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Hong Kong S.a.r. And Macau S.a.r. Accounting Professional Rules Of Shenzhen Special Economic Zone On The Coopers (For Trial Implementation)

Original Language Title: 香港特别行政区和澳门特别行政区会计专业人士担任深圳经济特区会计师事务所合伙人办法(试行)

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Article 1 provides for the implementation of the Agreement with Hong Kong CEPA on the liberalization of services in the broader east of Hong Kong and Hong Kong, the Agreement with Macao CEPA on the liberalization of services in the north-west and Macao, which regulates accounting professionals in the Hong Kong Special Administrative Region and the Macao Special Administrative Region as partners in the Zhenmon Economies, in accordance with the provisions of the relevant legal regulations, and develops this approach in practice.

Article 2

Article 3. Hong Kong or Macao financiers referred to in this scheme are co-located and co-hosted by Hong Kong or Macao financiers of the Zhenhentic Economic Zone, in accordance with the relevant legal regulations and the provisions of this approach, with eligible resident residents (hereinafter referred to as “residents”) to apply for the establishment of a certificate of operation for a new partnership accounter in the Shenzhen Economic Zone and to serve as a partner.

Article IV Hong Kong or Macao financiers, when they apply for the establishment of a new accountant in the Shenzhen Economic Zone, shall apply to the financial sector of the city (hereinafter referred to as the city's financial sector) and accept the legal regulation of the city's financial sector and other relevant regulatory sectors; Hong Kong or Macao financial professionals have joined in the establishment of a partnership accounter in the Shenzhen Economic Zone, which should be backed by the accountant.

In accordance with the People's Republic of China Act on Registration of Accounts, the Regulations on Registration of Accountants in the Shenzhen Economic Zone, the provisional method for the approval and supervision of the accountants' services (Minister of Finance Order No. 24) and the present approach, the above-mentioned approval and documentation matters are pending.

Article 5 shall, in addition to the conditions established by the Registry of Accounts of the People's Republic of China and the Registration of Accounts in the Sanghen economic Zone, be in compliance with the following conditions:

(i) The number of partners held by the local population shall not be less than 51 per cent of the total number of partners;

(ii) The Chief Partnership or other persons performing the highest management responsibilities shall be a partner in the implementation of the partnership and be held by the resident in the interior;

(iii) In the partnership agreement, the decision-making matters for the major operation of the accountants shall be set forth and agreed, regardless of the manner in which the partner of the accountants takes over decisions on major business management, and the right to vote by the resident in the interior shall not be less than 51 per cent;

(iv) Hong Kong or Macao financial professionals live on an annual basis and operate for more than 180 days in the service of the accountants.

Article 6. In addition to the terms of partnership established by the People's Republic of China's Registration of Accounts Act and the Zhentz Economic Zone Registration of Accounts, the Hong Kong or Macao Investigators of the partnership shall also be insured for occupational responsibility insurance in China and the minimum cumulative liability limit is not less than 1 million yen dollars per year for each partner.

Article 7. Hong Kong or Macao financial professionals apply for the appointment of a treasurer, whose audit experience has been obtained in Hong Kong or Macao as the same time as in-house audit experience. The applicant shall provide one of the following evidence:

(i) The audit experience of the Hong Kong Chamber of Accounts or the Macao Nuclear and Commercial Company Registration Commission;

(ii) A copy of the contract or labour contract entered into by the applicant with the Hong Kong or Macau (Ministry of Nuclear Clerical Affairs), the Hong Kong or Macao Operators (Ministry of Nuclear Clerical Affairs) of which he or she is a member of the operation in Hong Kong or Macao.

The municipal finance sector may require the applicant to provide other supporting documentation of his or her audit experience in Hong Kong or Macao.

Article 8

(i) A letter of commitment to live on the ground, including on an annual basis, and for more than 180 days in the performance of the accountants;

(ii) A letter of commitment to oversee the management of the city's financial sector and other relevant regulatory departments, which are received by themselves.

In the 60 days of the date of the award of the executive branch, the treasury shall be given to the municipal financial sector for the payment of occupational responsibility insurance and, at the time of the annual information release, for the year's job liability insurance.

Article 9 Hong Kong or Macao financial professionals have joined the partnership accountants established in the Shenzhen Economic Zone and should be in line with the relevant provisions of this approach. The company's services should be made available to the municipal financial sector in accordance with the requirements for the registration and modification of the request for approval by the Zhennzhencan and to submit the relevant material under articles 7 and 8 of this approach.

Article 10 is implemented since the date of publication. The Hong Kong Special Administrative Region Accounting Professionals apply for the temporary solution of the company's accountants of the Modern Services Cooperation Zone (No. 247 of the Order of the People's Government of the City).