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China State-Owned Assets Commission Strengthens Financial Audit Controls to Combat Accounting Fraud on May 25

GateNews

2026-05-26 03:01:57

According to the State Council State-owned Assets Supervision and Administration Commission (SASAC), on May 25, the commission's Party Committee held an expanded meeting emphasizing the need for state-owned enterprises to strengthen prevention and remediation of financial and accounting information falsification and combat financial fraud. The meeting highlighted the establishment of a comprehensive, multi-level, and full-process regulatory mechanism to ensure real-time monitoring and early warning of central enterprise data. SASAC also called for enhanced training of statistical personnel to foster proper governance practices and systematic prevention of accounting malpractice among state-owned entities.

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