China Enterprise Financial Management Association (hereinafter referred to as CEFMA) is a national-level association targeted on corporate financial management, which was established with the approval of the State Council and registered with the Ministry of Civil Affairs of China.
Missions of CEFMA are to forge a platform and a bridge for meeting the needs of the national economic development, corporate financial management, financial executives and professionals and the general public; to act as a think tank for the state and corporate financial management; to foster a community of shared developments and benefits through a full integration of various resources and to create an ecotype platform for interconnected strength, shared growth and regenerated wealth with other social institutions.
Vice Chairman, the 11th National Committee of the Chinese People’s Political Consultative Conference
President, Beijing Institute of Finance and Taxation
Member of the Standing Committee
Vice Chairman of the Financial and Economic Committee,
National People’s Congress
State Administration of Taxation
Ex-Vice President, People’s Bank of China,
金三角娱乐Ex-Vice Chairman, China Bank Regulatory Commission
China Bank Regulatory Commission
Ex-Director, the National Human Resource Evaluation Office,
Ministry of Human Resources and Social Security
As a state designated pilot institution to formulate institutional standards for finance and management, CEFMA set up the National Financial Management Standardization Committee to develop financial management standards for different sectors and financial management indices of various levels. Entrusted by the State-Owned Assets Supervision and Administration Commission of the State Council, the National Financial Management Standardization Committee is also committed to the development of financial management innovative cases on state owned enterprises (SOE) and formulating financial management standards applicable to SOEs. CEFMA cooperates with many other organizations in the formulation of financial management standards and the development of financial management indices.
金三角娱乐Vice Chairman, the 11th National Committee of the Chinese People’s Political Consultative Conference,
Honorary President, China Enterprise Financial Management Association.
President, China Enterprise Financial Management Association
Vice Chairman, China Enterprise Financial Management Association
Ex-General Accountant, China Petrochemical Corporation (Sinopec)
Chief Expert, China Enterprise Financial Management Association
金三角娱乐Doctoral Tutor, Chinese Academy of Fiscal Sciences, Ministry of Finance
Enterprise Financial Management Talents Evaluation Committee of China
金三角娱乐 The Enterprise Financial Management Talents Evaluation Committee is a major function of CEFMA to carry out evaluations on financial management talents and responsible for managing China Enterprise Financial Management Talent Pool, which is jointly developed by CEFMA and the National Human Resources Flow Center of the Ministry of Human Resources and Social Security. The Procedures for the Evaluation of Enterprise Financial Management Talents(For Trial Implementation) and the Implementation Rules on Procedures for the Evaluation of Enterprise Financial Management Talents, having adopted the capability-based approach in evaluations, were issued jointly by CEFMA and National Human Resources Flow Center of the Ministry of Human Resources and Social Security in February, 2016, and were amended in February, 2017. CEFMA is now carrying out studies on performance-based financial management talents evaluation in areas of financial management, shared finance, smart audit and smart tax service etc..
Vice Chairman, the 11th National Committee of the Chinese People’s Political Consultative Conference
金三角娱乐Honorary President, China Enterprise Financial Management Association
金三角娱乐President,China Enterprise Financial Management Association
金三角娱乐Member of the Standing Committee
金三角娱乐Vice Chairman of the Financial and Economic Committee, National People’s Congress
金三角娱乐Consultant of the State Council
The Expert Committee is the think tank of CEFMA and composed of experts with high academic competence and practical excellence. Many of the members are also national leading talents on corporate financial management. The Chief Expert, Mr. Liu Yuting, is a national leading talent on financial management and a Doctoral Tutor from Chinese Academy of Fiscal Sciences, Ministry of Finance.
金三角娱乐Ex-President, Shanxi University of Finance and Economics, Professor and Doctoral Tutor
Consultant of Guangdong Provincial Government, Doctor and Professor
Assistant to the President of Capital University of Economics and Business, Professor and Doctoral Tutor
金三角娱乐Deputy Secretary-General, China Enterprise Financial Management Association, Professor
Professor of Accounting, Cardiff Business School, Cardiff University Director, Center for China Business Research
金三角娱乐Professor of Accounting, College of Business, University of Hawaii
China Finance and Management Business School, as a business academy run by CEFMA, adheres to the value of vision, innovation and action and is dedicated to cultivating application-oriented senior financial management talents for large and medium-sized enterprises and listed companies.
