CHINA, PEOPLE'S REPUBLIC OF

Organisation Name: China Appraisal Society (CAS)

IVSC Member:  Yes

Do members have to follow IVS? No

Does organisation issue its own standards? No

Do these, include, replace, or extend IVS ? n/a

Additional Information: CAS is under the direction of the Ministry of Finance. Its members deal with appraisal of a wide range of assets, including general asset and business valuation, land and buildings for financial reporting, and plant and machinery valuation. Qualified members are designated Certified Public Valuers.


Member: International Institute of Business Valuers (IIBV)


Organisation Name: China Real Estate Valuers Association (CREVA)

IVSC Member:  No

Do members have to follow IVS? No

Does organisation issue its own standards? No

Do these, include, replace, or extend IVS ? -  n/a

Additional Information: CREVA comes under the Ministry of Land and Resources of the PRC. CREVA and its members deal principally with the appraisal of land. Licensed members are required to abide by the Regulations for the Valuation of Urban Land and have the designation Licensed Land Valuer/Appraiser.


Organisation Name: China Institute of Real Estate Appraisers and Agents (CIREA)

IVSC Member:  No

Do members have to follow IVS? No

Does organisation issue its own standards? No

Do these, include, replace, or extend IVS ? -  n/a

Additional Information: CIREA is under the Ministry of Housing and Urban-Rural Development and deals with the appraisal of buildings through the code for real estate appraisal. It established the PRC’s first uniform property appraisal standard in 1999 and has drawn up regulations for professional conduct, the content of valuation reports and fee rates. Members must comply with the Code of Real Estate Appraisal (Property) and have the designation Licensed Real Estate Appraiser.