On June 16, 2023, the deputy secretary of the Party Committee of the China Appraisal Society (“CAS”) Mr. Yang Songtang and his delegation visited AVISTA Asset Appraisal (Beijing) Co., Ltd. (“AVISTA Appraisal”) to conduct in-depth research on how Hong Kong surveyors can better carry out appraisal work in mainland China. AVISTA Appraisal’s Founder and Managing Partner, Mr. Vincent Pang, Partner, Ms. Hailey Jin, Partner, Ms. Jessica Zhong, and other personnel attended the research symposium.
This research aimed to understand the development of the Hong Kong surveyor industry in mainland China, listen to the opinions and suggestions of asset appraisal institutions on how to better carry out appraisal work in mainland China, and strengthen communication and cooperation between the mainland appraisal industry and the Hong Kong surveyor industry. The research team from CAS and AVISTA Appraisal participants had in-depth exchanges on the similarities and differences between Hong Kong surveyor business and mainland asset appraisal business, the impact of the differences in the criterion system on asset appraisal business, and the situation and difficulties encountered by Hong Kong professionals in taking the asset appraiser qualification examination.
During the visit, Vincent briefly introduced the development history and current situation, management model, and main business areas of AVISTA Appraisal to the research team of the CAS and reported on the difficulties and problems faced by AVISTA Appraisal during its business practice.
Mr. Yang said that the asset appraisal services provided by AVISTA Appraisal in the process of mainland enterprises going public in Hong Kong could be the reference for the Hong Kong surveyor industry to carry out appraisal work in mainland China, especially in the fields of financial instruments, intangible assets, and light asset enterprises value assessment with international perspectives and rich practical experience. In response to the opinions and suggestions proposed by AVISTA Appraisal, the Society will further conduct research, and subsequently attempt to strengthen in-depth cooperation between mainland China and the Hong Kong surveyor industry through holding seminars, organizing lectures, and exchanging personnel to learn from each other, enabling asset appraisal institutions to better carry out appraisal work in mainland China.