Does the property company have a veto in the annual review?

The annual review of the property company has not been rejected by one vote.

Article 1 In order to strengthen the supervision and management of property management activities, standardize the market order of property management and improve the service level of property management, these Measures are formulated in accordance with the Regulations on Property Management.

Article 2 These Measures shall apply to the application for the qualification of property management enterprises in People's Republic of China (PRC) and the implementation of the qualification management of property management enterprises.

The term "property management enterprises" as mentioned in these Measures refers to enterprises established according to law, with independent legal personality and engaged in property management services.

Article 3 The qualification grades of property management enterprises are divided into Grade I, Grade II and Grade III.

Article 4 The competent department of construction in the State Council shall be responsible for the issuance and management of qualification certificates of first-class property management enterprises.