China has over 100,000 practicing CPAs as of end of 14th Five-Year Plan

The scale here matters less than the architecture: a state-verified audit profession serving millions of entities, backed by a separate layer of bookkeeping agencies handling small and micro businesses. That two-tier structure is what gives Chinese corporate data its depth — and its opacity, since the lower tier sits largely outside formal audit oversight. For anyone tracking RWA tokenization or cross-border capital flows, the practical question is whether this audit capacity translates into disclosure quality foreign counterparties can rely on. Whether the bookkeeping-agency layer gets pulled toward comparable standards is the open question.