The Accounting Department of the Ministry of Finance (MOF) and the Accounting Department of the China Securities Regulatory Commission (CSRC) have officially inked a Memorandum of Cooperation, aiming to foster a collaborative working mechanism that fortifies the filing oversight and regulatory synergy for accounting firms active in the securities service sector. This partnership will focus on facilitating system integration, enhancing data sharing, and joint rule-making efforts, thereby elevating the standards of practice and supporting the sustained, healthy growth of the capital market.