In a bid to regulate copyright asset evaluation and facilitate culture creative industry development, the Guiding Opinion on Copyright Asset Evaluation, the first of its kind in China, will be implemented from July 1, 2011, according to China Asset Assessment Association.

The opinions regulate the criterion of evaluation in copyright asset definition, requirement, assessing object, operation requirement and disclosure. It preliminary solved the problems of evaluation complexity and time-effectiveness of copyright asset. It also solve the problem of China's lacking guidance in copyright asset evaluation.

Although International Valuation Standards has its single standard for intangible asset evaluation, there is no prescribing of copyright evaluation standard. The Opinion not only regulates the practice in particular specialty, but also fills the gap in this area.

(Source:China IP News)