People's Bank of China outlines 2025 accounting and finance priorities including audit rectification and tighter oversight of affiliated entities

The People's Bank of China convened its 2025 Accounting and Finance Work Conference, reviewing 2024 results and setting the next stage of priorities for the central bank’s accounting and finance function. The 2025 work plan focuses on continuing rectification actions arising from central inspection and audit findings, strengthening compliant and efficient management of financial resources, and deepening strict management and supervision. The agenda also includes improving management systems for affiliated entities with an emphasis on major matter controls and internal governance, advancing the clean-up and standardisation of subordinate institutions, and improving the allocation and utilisation of real estate assets. Deputy Governor Tao Ling attended the meeting, alongside participants from relevant departments of the People’s Bank of China and the State Administration of Foreign Exchange, branches and affiliated units, the on-site discipline inspection and supervision body, and representatives from the National Audit Office’s financial audit function.