stronger and better development.

      二、母子公司试点工作要按照“统分结合、合理规范,积极探索、大胆创新,科学引导、稳步推进”的原则,以统一执业标准、统一质量控制机制、统一内部培训体系、统一企业标识、统一信息系统为目标。试点机构要在严格遵守法律、法规的基础上,积极主动地探索科学有效、可持续发展的运营机制,充分发挥母公司在企业品牌、执业经验、人才管理、运营机制、胜任能力、风险控制等方面的优势,以点带面,形成合力,发挥规模优势,实现做大做强做优。

3. The China Appraisal Society shall organize the pilot implementation of the model of parent-subsidiary company. It shall separately formulate specific conditions and procedures, and report the same to the MOF for record-filing.

      三、母子公司试点工作由中国资产评估协会组织实施。具体条件和程序由中国资产评估协会另行规定,并报财政部备案。

4. During the pilot implementation of the model of parent-subsidiary company, finance departments at the provincial level shall render cooperation to issues involving changes of the equity of the subsidiaries.

      四、母子公司试点工作中,涉及到子公司股权变更等问题,各省级财政部门应当予以配合。

5. The China Appraisal Society shall report information on the pilot implementation of the model of parent-subsidiary company to the MOF for record-filing.

The MOF may request the China Appraisal Society to correct improper examination and approval activities.

      五、中国资产评估协会应将试点母子公司情况向财政部备案。

    财政部发现不当的审批行为,可要求中国资产评估协会予以纠正。

6. This Notice shall come into effect on the date of its printing and distribution.

Ministry of Finance

November 25, 2010

      六、本通知自印发之日起执行。

    财政部

    二○一○年十一月二十五日