Vice President, China Enterprise Financial Management Association National Leading Talent in Financial Management
金三角娱乐Ex-General Accountant, China Petrochemical Corporation (Sinopec)
金三角娱乐Honorary Vice President, China Enterprise Financial Management Association
金三角娱乐Former Vice President, Doctor, Professor and Doctoral Tutor, Nanjing University of Finance & Economics
Executive Deputy Secretary-General, China Enterprise Financial Management Association
金三角娱乐The project for boosting economic development in the new era is an initiative launched CEFMA to help state enterprises in counties (cities) to improve their financial management capabilities from the financial management perspectives. The project endeavors to meet two objectives, namely improving enterprise financial management capabilities and boosting the development of big data.
Secretary-General, China Enterprise Financial Management Association
Article 1金三角娱乐 The name of the association is called the Enterprise Financial Management Association of China (hereinafter referred to as the Association).
Article 2 The Association is a national-level specialized non-profit public institution formed by enterprises and non-profit institutions engaged in enterprise financial management. It is a social legal entity.
Article 3 Objectives of the Association are: to provide specialized services to all members of the Association and the public in compliance with the state policies and the orientation of socialist market economy, serve to the development of a disciplined market mechanism and modern corporate system, promote innovations in enterprise financial management system, work on modern enterprise financial management standards, regulate enterprise financial management activities, comprehensively improve the overall quality of enterprise financial management personnel, and bring the role of financial management in corporate operations into a full play. The Association complies with the Constitutions, state laws, regulations and state policies, and uphold ethics and social morality.
Article 4 The Association is subject to professional instructions and supervision by the Ministry of Civil Affairs which is its registration authority and regulatory body.
Article 5 The location of the Association is Beijing.
Article 6 金三角娱乐The Association’s businesses include:
Article 7 The membership of the Association includes two types: institutional membership and individual membership.
Article 8 The following conditions shall be met for those to become members of the Association:
Article 9 The admission procedures include:
Article 10 Members shall have the following rights:
Article 11 Members have the following obligations:
Article 12 Members withdrawing from the Association shall inform the Association of their withdrawal requests in written forms and return their membership certificates to the Association. Members having not fulfilled their obligations for a year are deemed automatic withdrawal.
Article 13 Members in severe violation of the Articles shall be deprived of their membership by a vote of the Governing Board or Standing Board.
Article 14 金三角娱乐The supreme authority of the Association is the General Assembly which exercises the following powers:
Article 15 The General Assembly shall only be convened with an attendance of more than two-thirds of the members and resolutions thereof shall only be effective on a favorable vote by more than half of the attending members.
Article 16 One term of the General Assembly is five years. Termination in advance or extension of terms, as the case may exceptionally require, shall be voted by the Governing Board, filed to the regulatory authority for review and approved by the registration department. The extension of a term shall not exceed one year.
Article 17 金三角娱乐The Association shall set up the Governing Board. The Governing Board is the executive body of the General Assembly, which presides over the routine work during the recess of the Assembly and is accountable to the Assembly. Candidates for the first term of the Governing Board shall be nominated by the Preparatory Committee of the Association. On change of terms, candidates for the next term shall be nominated by the Governing Board of the previous term.
Article 18 The Governing Board shall exercise the following powers:
Article 19 金三角娱乐The Governing Board meetings shall only be convened with an attendance of more than two-thirds of the board members and resolutions thereof shall only be effective on a favorable vote by more than half of the attending members.
Article 20 The Governing Board meeting shall be convened at least once a year and in exceptional cases meetings can be conducted through telecommunications.
Article 21 金三角娱乐The Association shall set up the Standing Governing Board, members of which are elected by members of the Governing Board and shall not exceed one-third of the number of the Governing Board members. During the recess of the Governing Board, the Standing Board shall exercise the powers specified in items 1, 3, 5, 6, 7, 8, 9 of Article 18 and is accountable to the Governing Board.
