China Accounting Alert – June 2021 – MOF adjusts the scope of Provisions on Accounting Treatment for COVID-19-related Rent Concessions

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 adjusts the scope of Provisions on Accounting Treatment for COVID-19-related Rent Concessions; The Accounting Regulatory Department of the MOF releases application examples of Accounting Treatment for COVID-19-related Rent Concessions and the third batch of Q&As on Implementing Accounting Standards for Business Enterprises; CSRC amends and repeals certain guidelines on securities and futures; SSE issues Guidelines on ongoing information disclosure of STAR attributes and related matters; SSE issues Guideline on the ongoing business of publicly offered infrastructure REITs; NEEQ releases guidelines on information disclosure for financing guarantee companies; etc.

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