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What is the evaluation auction process and how long does it take?

Legal analysis: 1. The auction of movables should be announced 15 days before the auction. If a judicial auction is held after the auction is unsuccessful, the announcement should be made 7 days before the auction. 2. The auction of real estate or other property rights shall be announced 30 days before the auction. If the auction fails, the judicial auction shall be announced 15 days before the auction. 3. The auction of state-owned shares and social legal person shares of listed companies shall be announced 20 days before the auction. To sum up, the preparation work before the official announcement of the auction announcement takes up to about 12 working days. After that, the announcement time is determined according to the auction target. Therefore, under normal circumstances, there is an announcement period, but there is no hard and fast rule of 2 months.

Legal basis: "Trial Measures for the Auction and Sale of Tax-Deductible Property" Article 2 These Measures shall apply to the tax authorities' activities of auctioning and selling tax-deductible property and using the proceeds from the auction or sale to offset taxes and late payment fees. Auction refers to a buying and selling method in which tax authorities entrust tax-deductible property to an auction agency in accordance with the law, and transfer specific property to the highest bidder in the form of public bidding. Sale refers to a transaction method in which the tax authorities entrust a commercial enterprise to sell tax-deductible property on their behalf, order the taxpayer to dispose of it within a time limit, or have the tax authorities change the price of the property. Tax-deductible property refers to commodities, goods, other properties or property rights that have tax security rights that have been seized or sealed by tax authorities for tax enforcement in accordance with the law, or that are subject to enforcement in accordance with regulations. The person subject to execution refers to the tax administrative counterpart such as taxpayer, withholding agent or tax guarantor engaged in production and operation.