The Ministry of Finance has set out priorities for the next phase of fiscal internal control following a recent committee meeting. Minister and Committee Director Lan Fo'an chaired the session on June 22, 2026.
The meeting reviewed internal control work since 2025 and reported on the review of audit-identified issues and the results of departmental internal control assessments. Three recognized units shared their experience.
Lan said that sound internal control is essential for advancing full and rigorous Party self-governance, balancing development and security, upholding a correct performance view, deepening scientific fiscal management, and strengthening financial and accounting oversight. He called for a deeper understanding of its significance in the new era and a stronger sense of responsibility.
The committee noted significant achievements since the start of the 14th Five-Year Plan period: the internal control philosophy has been refined, the institutional framework continually improved, working mechanisms streamlined, and risk defenses strengthened, playing a key role in preventing operational and integrity risks.
For the next stage, four directives were issued: first, firmly establish the internal control concept, with each unit focusing on “effective checks and balances” and promoting separation and mutual restraint among decision-making, execution, and oversight. Second, improve internal control systems by strengthening overall design in policy formulation, project approval, fund management, and financial supervision, minimizing discretionary power and strictly regulating authority. Third, rigorously enforce internal control by enhancing evaluation mechanisms, routine risk prevention, and information technology application. Fourth, advance internal control systematically by coordinating efforts across the ministry, integrating internal control with other oversight forms, and promoting local finance department internal control to raise overall management effectiveness.
Attendees included vice ministers who serve as deputy directors of the committee, committee members, the discipline inspection and supervision group, and heads of various departments, in-service units, and ministry-managed fund companies in the main venue; heads of local regulatory bureaus and off-site units joined via video link.