China Accounting Alert – February 2021 – MOF releases Accounting Standard for Business Enterprises Interpretation No.14

China Accounting Alert is the monthly executive update for Mainland China and Hong Kong on recent developments in local and international financial reporting, and related hot topics and emerging issues. China Accounting Alert is designed to help keep you one step ahead by providing easy access to the information you need, all in one place. It is not intended to be a substitute for reading the financial reporting standards or other appropriate authoritative guidance, to which reference should be made for a full understanding of the relevant subject matters.

Matters covered in this issue include: MOF releases Accounting Standard for Business Enterprises Interpretation No.14; MOF, State-owned Assets Supervision and Administration Commission of the State Council (“SASAC”), China Banking and Insurance Regulatory Commission (“CBIRC”) and China Securities Regulatory Commission (“CSRC”) jointly issue Notice on 2020 Annual Reports; CSRC issues Guideline for the Application of Regulatory Rules – Valuation No. 1; CSRC issues Provisions on On-site Inspection of Enterprises Applying for Initial Public Offerings ; Shanghai Stock Exchange (the “SSE”) issues Supporting Business Rules for the Publicly Offered Infrastructure REITs; SSE issues Self-Check Forms for common issues identified during review of issuance and listing on the Sci-Tech Innovation Board; Shenzhen Stock Exchange (the “SZSE”) issues Supporting Business Rules for the Publicly Offered Infrastructure REITs; etc.

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