Dear fellow valuers, appraisers, and friends,

We were saddened to learn of the sudden  passing of Madam Liu Ping on June 5, 2021. She was 63 years old.  

Liu Ping was a true pioneer in the world of  asset appraisal and business valuation.  As the Secretary General of the China Appraisal Society (CAS), she was determined to bring China’s standards and practices for both asset appraisal and business valuation up to a level of competitiveness with international practices.  To achieve this goal, Madam Liu sent emissaries from CAS to visit with other well known valuation organizations around the world to observe their practices and methods for training.  She embraced the workings of the International Valuation Standards Council (IVSC) and their efforts at the promotion of international valuation standards for both asset appraisal and business valuation. Liu Ping was appointed to the Board of Trustees of IVSC as a valued adviser and contributor to the international effort to harmonize these important professional practices.

We learnt from her the evolution of  assets appraisal and business valuation in China.  We were honored to serve alongside of her in her quest to bring the international valuation theory and practices to China.

Madam Liu has been a respected and valued advisor to IACVS for more than ten years.  She received the IACVS Honorary Member Award in 2011 and had qualified for the ICVS – International Certified Valuation Specialist designation.  She provided guidance in training to valuation professionals, both in China and everywhere else.  She shared her invaluable insights at our many conferences in China and at many venues around the world.  In the meanwhile, she also brought her wit and humor to the world.  

Our organization benefited from her many suggestions while she served as the Vice-Chair of the IACVS Board of Directors.  We are forever grateful for her tenure at IACVS.  During our years of working with her, she demonstrated the utmost professionalism and contributed tremendously to the practical body of knowledge for all of us participating on the world stage in the accounting and valuation fields. 

The news of her death is being received by friends and acquaintances around the world with both shock and disbelief.  It is our deepest sorrow to learn about her untimely passing.  She was our friend, and she will be missed by many.