China Accounting Alert – March 2023 – The Accounting Regulatory Department of the Ministry of Finance (MOF) releases Q&As on implementing the new accounting standard for insurance contracts

China Accounting Alert is the monthly executive update for Mainland China and Hong Kong on recent developments in local and international financial reporting standards, 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: The Accounting Regulatory Department of the Ministry of Finance (MOF) releases Q&As on implementing the new accounting standard for insurance contracts (Cai Kuai [2020] No. 20); Notice of the Shanghai Stock Exchange (SSE) on issuing the Guidelines for the Application of Rules of the Shanghai Stock Exchange for Review of Issuance and Listing of Corporate Bonds No. 2 - Specific Types of Corporate Bonds (Revised in 2023); Notice of the SSE on issuing the Business Guideline No. 4 of the Shanghai Stock Exchange for Review of Issuance and Listing - Self-Check Forms for Common Issues Concerning Requirements for Information Disclosure and Verification; etc.

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