Core Viewpoint - The article highlights the increasing trend of listed companies changing their auditing firms, particularly in light of the investigation into Zhongxing Cai Guanghua, which has led to significant client losses and raised concerns about audit quality in a highly regulated environment [1][3][4]. Group 1: Company Changes - On December 1-2, Zhuhai Zhongfu and ST Huayang announced changes in their auditing firms, terminating their contracts with Zhongxing Cai Guanghua and hiring Unitaizhenqing and Beijing Zhongming Guocheng respectively for the 2025 fiscal year [1]. - From November 29 to December 2, a total of four listed companies decided to part ways with Zhongxing Cai Guanghua, including Hanbang High-Tech and ST Huizhou, citing reasons such as the need for independence and objectivity in audit work [3]. Group 2: Client Losses - Prior to the investigation, over 30% of Zhongxing Cai Guanghua's listed company clients had already opted to change firms, with 27 companies indicating they would not renew their contracts, representing approximately 37% of the firm's audit service clients for 2024 [4][5]. - The firm provided audit services for 83 listed companies in 2024, with a total fee of 85.527 million yuan, ranking approximately 17th in the industry [4]. Group 3: Regulatory Environment - The regulatory environment has intensified, with the China Securities Regulatory Commission (CSRC) launching an investigation into Zhongxing Cai Guanghua due to allegations of false financial reporting by a client, leading to potential severe penalties for the firm [3][6]. - In 2024, six accounting firms have already faced qualification penalties, with business suspensions ranging from three to twelve months, reflecting the heightened scrutiny on audit quality and compliance [6]. Group 4: Market Dynamics - The market is witnessing a shift in how companies select auditing firms, with increasing demands for firms to have clean records free from significant financial misconduct or regulatory penalties [6]. - The loss of clients and the reduction in the number of registered accountants at Zhongxing Cai Guanghua, which decreased from 804 to 723, indicate a broader trend of declining trust and confidence in the firm [5][6].

Group 1 - The company held its 22nd meeting of the 9th Board of Directors on December 2, 2025, with all 9 directors present, and the meeting was conducted in accordance with legal and regulatory requirements [2] - The Board approved the proposal to appoint Tianzhi International Accounting Firm for the 2025 financial and internal control audits with unanimous consent [3] - The proposal to convene the 5th extraordinary general meeting of shareholders in 2025 was also approved unanimously [3] Group 2 - Tianzhi International Accounting Firm, established in December 1988, is a large comprehensive consulting firm based in Beijing, specializing in audit, capital market services, and management consulting [7] - For the year 2024, Tianzhi reported total audited revenue of 2.501 billion yuan, with audit service revenue of 1.938 billion yuan and securities service revenue of 912 million yuan [8] - The firm has a strong investor protection capability, having accumulated a professional risk fund and insurance coverage of no less than 200 million yuan [9] Group 3 - The proposed audit fees for 2025 are set at 1.8 million yuan for financial audits and 400,000 yuan for internal control audits, totaling 2.2 million yuan, unchanged from the previous year [14] - The audit committee reviewed Tianzhi's qualifications and recommended its reappointment, confirming the firm's capability to meet the company's audit requirements [15] - The reappointment of the accounting firm will be submitted for approval at the upcoming extraordinary general meeting of shareholders [16] Group 4 - The company announced that its controlling shareholder, Mingcheng Holdings Group, holds 39.81% of the company's shares, with 115,789,304 shares frozen and 119,798,179 shares marked by judicial authorities [19] - The total amount involved in the judicial actions is approximately 1.230 billion yuan [20] - The company assures that these legal issues will not adversely affect its operations or governance [20] Group 5 - The 5th extraordinary general meeting of shareholders is scheduled for December 22, 2025, with both on-site and online voting options available [23] - The meeting will be held at the Shanghai Millennium Seagull Hotel, and shareholders must register to attend [24] - Voting procedures and requirements for shareholders with multiple accounts are outlined to ensure proper representation [28]

Core Insights - The 10th Dahua Forum was successfully held in Zhangjiakou, focusing on macroeconomic trends, ESG sustainable development, and cross-border listings, providing insights for enterprises to seize opportunities and transform professional service institutions [1][4] Group 1: Dahua's Strategic Direction - Dahua aims to accelerate digital audit collaboration and enhance audit quality through technology, while optimizing internal management and quality control systems [1][3] - The firm plans to deepen the integration of industry and finance, innovate talent cultivation mechanisms, and actively fulfill corporate social responsibility through the Dahua Charity Fund [1][3] Group 2: Macroeconomic Outlook - Experts emphasized that achieving the "14th Five-Year Plan" goals relies on technological self-reliance and the construction of a modern industrial system, urging traditional enterprises to focus on optimization and innovation [1][2] - The forum highlighted the "temperature difference" phenomenon between micro-enterprise experiences and macro data, revealing a divergence where traditional industries face challenges while those in new productivity sectors show resilience [2] Group 3: ESG Developments - The latest progress on international sustainable standards was discussed, with nearly 40 jurisdictions adopting ISSB standards, indicating that sustainable information is becoming a "universal language" in international capital markets [2] - Experts recommended that companies proactively integrate ESG governance with financial reporting to enhance compliance and international competitiveness [2] Group 4: H-Share Listing Insights - The forum provided insights into Hong Kong's new opportunities as an international financial center, with the Hong Kong Stock Exchange introducing measures like the "Special Line for Sci-Tech Companies" to facilitate listings [2] - Key focus areas for listing reviews were identified as business authenticity, governance integrity, and financing rationality, with a recommendation for companies to engage professional teams early in the compliance process [2] Group 5: Evolution of Professional Services - Dahua's global CEO emphasized the need for professional service institutions to uphold "professional integrity" and adapt to profound changes in the accounting industry [3] - The firm aims to transition from being a traditional "economic police" to a "strategic partner" for enterprises, expanding its service offerings to cover the entire lifecycle of professional support [3]

