中联资本管理有限公司

What 中联资本管理有限公司 does

中联资产评估集团有限公司 (China United Assets Appraisal Group Co., Ltd., commonly branded as 中联评估) is a privately held, Beijing-headquartered professional services firm founded in 1994, originating from a joint venture between the Ministry of Finance and the former State Economic and Trade Commission. In 2010, it became China's first attestation-type professional services group to complete formal registration. The firm provides comprehensive asset appraisal services spanning securities business valuations, land use rights, real estate, mining rights, forest resources, jewelry and artwork, enterprise value assessments, and financial reporting purpose valuations, primarily serving central state-owned enterprises (SOEs), A-share listed companies, and government regulatory bodies.

The firm holds all national specialized appraisal qualifications and operates a wholly-owned subsidiary network of 26 entities across 30+ Chinese provinces, plus regional headquarters in Hong Kong and Melbourne. Its proprietary technology includes the Mo Gu Yun (摩估云) Smart Valuation Cloud Platform launched in 2017 — certified by the China Appraisal Association as one of the first 'Asset Appraisal Practice Auxiliary Systems' — and a pioneering six-characteristic data asset valuation methodology that contributed to the national standard 'Information Technology — Big Data — Data Asset Appraisal' and the CAS 'Data Asset Appraisal Guidance Opinions.' In 2023, the firm established Zhonglian Asset Appraisal Group Beijing Data Co., Ltd., the first professional data asset valuation company approved by the Ministry of Finance and CSRC.

The business model is fee-based professional services on a per-project basis, with multi-year negotiated contracts and revenue tied to M&A advisory, restructuring mandates, IPO preparation, and regulatory valuation assignments. Cumulative assessed value exceeds 49 trillion yuan across more than 5,000 projects, with annual revenue exceeding 300 million yuan and central SOE client coverage above 90%. The firm has been ranked first in the China Appraisal Association's comprehensive evaluation and revenue ranking for eight consecutive years since 2012, and maintains strategic alliances with RICS (2015), IACVA (2016), and Hanlin Mausi (2016) for cross-border engagements across more than 50 countries.

Name

中联资本管理有限公司

Legal name

中联资产评估集团有限公司

Website

https://china-value.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

中联资产评估集团 is China's largest privately-held asset appraisal firm, founded 1994, serving central SOEs, listed companies, and government regulators with comprehensive valuation services across 30+ provinces plus Hong Kong and Australia operations.

Ownership category

akta.pro rank

Product category

Asset Appraisal Services

NAICS

Offices of Real Estate Appraisers (53132), Offices of Real Estate Appraisers (531320)

SIC

Finance Services (6199)

akta.pro primary industry

Machinery, Equipment & Fixed Asset Appraisal (FSAEAHAK)

akta.pro secondary industries

Automated Valuation Models (AVM) & Desktop/Hybrid Appraisals (BPAJAKAO), Property Valuation: Appraisal Management (AMC) & Appraiser Networks (FSALALAI), Real Estate Valuation & Appraisal Advisory (FSAEAJAI)

Keywords

• Asset appraisal services
• Business valuation
• Real estate appraisal
• Mining rights valuation
• Data asset valuation

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Asset Appraisal Services: Core business providing asset valuation services including securities business asset appraisal, land use rights appraisal, real estate appraisal, mining rights appraisal, forest resources appraisal, jewelry and art appraisal consulting, enterprise value assessment, and financial report purpose valuations. Services国企央企/上市公司/政府监管transactions across all sectors of the national economy.
2. Financial Advisory and Management Consulting: Credit rating, financial advisory, and management consulting services provided through affiliated companies, contributing to diversified revenue streams.
3. Cost Consulting: Engineering cost consulting services provided through affiliated companies.
4. Data Asset Valuation and Consulting: Specialized data asset valuation services through subsidiary 中联资产评估集团北京数据有限公司, covering financial, transportation, satellite, and environmental sectors.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Zhonglian Asset Appraisal Group provides comprehensive professional asset appraisal and valuation services across China, covering securities business appraisal, land use rights, real estate, mining rights, forest resources, jewelry and artwork, and enterprise value. The group delivers data asset valuation through its subsidiary and operates the Mo Gu Yun (摩估云) intelligent valuation cloud platform certified by the China Appraisal Association.

Product overview

中联资产评估集团 operates as a comprehensive professional services group offering integrated appraisal and valuation services. The core offerings include 资产评估 (assets appraisal), 证券业务资产评估 (securities appraisal), 土地使用权评估 (land use rights), 房地产评估 (real estate), 矿业权评估 (mining rights), 森林资源评估 (forestry), and 珠宝首饰艺术品评估咨询 (jewelry/art appraisal). The group provides specialized services such as 数据资产评估 (data asset valuation) through its subsidiary 中联资产评估集团北京数据有限公司, and has developed 摩估云, an intelligent cloud platform for digital valuation workflows. Related professional services include credit rating, financial advisory, management consulting, and cost estimation through affiliated companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Asset Appraisal Services (资产评估服务)
• Securities Business Asset Appraisal (证券业务资产评估)
• Land Use Rights Appraisal (土地使用权评估)
• Real Estate Appraisal (房地产评估)
• Mining Rights Appraisal (矿业权评估)

