港股IPO（首次公开募股）中，审计师作为核心中介机构之一，主要负责对公司财务状况的真实性、准确性和完整性进行独立验 证，确保符合香港联交所（HKEX）及香港证券及期货事务监察委员会（SFC）的监管要求，并为投资者提供可靠的财务信息。 以下从服务职责和核心要点两方面展开说明： 一、港股IPO审计师的核心服务职责 审计师的服务贯穿IPO全流程，主要包括以下核心职责： 1. 财务报表审计（法定审计） 2. 内部控制鉴证（ICFR） 4. 协助信息披露与监管沟通 5. 其他专项服务（视需求） 二、港股IPO审计的核心要点 审计师需重点关注以下核心事项，以确保符合港股监管逻辑与市场预期： 历史财务数据审计：对公司提交招股书所需的"三年一期"（通常为上市前三个完整会计年度及最近一期）财务报表进行审 计，出具无保留意见审计报告（或其他适当意见）。 准则遵循：确保财务报表符合《香港财务报告准则》（HKFRS）、《国际财务报告准则》（IFRS）或《中国企业会计准 则》（CAS，若公司为内地企业且采用），并披露所有重要会计政策及估计。 关键科目核查：重点验证收入确认、成本归集、资产减值（如应收账款、存货、商誉）、金融工具计量、关 ...

当一家钢铁企业开展超低排放改造，当新能源车企对全球供应商发起碳足迹排查……这些"双碳"引领下的企业微观气候行动， 迎来统一的政策标尺。 12月25日，财政部会同生态环境部、外交部等9部门《企业可持续披露准则第1号——气候（试行）》（以下简称《气候准 则》）。《气候准则》是国家统一的可持续披露准则体系中的第一个具体准则，自今年4月底公开征求意见至今，终于"靴子落 地"。业内认为，这是我国向统一可持续披露准则体系迈进的一大步。 财政部会计司有关负责人答记者问时表示，现阶段将《气候准则》定位为试行文件，明确在实施范围和实施要求作出规定之 前，由企业自愿实施。 "综合考虑我国企业的发展阶段和披露能力，财政部将坚持准则制定和实施分开的原则，不采取'一刀切'的强制实施要求。后续 将采取区分重点、试点先行、循序渐进、分步推进的策略，从上市公司向非上市公司扩展，从大型企业向中小企业扩展，从定 性要求向定量要求扩展，从自愿披露向强制披露扩展。"该负责人表示。 （图源：财政部官网） 2030年我国将统一ESG披露体系 《气候准则》的发布标志着我国可持续披露准则建设从"总体框架"迈向"具体议题"的纵深推进。 国家统一的可持续披露准 ...

以下是关于香港联合交易所（港交所）IPO（首次公开募股）全流程的环节拆解及常见问题解答，覆盖从前期筹备到上市后维 护的核心问题，结合港交所《上市规则》、最新监管动态整理： 一、IPO前期筹备阶段 1. 企业为什么要选择港交所IPO？ 港交所的核心优势： 2. 港交所IPO的基本条件有哪些？ 需满足联交所《主板上市规则》第8章（普通公司）/第18A章（生物科技）/第18C章（特专科技）的核心要求，以普通公司（盈 利测试）为例： 指标 要求 盈利要求 最近3个会计年度净利润≥5000万港元（最近一年≥2000万，前两年累计≥3000万） 市值要求 ≥5亿港元（若用"市值/收入测试"则≥40亿港元+最近一年收入≥5亿港元） 公众持股量 ≥25%（若市值＞100亿港元，可降至15%-25%） 股东人数 ≥300名公众股东（其中持股≥0.01%的股东≥100名） 管理层稳定性 最近3年核心管理层基本不变 3. 生物科技公司（18A）的特殊条件？ 无需盈利，但需满足： 国际融资平台：连接全球资本（欧美、东南亚、中东资金活跃），适合中资企业"走出去"或外资企业进入亚洲； 灵活的上市制度：支持不同投票权架构（WVR）、生物科 ...

Core Viewpoint - The Securities Industry and Financial Markets Association (SIFMA) is urging the SEC to modernize its Communications Rules, which they deem burdensome and outdated, especially in light of evolving technology and communication methods [2][3]. Group 1: SEC's Current Approach - Under the previous chair, Gary Gensler, the SEC focused on eliminating off-channel communications and improper record storage, resulting in nearly 100 settlements totaling over $2.2 billion in penalties during the Biden administration [2]. - The current SEC is adopting a more business-friendly approach compared to the previous administration, which may lead to more leniency for advisors in client communications [4]. Group 2: SIFMA's Proposals - SIFMA argues that the broad interpretation of current rules has created excessive compliance burdens without enhancing investor protection [4]. - Proposed reforms include excluding trivial exchanges like emojis and non-sensitive messages from being penalized, standardizing a three-year retention period for all client communications, and omitting AI-generated meeting transcripts from the definition of true communications [5][6].

