12

2021-11

Analysis of Key Issues Subject to Penalties


In the penalty cases, violations of 23 assessment guidelines and 193 specific provisions totaled 1,109 instances. The guidelines with the highest number of violations were: "Guidelines for Asset Valuation Practice—Asset Valuation Procedures," "Guidelines for Asset Valuation Practice—Asset Valuation Reports," "Guidelines for Asset Valuation Practice—Asset Valuation Files," "Basic Guidelines for Asset Valuation," and "Guidelines for Asset Valuation Practice—Enterprise Value," with 279, 165, 162, 112, and 101 violations, respectively.

08

2024-02

Notice on Strengthening Data Asset Management in Administrative and Public Institutions


Relevant departments of the Party Central Committee, all ministries and commissions of the State Council and their directly affiliated institutions, the General Office of the Standing Committee of the National People's Congress, the General Office of the National Committee of the Chinese People's Political Consultative Conference, the Supreme People's Court, the Supreme People's Procuratorate, the central committees of various democratic parties, relevant people’s organizations, the finance departments (bureaus) of all provinces, autonomous regions, municipalities directly under the central government, and cities under separate planning, the Finance Bureau of the Xinjiang Production and Construction Corps, and centrally-administered enterprises concerned:

15

2024-04

Several Opinions of the State Council on Strengthening Regulation, Preventing Risks, and Promoting High-Quality Development of the Capital Market


Since the 18th National Congress of the Communist Party of China, China’s capital market has experienced rapid development and has played a significant role in promoting optimal allocation of resources, driving rapid economic growth and long-term social stability, and supporting scientific and technological innovation. To thoroughly implement the spirit of the Central Financial Work Conference and further promote high-quality development of the capital market, we hereby put forward the following recommendations.

17

2024-05

Announcement by the Ministry of Finance on the Results of the Joint Inspection of the Asset Valuation Industry for 2023


To implement the requirements of documents such as the "Notice Issued by the General Office of the CPC Central Committee and the General Office of the State Council on Further Strengthening Financial and Accounting Supervision," the Supervision and Evaluation Bureau of the Ministry of Finance, together with the China Association of Asset Appraisers (hereinafter referred to as CAAA), continues to strengthen joint supervision over the asset appraisal industry in accordance with laws and regulations including the "Asset Appraisal Law of the People's Republic of China," thereby promoting improvements in the quality of practice within the industry and fostering a cleaner and healthier development environment.

24

2024-05

Ministry of Finance’s Legislative Work Plan for 2024


The year 2024 marks the 75th anniversary of the founding of the People’s Republic of China and is a pivotal year for achieving the goals and tasks set forth in the 14th Five-Year Plan. Under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core, the Ministry of Finance adheres to the guiding principles of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implements the spirit of the 20th National Congress of the Communist Party of China and the Second Plenary Session of the 20th Central Committee, as well as the decisions and deployments of the Party Central Committee and the State Council. The Ministry also deeply studies and applies Xi Jinping’s thought on the rule of law, consistently ensures that legislative work proactively supports the overall cause of fiscal reform and development, steadily advances the construction of a sound system of fiscal legal norms, and strives to enhance the quality of fiscal legislation, thereby providing solid legal guarantees for the high-quality development of the fiscal sector.

29

2024-05

The China Securities Regulatory Commission has issued "Eight Measures for Deepening the Reform of the STAR Market and Serving the Development of Technological Innovation and New Quality Productivity."


On June 19, the China Securities Regulatory Commission (CSRC) released the "Eight Measures for Deepening the Reform of the STAR Market and Serving the Development of Technological Innovation and New Quality Productivity" (hereinafter referred to as the "Eight Measures"), further deepening reform, enhancing inclusiveness toward new industries, new business models, and new technologies, leveraging the functions of the capital market, and better serving the overall goal of Chinese-style modernization.

29

2024-05

Li Qiang signed a State Council decree promulgating the "Regulations on Disciplinary Actions Against Managers of State-Owned Enterprises."


To standardize the disciplinary measures against managers of state-owned enterprises and strengthen oversight of such managers, these Regulations are formulated in accordance with the “Administrative Disciplinary Measures for Public Officials of the People’s Republic of China” (hereinafter referred to as the “Administrative Disciplinary Measures for Public Officials”) and other relevant laws.

21

2024-06

Notice from the General Office of the Ministry of Finance and the General Office of the China Securities Regulatory Commission on Public Solicitation of Comments on the “Measures for the Filing of Asset Valuation Agencies Engaging in Securities Services (Draft for Comments)”


To further strengthen the supervision and management of asset valuation agencies engaging in securities services business and to standardize their filing practices for such activities, the Ministry of Finance, together with the China Securities Regulatory Commission, has revised the “Measures for the Filing of Asset Valuation Agencies Engaging in Securities Services Business” (Cai Zi [2020] No. 114) and has drafted the “Measures for the Filing of Asset Valuation Agencies Engaging in Securities Services Business (Draft for Comments).” We are now soliciting public comments on this draft.

08

2024-07

Notice from the General Office of the State Council forwarding the “Opinions on Further Strengthening Comprehensive Measures for the Prevention and Punishment of Financial Fraud in the Capital Market” issued by the China Securities Regulatory Commission and other departments.


The capital market plays a crucial role in financial operations—its stability affects the entire financial system. Financial fraud severely disrupts the order of the capital market and undermines investor confidence. In recent years, all relevant parties have earnestly implemented the decisions and deployments of the Party Central Committee and the State Council, continuously intensifying regulatory enforcement efforts. As a result, a number of financial fraud cases have been promptly investigated and dealt with, effectively improving the market environment.

18

2024-07

Communique of the Third Plenary Session of the 20th Central Committee of the Communist Party of China


Attending this plenary session were 199 members of the Central Committee and 165 alternate members of the Central Committee. Members of the Standing Committee of the Central Commission for Discipline Inspection and leading officials from relevant departments also attended the meeting as observers. Some grassroots representatives and expert scholars among the delegates to the 20th National Congress of the Party also attended the meeting as observers.
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