This year marked a large step forward for the continuing integration of world trade and capital markets, with China adopting a significant number of the accounting standards laid out by the International Accounting Standards

The China Accounting Standards Committee (the "Committee") under the Ministry of Finance ("MOF") is the advisory body for setting Chinese accounting standards.

Lou Jiwei Wang Jun Ge Jiashu Feng Shuping Dong Dasheng Xu Shanda Li Wei Wang Jianxi Meng Jianmin Zhang Weiguo ...

Article 1 The China Accounting Standards Committee (hereinafter referred to as the "Committee") under the Ministry of Finance is the advisory body for setting Chinese accounting standards.

The following procedures are designed to further improve the transparency of setting accounting standards, and to ensure solicit comments and recommendations from the society extensively in setting accounting standards.