Grant Thornton attends MoF symposium on the temporary provisions of hedge accounting treatment

On March 15, a symposium on the Temporary Provisionsof Commercial Futures Hedge Accounting Treatment (Discussion Paper) (‘theTemporary Provisions’ hereafter) hosted by the Ministry of Finance (MoF) washeld at Shanghai Futures Exchange, and the professional standard team of GrantThornton was invited to attend the symposium. Leaders from regulatory authoritiesincluding the MoF and China Securities Regulatory Commission (CSRC), as well asrepresentatives from some key leading enterprises were present at thesymposium. Besides Grant Thornton, the Big Four were also invited to the symposium.The Temporary Provisions, expected to be publicized soon to solicit publicopinions, were discussed in detail by all the present parties.