Amid Auditing Scandals, China Promotes Finance Ministry Accounting Chief to Assistant Minister

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File photo: Shu Huihao

China has promoted the director of the Ministry of Finance’s Accounting Regulatory Department to assistant finance minister.

Shu Huihao, in his mid-50s, now oversees several departments, including the accounting department, the Department of Treaty and Law, and the Department of Social Security, the ministry’s website shows.

He also supervises several subordinate organizations, including the Chinese Institute of Certified Public Accountants (CICPA), which is responsible for the management and services of the certified public accountant (CPA) industry.

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Shu Huihao, promoted to assistant finance minister, oversees the accounting department, treaty, law, and social security.
He has decades of experience in accounting, including a four-year term at the CICPA, and has international expertise.
His appointment is seen as addressing concerns over financial fraud and promoting international accounting standards in China.

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