Implications of setting up China GAAP in Secondary Ledger and IFRS GAAP in Primary Ledger

Hi

Can anyone tell me about the implications of setting up China GAAP in Secondary Ledger and IFRS GAAP in Primary Ledger? Is there any Legal, Audit or Tax compliance requirement that mandates that CNY GAAP has to be set up in Primary Ledger?

Also, has anyone faced any challenges in using IFRS (Primary Ledger) and CHINA GAAP (Secondary Ledger)? If yes, can you please provide the details of the challenges?

Thanks & Regards

Dipankar