China mulls law to regulate appraisal services

Updated: 2012-02-27 11:23


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BEIJING - China's top legislature on Monday began to deliberate a draft law on assets appraisal.

In its three-day bimonthly session from Monday to Wednesday, senior legislators of the Standing Committee of the National People's Congress (NPC) will deliberate the draft, which aims to regulate the services and safeguard the legitimate rights and interests of the clients claiming for appraisal.

The draft, in all 8 chapters and 59 articles, makes stipulations mainly on the registration of public valuers, obligations and rights of appraisal institutions, supervision over the appraisal industry, and penalties for violations.