In September 2022, after full communication and coordination between Ministry of Finance and the Hong Kong Institute of Certified Public Accountants, Hong Kong recognized that the Accounting Standards for Businesses Enterprises.

China Securities Regulatory Commission, Ministry of Finance of the People’s Republic of China and Public Company Accounting Oversight Board of the U.S. signed an audit oversight cooperation agreement on August 26, 2022 and will advance this cooperation in the near future.

A newly released white paper on the global digital economy showed China's digital economy's added value reached $7.1 trillion in 2021, accounting for more than 18 percent of the amount of 47 major countries and ranking second after the United States.

The Chinese ministry said it will maintain a zero-tolerance attitude toward accounting fraud

China's installed capacity of renewable energy reached one billion kilowatts in 2021, accounting for 44.8 percent of the country's total installed power capacity

accounting for about 36% of the total number of banking financial institutions in China

Cloud infrastructure service expenditures in the Chinese mainland witnessed 21 percent year-on-year growth in the first quarter of this year, reaching $7.3 billion and accounting for 13 percent of global cloud infrastructure spend

China is willing to tackle the issue of inspection and investigation by US regulators on relevant accounting firms through regulatory cooperation, the country's top securities regulator said Mar.11.

Technology, media and telecommunications firms on the Chinese mainland remained active in the domestic capital market in the second half of last year, a report from global accounting firm PwC stated.