On May 8th, IACVA President William Hanlin and Executive Manager Susan Yi met with Mr. Lei, president of Zhengheng Valuation Inc. The two parties discussed their future cooperation in detail.

Zhengheng’s business is no longer confined to Xi’an, having four other offices established in other cities in China. At the same time, the valuation industry of China is developing at a high speed; professional guidance in both theory and practice is of great significance. Based on the overall needs of Chinese valuation professionals and the present expansion of Zhengheng, IACVA and Zhengheng will work jointly on the publication of advanced works in this field. Research papers and valuation reports around the world will be collected and translated into Chinese.

During the conversation, the two parties discussed the development and application of the Market Approach in China. Due to economic growth in China, the number of small and medium size companies has increased enormously, and the valuation of such businesses now constitutes an important portion of the services of Chinese valuators. Mr. Hanlin indicated that it was not appropriate to apply the data of public companies to small and medium sized ones, and that IACVA will keep working with Chinese professionals on this subject.

Both parties expressed their keen expectation for future cooperation, believing this will be a win-win solution for both IACVA and Zhengheng Valuation Inc.