General provisions on financial management of property management enterprises

Article 1 In order to standardize the financial behavior of property management enterprises, promote fair competition among enterprises, and strengthen financial management and economic accounting, these Provisions are formulated in combination with the characteristics and management requirements of property management enterprises.

Unless otherwise provided in these Provisions, property management enterprises shall implement the financial system of construction and real estate development enterprises.

Article 2 These Provisions shall apply to all kinds of property management enterprises in People's Republic of China (PRC) (hereinafter referred to as enterprises), including state-owned enterprises, collective enterprises, private enterprises, foreign-invested enterprises and other enterprises of various economic nature; Limited liability companies, joint stock limited companies and other organizations.

This provision also applies to property management enterprises with independent accounting in other industries.