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Designated by the local government and General Administration
of Quality Supervision. Inspection and Quarantine of the People’s
Republic of China, CCIC Guangdong is the civil organization
responsible for the appraisal of foreign-invested properties
in Guangdong province.
According to the Administration Rules for Foreign-invested Property
appraisal issued by the Ministry of Treasury of P.R.China, both
tangible assets (machines, equipment, materials, etc.) and intangible
assets directly invested by or imported from abroad at the request
of foreign investors, are subject to property appraisal if foreign
companies, enterprises, other economic organizations or individuals
(those from Hong Kong, Macao, and Taiwan included) open up business
and carry on various kinds of compensatory trade in Guangdong.
Appraisal of property nature, nature, quality and quantity---to
survey on the name, type, quality, specification, trade mark,
depreciation rate and manufacturing date, original country,
manufacturer, etc. of the foreign-invested properties.
Value appraisal--- to assess the current value
of the foreign-invested properties.
Loss appraisal---to identity the cause and
effect of loss, estimated the cost for settling losses and the
value of the residual properties, in case of any natural calamities
or accidents happening to the foreign-invested properties.
The certificate of assets appraisal issued by CCIC Guangdong
is the evidence of investment proportion of each investor. Meanwhile
it is the indispensable document for new business registration,
annual audit, assets liquidation and capital verification. A
certified public accountant firm in Guangdong province should
verify the capital of the foreign-invested enterprise on the
basis of the certification issued by CCIC Guangdong.
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