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China Accounting Alert – June 2025 – MOF and the National Financial Regulatory Administration (NFRA) issue the Circular on Further Implementing the New Accounting Standards for Insurance Contracts
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: MOF and the National Financial Regulatory Administration (NFRA) issue the Circular on Further Implementing the New Accounting Standards for Insurance Contracts; IASB Update May 2025; Applying IFRS: Connected Financial Reporting – Accounting for Climate Change; 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.