Ministry of Finance, Issue of the «Consolidated Accounting Statements (Insurance Enterprises) for the Year 2000» Circular

Issued: September 21 2000
Applicability: The Circular applies to wholly State-owned or State controlled insurance companies or security companies, as well as Sino-foreign equity joint insurance companies and wholly foreign-owned insurance companies (Item One).

Main contents: The Circular states that the consolidated accounting statement of an insurance conglomerate should be prepared in line with the type of statement prepared by the parent company (Item Four). Data of overseas subsidiaries or branches should be consolidated in the statement of the parent company (Item Five).