China Accounting Alert – July 2024 – Provisions of the State Council on Implementation of the Registered Capital Management System under the Company Law of the People's Republic of China

China Accounting Alert is the monthly executive update for the Chinese mainland 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: Provisions of the State Council on Implementation of the Registered Capital Management System under the Company Law of the People's Republic of China; Notice of the General Office of the State Council on Transmitting the Opinions on Further Carrying out the Comprehensive Punishment and Prevention of Financial Frauds in the Capital Market Properly by the CSRC and other Authorities; CSRC releases the Compilation Rule for Information Disclosure by Companies Offering Securities to the Public No. 4 – Special Provisions on Information Disclosure of Insurance Companies (Revised in 2024); 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.