据证监会官网，经查，2021—2023年，ST立方通过开展代理业务、融资性贸易、虚假贸易等方式，累计虚增收入6.38亿元、成本6.28亿元。其中，2021年收 入、成本分别虚增2.8亿元、2.77亿元，2022年收入、成本分别虚增3.12亿元、3.05亿元，2023年收入、成本分别虚增0.46亿元、0.45亿元。ST立方连续三年 虚增收入和成本，严重违反证券法律法规，安徽证监局拟对ST立方处以1000万元罚款，对汪逸等10名责任人合计罚款3000万元。ST立方涉嫌触及重大违法 强制退市情形，深交所将依法启动退市程序。 同日晚间，ST立方披露公告称，公司股票于12月1日起停牌，并于12月2日起复牌。自复牌之日起，公司股票被实施退市风险警示。公司股票简称由"ST立 方"变更为"*ST立方"。如根据正式的处罚决定书结论，公司触及重大违法强制退市情形，公司股票将被终止上市。 投融资专家许小恒对北京商报记者表示，中介机构是资本市场治理的重要力量，发挥着专业把关的积极作用，其执业质量直接关系市场健康运行。 | 序号 | | | | 南计单位 | | | --- | --- | --- | --- | --- | --- ...

经考虑审核委员会之建议，已议决委任容诚(香港)会计师事务所有限公司为公司新任核数师，自2025年 11月28日起生效，以填补大华马施云辞任后之临时空缺，任期直至公司下届股东周年大会结束为止。 麦迪卫康(02159)发布公告，由于董事会与大华马施云会计师事务所有限公司未能就集团截至2025年12 月31日止财政年度之建议审核费用达成一致，大华马施云提出辞任公司核数师，自2025年11月28日起生 效。 ...

11月26日，广东证监局公布对致同会计师事务所（以下简称"致同所"）的行政处罚决定。 经查，致同所存在包括篡改格力地产2019至2021年三个房地产存货项目审计底稿等违法行为。广东证监 局决定对致同所及4名责任人共处罚款100万元。 接受采访的律师对《中国经营报》记者表示，篡改审计底稿应付监管的行为，并非普通的审计程序瑕 疵，而是触及资本市场"诚信根基"与"监管底线"的恶性违规。 受访人士同时认为，篡改审计底稿是"主观故意"的违法行为，其危害具有"全局性、深层次、长期性"特 征，这也是监管部门对致同所及签字会计师给予"警告+高额罚款"的处罚，并将此类行为作为"零容 忍"打击重点的根本原因。 本次处罚也是致同所今年年内第三次遭到行政处罚。今年9月，因在红相股份、新智认知年报审计中未 勤勉尽责，出具的审计报告存在虚假记载，致同所及相关责任人分别被厦门证监局、广东证监局罚没 1014.47万元、1620万元。 篡改审计底稿应付监管 广东证监局11月26日披露的《行政处罚决定书》显示，经查明，致同所在开展格力地产2019年至2021年 年度财务报表审计项目中，对于"上海保联""上海太联""重庆两江"三个房地产存货项目 ...

中新社北京11月25日电 (记者王恩博)在ESG(环境、社会和公司治理)领域，中国企业正从"被动合规"走 向"主动布局"。德勤中国可持续发展与新兴技术鉴证业务主管合伙人胡建宇25日在北京举行的一场发布 会上表示，越来越多中国企业开始主动管理ESG，以应对"出海"过程中的挑战。 当天发布的《德勤中国2025财年社会影响力报告》显示，该财年，德勤跨越96个海外市场，助力2000多 家中资企业"出海"。 基于这些合作实践，胡建宇观察到，越来越多中国企业开始主动管理ESG，一方面响应国家"双碳"政策 和绿色转型号召，另一方面积极应对"出海"过程中的多方面挑战。他特别提到，许多企业已意识到，在 全球价值链中，上下游伙伴正以更严苛的标准审视其可持续发展表现。 胡建宇表示，这些政策不仅强调信息披露，更从合规角度出发，让企业科学准确地识别可持续发展过程 中的风险与机遇。(完) （文章来源：中国新闻网） 胡建宇强调，ESG已不再仅是企业合规的"底线要求"，更成为决定企业长期可持续运营、资本市场高效 稳健运作乃至整个价值链健康发展的关键因素。 尽管ESG评价体系在中国起步相对较晚，但发展迅速。胡建宇认为，中国在可持续发展方面，无 ...

