According to the website of the Ministry of Education, the General Office of the Ministry of Education, the General Office of the Ministry of Finance, the General Office of the Ministry of Science and Technology, the General Office of the Ministry of Culture and Tourism, and the General Office of the General Administration of Sports recently jointly issued the "Interim Measures for the Financial Management of Off-campus Training Institutions" (hereinafter referred to as the "Management Measures").

The "Administrative Measures" implements the spirit of the "Opinions of the General Office of the CPC Central Committee and the General Office of the State Council on Further Reducing the Burden of Homework and Off-campus Training for Students in the Stage of Compulsory Education", summarizes the practical exploration of off-campus training governance in the previous stage in accordance with relevant national financial and economic laws and regulations, and mainly stipulates the financial management system, fund raising, capital operation, asset and liability management, income distribution, financial liquidation, financial supervision, etc., aiming to comprehensively standardize the financial management activities of off-campus training institutions. Effectively prevent and control risks in economic activities, improve industry governance capabilities and governance levels, and protect the legitimate rights and interests of students, parents, practitioners and other stakeholders.

The Administrative Measures clarify the financial management system of off-campus training institutions. Emphasize the need to establish and improve the management system for the Party organization of off-campus training institutions to participate in major financial decision-making and supervision, and its legal representative is responsible for the authenticity and completeness of the institution's financial work and financial information; It is necessary to carry out accounting in accordance with the unified accounting system of the state, and clarify the requirements for the establishment of accounting institutions and the allocation of accounting personnel.

The Administrative Measures put forward comprehensive and standardized requirements for the financial activities of off-campus training institutions. First, in terms of fund raising, it clarifies the organizer's obligation to contribute capital and the requirement that it must not withdraw capital contribution, and at the same time prohibits listed companies and foreign investment in discipline-based training institutions in the compulsory education stage, and prohibits primary and secondary schools from organizing or participating in the establishment of training institutions. Second, in terms of capital operation, provisions are made on the income centralization, pre-fee supervision, contract signing and refund of off-campus training institutions, emphasizing that their financing and training service fee income should be mainly used for training business, and a decision-making system for the payment of large funds should be established, and the procedures, methods and rules for the expenditure of large funds should be clarified. Third, in terms of asset and liability management, it emphasizes the need to maintain asset safety and integrity, prohibits non-profit training institutions from providing external guarantees, clarifies the direction of use of training institutions to apply for loans, and establishes a debt risk early warning mechanism. Fourth, in terms of income distribution, it clarifies the use and distribution method of the net assets (profits) of training institutions, and emphasizes that non-profit training institution organizers shall not pay dividends or obtain other investment income. Fifth, in terms of financial liquidation, it stipulates the liquidation situation, liquidation subject, and order and control of residual property of training institutions, and requires that the training fees of students who should be refunded be refunded first.

The Administrative Measures emphasize that off-campus training institutions should prepare financial accounting reports in accordance with regulations, properly keep accounting files, establish internal audit and audit publicity systems, improve internal control systems, emphasize the implementation of information disclosure for related party transactions, and clarify the corresponding supervision and inspection responsibilities of local departments of education, finance, sports, culture and tourism, science and technology, civil affairs, market supervision and tax administration.

In the next step, the Ministry of Education, the Ministry of Finance, the Ministry of Science and Technology, the Ministry of Culture and Tourism, and the General Administration of Sports will work with relevant departments to guide all localities to do a good job in implementation, comprehensively standardize the training behavior of off-campus training institutions, ensure the healthy operation of the industry, and effectively safeguard the interests of the people.