Introduction of Essential Comments for Deepening the Reform of Economic System in 2015

　　Comments are proposed to simplify administrative procedures, delegate powers to lower levels, deepen enterprise reform, implement the planning of fiscal and tax reform, promote financial reform and so on, specifically covering the areas related to the reform of investment and financing system, price reform, reform of state-owned enterprises, reform of electric power system, as well as the reform of stock issuance and registration system with 39 Articles.

　　The CICPA has released the 15th issue of 2014 Annual Audit Report

　　As of May 4, the financial statements of totally 2667 listed companies have been audited and reported by 40 accounting firms. Among them, 71 listed companies received modified unqualified reports, 18 received modified qualified reports, and 9 received the audit reports containing an disclaimer opinion.

　　The State Council suspends the clean-up of tax incentives

　　The "NOTICE" (National Issue [2015] No. 25) requires that, those preferential policies with prescribed period that have been introduced by localities and departments will be implemented in line with the prescribed time limit. For those without a prescribed period but in need of adjustment, local governments and relevant departments should establish a transitional period and continue the preferential policies during such period with controlling steps and sound principles.