BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Talks.cam//talks.cam.ac.uk//
X-WR-CALNAME:Talks.cam
BEGIN:VEVENT
SUMMARY:Assets valuation: Practices and Challenges in China's Transitional
  Period/中国资产价值评估：实践与挑战 - Professor Jiang Wei\,
  Department of Finance\,  Shenyang University
DTSTART:20120710T160000Z
DTEND:20120710T170000Z
UID:TALK38916@talks.cam.ac.uk
CONTACT:22842
DESCRIPTION:China is one of the hot topics in the economic world today\, w
 hich frequently occupies the headlines of the media\, but what less talked
  about is China's valuation profession\, which has played a significant ro
 le in its transition from a central planned economy to a market economy\, 
 where market forces start to set prices rather than a central planning org
 anization and the valuation profession has been established to facilitate 
  the process. \n\nIt is known to all that huge amounts of SOEs' assets (th
 at belong to the State_Owned Enterprises) have been sold for the purpose o
 f privatization\, or industrial restructuring\, and about ￡140billions o
 f Non_Performing Loans (NPL) of the four biggest commercial banks in China
  were disposed of before the banks went public\, but little is known in re
 gards to how the value was assessed\, and what methodologies and parameter
 s were used\, etc. \n\nOne of the objectives of the talk is to develop an 
 understanding of the valuation profession in China in its transitional per
 iod\, which will examine how this process has come about\, its practices a
 s well as challenges that the profession is facing. Another is to look int
 o the historic background behind China's development\, so that a valuer's 
 perspective in viewing its growth could be obtained\, which argues that mo
 netization is another major contributing factor to China's GDP growth.
LOCATION:Bateman Auditorium\,Gonville and Caius College
END:VEVENT
END:VCALENDAR