利好来了，财政部、证监会联合印发

Core Points - The Ministry of Finance and the China Securities Regulatory Commission (CSRC) have announced the expansion of the H-share auditing service list, adding two more accounting firms to the existing ten, with strict criteria for selection [1][2][4] - The expansion aims to enhance the quality of auditing services for mainland enterprises listed in Hong Kong and to deepen the interconnection between the two capital markets [2][8] Group 1: Quality Control and Selection Criteria - The core principle of the expansion is "quality first, selective recruitment," with stringent requirements for firms to qualify for H-share auditing [4][5] - Key requirements include: 1. The firm must have a member office in Hong Kong or be part of an international accounting network [5] 2. The firm must have a projected annual revenue of at least 1.5 billion yuan (approximately 15 billion) for 2024, with at least 1 billion yuan (approximately 10 billion) from auditing services and 250 million yuan (approximately 2.5 billion) from securities services or at least 100 listed company clients [5] 3. The firm must employ at least 800 certified public accountants [5] 4. The firm must have a sound governance structure and effective quality management systems [5] Group 2: Dynamic Management and Regulatory Framework - A dynamic exit mechanism has been established to remove firms that no longer meet the standards, ensuring ongoing quality control [2][10] - The auditing firms will undergo annual evaluations based on their performance and compliance with the established criteria, with the possibility of revocation of their status if they fail to meet the requirements [10][11] - The Ministry of Finance will conduct regular quality checks, incorporating H-share auditing projects into their annual review process to ensure compliance and quality [11][12] Group 3: Industry Impact and Market Connectivity - The addition of two firms is seen as a significant optimization of the H-share auditing mechanism, which has been in place since December 2010, aimed at reducing costs for mainland enterprises seeking to list in Hong Kong [6][7] - This initiative reflects the ongoing collaboration between mainland China and Hong Kong in accounting standards and regulatory practices, enhancing the overall quality and competitiveness of the auditing industry [8][9]