Article 22 金三角娱乐The Standing Board meetings shall only be convened with an attendance of more than two-thirds of the board members and resolutions thereof shall only be effective on a favorable vote by more than half of the attending members.
Article 23 The Standing Board meeting shall be convened at least once in six months and in exceptional cases meetings can be conducted through telecommunications.
Article 24 Candidates for the President, Vice Presidents and the Secretary General shall meet the following conditions:
Article 25 If the ages of candidates for the President, Vice Presidents or the Secretary General exceed the prescribed year limit for office, it shall be voted by the Governing Board, filed to the regulatory authority for review and approved by the registration department before the candidates assume offices.
Article 26 金三角娱乐The President, Vice Presidents and the Secretary General shall have one term of five years and each can only serve two consecutive terms at the most. Extension of terms, as the case may exceptionally require, shall be supported by favorable votes of two-thirds of the General Assembly representatives, filed to the regulatory authority for review and approved by the registration department.
Article 27 The President is the legal representative of the Association. In exceptional circumstances, the Secretary General, entrusted by the President and endorsed by the Governing Board, can act as the legal representative
after a review by the regulatory authority and the approval by the registration department.
The legal representative shall sign important documents on behalf of the Association.
金三角娱乐The legal representative of the Association shall not concurrently take other posts as a legal representative of other social entities.
Article 28 The President of the Association shall exercise the following powers:
Article 29 金三角娱乐The Secretary General of the Association shall exercise the following powers:
Article 30 Sources of funding for the Association include:
Article 31The Association shall impose membership fees according to related state regulations.
Article 32 The operation funds of the Association shall be used for businesses defined by the Articles of Association and for the development of the Association, but not for distribution among members.
Article 33 The Association shall establish a rigorous financial management system to ensure that accounting information is compliant, truthful, accurate and complete.
Article 34 The Association has in place specialized accountants with professional credentials. A person on accounting post shall not concurrently hold the post of cashier. Accounting personnel shall do accounting work and perform a supervisory role through accounts. When accounting personnel are on job transfers or leaving their posts, handover procedures shall be followed and completed.
Article 35 Asset management of the Association shall follow the financial management rules and practices specified by the government and be subject to supervision by the General Assembly and finance departments. Funds from state allocations, public donations or aides shall be subject to audit by audit institutions and the results shall be publicized in a appropriate manner.
Article 36 Before a new governing board is in office or the legal representative is replaced, the accounts of the Association shall be audited by the audit institution accepted by its registration department.
Article 37 The assets of the Association shall not be encroached on, embezzled or misappropriated by any institutions or individuals.
Article 38 金三角娱乐Salaries, insurance and other benefits for full-time staff of the Association shall be regulated in light of the standards applicable to non-profit institutions of the state.
Article 39 Revisions of the Article shall be deliberated on in the General Assembly after a vote of the Governing Board.
Article 40 金三角娱乐The revised Article shall be submitted to the registration department for approval within 15 days after the approval by the General Assembly and go into effect thereafter.
Article 41 A termination motion may be raised by the Governing Board if the Association has come to dissolution on accomplishment of its missions or requires deregistration in the case of merging or demerging.
Article 42 A termination motion shall be voted by the General Assembly and filed to the regulatory authority for review and approval.
Article 43 金三角娱乐Before termination, a liquidation group shall be set up under the instructions of relevant authorities to clear all unsettled claims and liabilities and deal with other matters arising from the termination. During the liquidation period, no activities other than liquidation shall be carried out.
Article 44 The Association shall come to its termination after deregistration procedures are completed with the registration department.
Article 45 金三角娱乐Residual assets after the termination of the Association shall be used in businesses related to the missions of the Association in accordance with relevant state regulations and under the supervision of the registration department.
Article 46 The Article is passed by a vote of the first plenary session of the General Assembly on December 2, 2014.
Article 47 The right to interpretation of the Article rests with the Association.
Article 48 金三角娱乐The Article comes into effect on the date of approval by the registration department.