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China Accounting Alert – May 2022 – MOF adjusts the scope of the provisions on the 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 the Provisions on the accounting treatment for COVID-19-related rent concessions ; The China Securities Regulatory Commission (CSRC) issues notice on the standardization of business transactions between listed companies and group finance companies; Shanghai Stock Exchange (SSE) revises key points of review of issuance and listing of corporate bonds; The SSE revises formats of announcements of listed companies; etc.
Please feel free to contact your EY client service professionals for further assistance if you find the provision of China Accounting Alert have an impact on your business operations.