Laws of the People's Republic of China

Ministry of Finance

Circular of the Ministry of Finance of the People's Republic of China, on Annulling the Administration Licensing Fees of Foreign Accounting Firms in Implementing Interim Auditing Business in China

Cai Kuai [2006] No. 7

March 2, 2006

The Financial Offices (Bureaus) in all the provinces, autonomous regions, municipalities and Financial Bureaus of Shenzhen City:

In accordance with Law of the PRC on Certified Public Accountants, Foreign Accounting Firms' relevant business in China shall be approved by finance department of the People's Government of related provinces, autonomous regions, municipalities.

In accordance with Law of Administrative Licensing, the administration licensing fees of Foreign Accounting Firms in implementing interim auditing business in China shall be annulled as of the date of promulgation of this Circular.