Reporters from the recently held the World Federation of exchanges developing markets Forum was informed that the Shanghai international advanced standard XBRL (Extensible Business reporting language, eXtensibleBusinessReportingLanguage), China Securities Regulatory Commission-led development of the corporate disclosure electronic code determine the framework and system, success will XBRL to listed company information disclosure, achieve regulatory and service innovation, improve the transparency of the listed company information.
It is understood that, from January 2004, the first on the card will XBRL to 50 public company summary annual report 2003. In 2004, on the card and the XBRL to 739 company's quarterly reports and 834 public company in 2004, the report summary. At present, the company has 820 by XBRL submissions 2004 annual report-text and summary. In May 2005, the official website on the certificate issued on Shanghai 180 index sample unit to XBRL report query function, full-text data in XBRL-based corporate disclosure on the basis of the application, the card is under the guidance of the China Securities Regulatory Commission, actively promoting XBRL in the application of the Fund information.
The card is already in April 2005 we became a member of the XBRL International Organization, this will effectively promote the application of XBRL in China. At the same time, on the positive reinforcement and a member of the XBRL International Organization, committed to provide as soon as possible to international investors and listed companies based on XBRL. This initiative will help investors comprehensive, accurate, in-depth understanding of Shanghai securities market, market transparency and depth, and expand the influence of the Chinese stock market.
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