Overseas accounting firms required to report online for panda bond audit

0 Comment(s)Print E-mail Xinhua, April 12, 2019
Adjust font size:
A bank staff member counts 100-yuan banknotes at the Beijing Branch of the Bank of Communication in Beijing, capital of China. [Photo/Xinhua]

China has set reporting requirements for overseas accounting firms to audit panda bonds, a move regarded as being significant to internationalizing the country's bonds market.

Overseas accounting firms which offer auditing services for panda bonds, or yuan-denominated debts sold by foreign issuers, should report at http://acc.mof.gov.cn at least 20 days ahead of the bond's issuance application, the Ministry of Finance said Thursday.

The reporting should be conducted annually before May 31 each year during the bonds' duration after the first registration.

China allowed overseas accounting firms to audit Panda bonds in September 2018.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter