Accounting Standards for Financial Institutions (Accounting Subjects and Financial Statements for Securities Companies)

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Features: Ministry of Finance document No. 32,000-Fинансовый учет финансово-кредитных организаций, issued by the Ministry of Finance to print the "Accounting System for Financial Enterprises - Accounting Subjects and Financial Statements of Securities Companies" to the relevant ministries and commissions of the State Council, finance bureaus (departments) of provinces, autonomous regions, municipalities directly under the Central Government, and planned cities, Financial Bureau of the Xinjiang Production and Construction Corps, and relevant central enterprises: In order to regulate the accounting and financial reporting of securities companies and improve the quality of accounting information, in accordance with the "Accounting Law of the People's Republic of China," the "Regulations on Enterprises' Financial and Accounting Reports," the "Accounting System for Financial Enterprises," and other relevant laws and regulations of the State, the Ministry has formulated the "Accounting System for Financial Enterprises - Accounting Subjects and Financial Statements of Securities Companies" (hereinafter referred to as "this system"). It is now issued and shall take effect in securities companies from January 1, 2004. Securities companies that implement this system from January 1, 2004, shall handle the accounting policy changes caused by implementing this system in accordance with the provisions of the "Ministry of Finance Notice on Issuing" (No. 17,000-Fинансовый учет финансово-кредитных организаций) No. 17,000-Fинансовый учет финансово-кредитных организаций. Securities companies that have adjusted their accounts in accordance with document No. 17,000-Fинансовый учет финансово-кредитных организаций in 2003 should implement this system from January 1, 2004. After implementing this system, securities companies will no longer implement the "Accounting System for Securities Companies - Accounting Subjects and Financial Statements" (No. 45,000-Fинансовый учет финансово-кредитных организаций). If any problems arise during implementation, please provide feedback to the Ministry in a timely manner.
Attachment: Accounting System for Financial Enterprises - Accounting Subjects and Financial Statements of Securities Companies.