Core Points - The Ministry of Finance and the China Securities Regulatory Commission (CSRC) have issued a notice to supplement the list of accounting firms qualified to conduct audits for H-share companies, adding two new firms to the existing ten [1][2] - This initiative aims to enhance the quality of audits for H-share companies and support the development of the accounting profession in both mainland China and Hong Kong, aligning with national economic goals [1][2] Summary by Sections Background and Significance - The update of the H-share audit firm list is a response to the evolving accounting industry in mainland China and Hong Kong, with the original list established in December 2010 [1] - Two firms from the original list have been disqualified due to mergers or administrative penalties, necessitating the update [1] Requirements for Inclusion - New firms must meet specific criteria, including completion of securities service business registration, certain revenue thresholds, and a sufficient number of registered accountants [2] - Additional factors for consideration include the firm's internal management quality, technological capabilities, and relevant audit experience in Hong Kong [2] Management and Oversight - A dedicated committee will be established to oversee the inclusion process, ensuring transparency and fairness [3] - The Ministry of Finance and CSRC will implement a dynamic management system for the list, conducting annual evaluations to ensure compliance with the established criteria [5] Ongoing Monitoring - The firms will not have a "lifetime" qualification; continuous assessment will be conducted to maintain high standards [5] - Regular quality checks will be integrated into the oversight process, with a focus on H-share audit projects [5] - Enhanced collaboration with Hong Kong regulators will facilitate information sharing regarding audit practices [5]

Core Viewpoint - The Ministry of Finance and the China Securities Regulatory Commission (CSRC) have announced the addition of two qualified accounting firms to the list of firms authorized to conduct audits for H-share companies, aiming to enhance cooperation between the accounting sectors of mainland China and Hong Kong, reduce listing costs for mainland enterprises, and promote connectivity between the two capital markets [1][6]. Group 1: Requirements for Inclusion - Accounting firms wishing to join the H-share audit list must meet several basic requirements, including completion of securities service business filing, specific revenue levels, and a sufficient number of registered accountants [2][3]. - The revenue and audit income will be based on the audited financial statements for the year 2024, and firms with overseas branches can consolidate their income from these branches [2][3]. Group 2: Evaluation Criteria - In addition to basic requirements, the Ministry of Finance and CSRC will prioritize firms with high levels of information technology in practice, strong risk management capabilities, and significant audit experience in Hong Kong [3][5]. - Firms must submit detailed partner/shareholder information and documentation regarding their Hong Kong branches as part of the application process [3][5]. Group 3: Management and Oversight - A dedicated committee will oversee the addition of firms to the H-share audit list, ensuring a transparent and fair process [4][5]. - The committee will consist of officials from the Ministry of Finance and CSRC, and will follow a structured process for reviewing applications, including public notice and on-site evaluations [4][5]. Group 4: Dynamic Management of the List - The inclusion on the list is not permanent; the Ministry of Finance and CSRC will conduct annual evaluations to ensure compliance with the requirements, and firms that no longer meet the criteria may be removed from the list [5][6]. - The auditing projects for H-share companies will be included in annual quality checks conducted by provincial finance departments [5][6]. Group 5: Historical Context and Significance - The mechanism for recommending accounting firms for H-share audits has been in place since December 2010, initially including 12 firms, which has effectively reduced costs for mainland companies seeking to list in Hong Kong [6][7]. - The update to the list is significant due to changes in the status of some original firms, ensuring that the list reflects current capabilities and compliance [6][7].

Core Insights - The 19th Shenzhen International Financial Expo, themed "New Heights of Industrial Finance, Empowering the Future with Science and Technology," has attracted 288 institutions from various countries and regions [1][3] - The Shenzhen Certified Public Accountants Association organized 15 renowned accounting firms to showcase their services in capital market support, ESG verification practices, and cross-border financial audit compliance [1][3] Group 1 - The expo features an innovative "1+3+N" model, hosting high-end forums such as the 2025 Shenzhen International Financial Conference and the Financial Technology Conference, along with nine themed exhibition areas [3] - The industry joint exhibition area led by the Shenzhen CPA Association focuses on "Professional Safeguarding Financial Innovation, Empowering Industrial Collaborative Development," showcasing the CPA industry's practical achievements in compliance, risk prevention, and digital transformation [3][6] - Participating accounting firms presented their full-chain service capabilities in specific fields, providing precise financial and tax consulting solutions to exhibitors and financial institutions [3][6] Group 2 - During the expo, accounting firms engaged in thematic speeches and specialized sharing sessions to deepen industry communication, discussing complex financial instrument valuation and the implementation of new standards [6] - The CPA industry aims to serve as a "professional guardian" of the financial system, facilitating efficient conversion of financial resources to the real economy [6][8] - The collaboration of the Shenzhen CPA Association and 15 accounting firms not only demonstrates the professional strength and collaborative advantages of the CPA industry but also injects professional momentum into the high-level circulation of "technology-industry-finance" [8]