People's Republic of China (PRC) Assets Appraisal Law
Fifteenth evaluation institutions shall take the form of partnership or company according to law, and employ evaluation professionals to carry out evaluation business.
The evaluation institution in the form of partnership shall have more than two evaluators; More than two-thirds of its partners should be appraisers with more than three years' working experience, and they have not been punished for stopping working in the last three years.
An appraisal institution in the form of a company shall have more than eight appraisers and more than two shareholders, of whom more than two thirds of the shareholders shall be appraisers who have more than three years' experience and have not been punished for stopping practicing in the last three years.
If the appraisal institution has two partners or shareholders, the two partners or shareholders shall be appraisers who have more than three years' working experience and have not been punished for stopping working in the last three years.
Article 16 The establishment of an evaluation institution shall apply to the administrative department for industry and commerce for registration. The evaluation institution shall, within 30 days from the date of obtaining the business license, file with the relevant evaluation administrative department. The evaluation administrative department shall promptly announce the filing of the evaluation institution to the public.