Quantifiable outcome

• Cumulative asset value assessed exceeds 49 trillion yuan across 5,000+ projects
• +2 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• China Electronics Technology Standardization Research Institute (中国电子技术标准化研究院)coreStrategic or Co-development Partner · 1 January 2023Partner in the national first Data Asset Assessment Working Group, established under the guidance of the Ministry of Finance Asset Management Department, MIIT Electronics Standards Institute, and Beijing Municipal Government. Conducted pilot assessments covering financial, transportation, satellite, and environmental sectors.
• Beijing International Big Data Exchange (北京国际大数据交易所)coreTechnology or Integration · 1 January 2023Key partner in the Data Asset Assessment Working Group, contributing to the data asset full-chain service ecosystem including registration, valuation, credit授信, financing, and transaction services.
• International Association of Certified Valuation Analysts (IACVA)coreStrategic or Co-development Partner · 29 October 2016Signed two strategic agreements: (1) initiation of the Zhonglian International Appraisal Alliance and (2) strategic integration agreement with US Hanlin Mausi Public Accounting Firm. This was described as a milestone event in the internationalization of China's appraisal industry, with IACVA President William Hanlin participating in the signing ceremony witnessed by CAS Secretary-General Zhang Guochun.
• Hanlin Mausi Public Accounting Firm (美国汉林茂斯公共会计师事务所)coreStrategic or Co-development Partner · 29 October 2016Strategic integration partner under the Zhonglian International Appraisal Alliance framework. Hanlin Mausi is a US public accounting firm and IACVA founding member. The partnership enables Zhonglian to offer integrated cross-border valuation services for Chinese enterprises investing abroad.
• Hong Kong Appraisal Advisory Limited (香港评值国际有限公司)coreStrategic or Co-development Partner · 1 January 2016Strategic cooperation agreement signed on November 3rd, leveraging Hong Kong as a financial center bridgehead. Hong Kong Appraisal Advisory has extensive experience serving clients on HKEx, NYSE, NASDAQ, and SGX with capabilities in enterprise valuation, intangible asset valuation, financial instrument valuation, real estate, and mining assessments.
• Royal Institution of Chartered Surveyors (RICS)coreStrategic or Co-development Partner · 8 December 2015Zhonglian and RICS signed a comprehensive strategic cooperation agreement covering information exchange, high-level exchanges, academic seminars, professional training,执业 standards, and project collaboration. RICS is a globally renowned professional organization with over 200,000 members across 146 countries. The partnership helps Zhonglian advance international standards integration and global market expansion.
• Tasmanian Government (澳大利亚塔斯马尼亚州政府)minorStrategic or Co-development Partner · 18 November 2014Partnership formed during the TASINVEST investor forum held during President Xi Jinping's visit to Tasmania. Zhonglian committed to providing comprehensive professional services including asset valuation for Chinese enterprises investing in Tasmania, with follow-up discussions for a formal cooperation memorandum.
• Korea Future Shinhana Appraisal Corporation (韩国未来新韩评估法人)minorStrategic or Co-development Partner · 1 April 2007Signed a future business cooperation framework agreement in April 2007 during President Shen Qi's visit. Both parties exchanged views on appraisal professional issues and agreed to cooperate on cross-border appraisal needs.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• PricewaterhouseCoopers China Valuation: PwC's Chinese valuation and business modeling team serves large SOE and cross-border M&A mandates, with global network advantages. Overlaps with Zhonglian on enterprise value and intangible asset appraisal.
• Cushman & Wakefield Valuation & Advisory China: Global commercial real estate services firm with substantial China valuation and advisory operations serving institutional investors and SOEs on real estate portfolio valuations. Comparable on cross-border commercial real estate appraisal.
• Deloitte China Valuation Services: Deloitte's Chinese valuation practice competes for large SOE M&A, IPO and impairment testing mandates. Broader Big-4 incumbent offering advisory and audit services beyond pure appraisal.

Direct peers

• Hong Kong Appraisal Advisory Limited (香港评值国际): Zhonglian's own Hong Kong subsidiary is also an independently operating Hong Kong-headquartered valuation firm serving HKEx/NYSE/NASDAQ/SGX-listed companies. Provides direct comparable cross-border valuation practice.
• Beijing Beifang Yashi Asset Appraisal (北京北方亚事): Beifang Yashi is a top-10 China Appraisal Association-ranked asset appraisal firm providing enterprise value, intangible asset and securities-related appraisal. Closely comparable on SOE restructuring and listed-company mandates.
• China United Assets Appraisal Group (中联资产评估集团 direct competitors - Beijing Zhongqihua 中企华): Beijing Zhongqihua Asset Appraisal Co., Ltd. is one of China's largest asset appraisal firms and a top-3 CAS-ranked competitor, offering securities, real estate, land, mining rights and enterprise value appraisal to SOEs, listed companies and government clients. Highly comparable given near-identical service portfolio and target customer base.
• Zhongwei Zhengxin Asset Appraisal (中威正信): Beijing Zhongwei Zhengxin Asset Appraisal Co., Ltd. is another top-ranked Chinese asset appraisal firm holding national-level qualifications across securities, land, real estate and mining rights. Comparable in customer mix, regulatory positioning and scale to Zhonglian.
• Beijing Tianjian Xingye Asset Appraisal (北京天健兴业): Tianjian Xingye is a major Beijing-headquartered asset appraisal firm with national qualifications serving A-share listed companies, SOEs and government clients. Direct comparable on appraisal service breadth and target customer segments.
• Zhonghe Asset Appraisal (中和资产评估): Zhonghe Asset Appraisal Co., Ltd. is a major CAS top-100 firm offering securities, real estate, land and enterprise value appraisal, particularly active in listed-company M&A. Direct comparable on capital markets appraisal mandates.

Others

• China Real Estate Appraisers Association Member Firms (e.g., China Fangdi 房 地 产 估 价): Industry association firms focused primarily on real estate and land appraisal, a narrower specialization of Zhonglian's appraisal portfolio. Comparable for the real estate and land use rights valuation segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/%E4%B8%AD%E8%81%94%E8%B5%84%E6%9C%AC%E7%AE%A1%E7%90%86%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries28 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 中联资本管理有限公司