Cai Kuai [2006] No.3 February 15, 2006
Chapter I General Provisions
Article 1 In order to regulate the recognition and measurement of long-term equity investments, and disclosure of relevant information, these Standards are formulated in the light of the Accounting Standards for Enterprises Basic Standards.
Article 2 Other relevant accounting standards shall apply to such items as follows:
(1) The Accounting Standards for Enterprises No. 19 - Foreign Currency Translation shall apply to the translation of long term equity investments in foreign currencies; and
(2)The Accounting Standards for Enterprises No. 22 - Recognition and measurement of Financial Instruments shall apply to the long term investments which haven't been dealt with by the present standards..