Core Points - The Shanghai Stock Exchange (SSE) aims to enhance sustainable information disclosure by listed companies [1] - SSE will continuously improve the guidelines for compiling sustainable development reports [1] - The exchange plans to strengthen regulatory norms for ESG (Environmental, Social, and Governance) disclosures [1] - SSE is advancing the implementation of industry standards for the electronic format of sustainable development reports [1]

Group 1 - The article discusses the second National College Financial Popularization Education Debate Competition, highlighting the importance of financial education in universities [2][4]. - The debate topics include sustainable development of financial culture in China, the role of young people in upgrading the silver industry, and the focus of inclusive finance on equal opportunities versus sustainability [6][7][9]. - The competition features various universities, showcasing their arguments on pressing financial issues, indicating a growing interest in financial literacy among students [5][8][10]. Group 2 - The article emphasizes the need for financial institutions to balance economic compensation and risk prevention in insurance [11]. - It also addresses the effectiveness of fiscal interest subsidies compared to market-based loan rates in solving rural financing difficulties [10]. - The future of health insurance in China is debated, focusing on whether it should prioritize inclusivity or innovation [13].

Group 1 - The establishment of the Secretary General Association aims to empower the secretary community and build a more comprehensive professional ecosystem for secretaries [4][6] - The event attracted over 150 listed companies' secretaries and industry elites to discuss hot topics such as capital compliance, cross-industry cooperation, and market value management [3][6] - The association will focus on three main directions: professional empowerment, resource connection, and organizational support, transitioning secretaries from operational roles to strategic roles [6][12] Group 2 - A roundtable forum discussed compliance and controversy issues related to information disclosure, emphasizing the importance of accuracy, timeliness, and completeness in disclosures [10][12] - Experts highlighted that high-quality development of listed companies relies on seven core elements, including strategy, industry foundation, and AI integration [7] - ESG disclosure has become a global requirement, with companies encouraged to view public welfare as a strategic asset rather than a cost [9]

Group 1 - The China Listed Companies Association (CLCA) held a mid-year work meeting focusing on enhancing corporate governance, optimizing information disclosure quality, and promoting the professional development of company secretaries [1] - The meeting was attended by over 5,400 participants, including company secretaries, financial officers, and securities representatives from more than 1,500 listed companies [1] - The CLCA emphasized the importance of compliance awareness and proactive information disclosure in areas such as dividend planning, ESG disclosure, and risk prevention [1] Group 2 - The meeting featured insights from officials of the China Securities Regulatory Commission (CSRC) regarding the latest regulatory policies and cases of corporate violations [2] - The CSRC highlighted the significance of dividends for investors and companies, urging listed companies to enhance sustainable information disclosure and avoid basic errors in information reporting [2] - The discussion included an overview of administrative penalties for information disclosure violations in 2024, revealing new trends and characteristics in enforcement work [2]

Core Insights - The event focused on the transformation of the role of company secretaries from traditional information disclosure to strategic resource integration, emphasizing cross-industry collaboration and corporate social responsibility as new pathways for companies to thrive [1][2][3] Group 1: Event Overview - The fifth "Economic Reference High Friends" private meeting and the establishment of the listed company club secretary branch took place in Shanghai, highlighting the importance of sustainable development and resource ecosystem construction [1][2] - The listed company club, founded in 2023, has gathered over 700 chairpersons and more than 8,000 senior executives, aiming to enhance collaboration among listed companies [2] Group 2: Strategic Focus - Participants emphasized the need for companies to build sustainable competitiveness through media collaboration, cross-industry resource integration, and ESG strategy upgrades during the economic transition [2][3] - The secretary branch aims to provide comprehensive support for company secretaries, including the development of a "White Paper on the Duties of Company Secretaries" and a "Career Development Map for Secretaries" [2] Group 3: Future Directions - The "Economic Reference High Friends" initiative will continue to expand its influence nationwide, gathering resources from government, enterprises, and academia to foster collaborative development [3][4] - The focus will be on three main areas: professional empowerment, resource connection, and organizational support, facilitating the transition of company secretaries to strategic roles [3]

Core Insights - The primary focus of the article is the resurgence of dollar Limited Partners (LPs) in the Chinese market, driven by policy incentives and technological innovations [1][4]. Group 1: Market Dynamics - Six local VC firms in China are launching new dollar fundraisings with a total target of at least $2 billion [1]. - There has been an increase in job postings for Investor Relations (IR) positions related to dollar funds, indicating a growing interest in fundraising in Southeast Asia and the Middle East [1]. - Dollar LPs, previously cautious due to geopolitical factors, are now showing increased interest in collaborating with domestic General Partners (GPs) to identify quality investment opportunities in China [1][3]. Group 2: Characteristics of New Dollar LPs - The current wave of dollar LPs differs from previous investors, primarily consisting of sovereign funds from the Middle East and Southeast Asia, as well as some family offices from Europe and the U.S. [2]. - Middle Eastern sovereign funds are projected to commit $21 billion to equity investments in China in 2024, a fourfold increase from 2022 [2]. - New dollar LPs are focusing on popular sectors in China, such as innovative pharmaceuticals, and are interested in establishing new companies in collaboration with local firms [2]. Group 3: Investment Trends and Sentiment - Despite geopolitical tensions and economic fluctuations, foreign LPs remain committed to the Chinese market, viewing it as a crucial part of their investment strategy [3]. - The perception of the Chinese economy is optimistic, with a consumer growth rate of 5% still seen as favorable due to the large population and expanding middle class [3]. - The transition period for dollar funds in China is marked by evolving strategies and expectations, with a focus on adapting to the new investment landscape [4].