China's accounting sector recorded an estimated annual revenue of 100 billion yuan (about 14.8 billion U.S. dollars) in 2018, according to the Ministry of Finance (MOF).

The reading marked a steady industry expansion with accounting firms raking in around 90 billion yuan and 80 billion yuan in 2017 and 2016, respectively.

The total number of accounting firms reached 7,862, and there were 109,352 certified public accountants in China, MOF data showed.

They provided services to over 4 million enterprises and institutions, including more than 3,000 listed companies.