XBRL Application in Listing Company Reporting In China Shanghai Stock Exchange Huang Hongbin 2005.11.8.

Slides:



Advertisements
Similar presentations
XBRL International Supporting the COREP Project Ignacio Hernandez-Ros Technology Development, XBRL International Inc.
Advertisements

Yi Wang CTO, Data Services Ivy Li Director, Equity Data Collection
Click to go to the Next Slide Instant XBRL made Simple Instant XBRL InstantXBRL is a Software designed to enable you, file your Financial.
Steps for Filing Your First 10Q/10K Michael Ohata Director Reporting Standards - Microsoft Walter Hamscher President & CEO - Standard Advantage.
Taxmann’s XBRL Tool Purpose of XBRL Reporting  XBRL is a language for the electronic communication of business and financial data that has revolutionized.
Public and private limited companies: A contrastive view.
Business Registries, Capital Markets & Banking Use of XBRL in Financial Markets Supervision in Spain José M. Alonso - COMISION NACIONAL DEL MERCADO DE.
1 Role and Responsibilities of CSD in China's Investor Protection Scheme SHEN Bing Panel Discussion at 16 th Annual Meeting of ACG Bali, September 20,
XBRL Jurisdiction in Spain XBRL regulatory reporting to the Securities Commission of Spain (CNMV) José-Manuel Alonso-Revilla Comisión Nacional.
HET XBRL SOFTWARE HET XBRL is a Software designed to enable you, file your Financial Statements in XBRL as per MCA mandate. Key Features: -- Includes XBRL.
Efficiency of Corporate Actions Where are we now and where are we headed? Adam Wilson Director, Securities Markets, Asia Pacific.
Annual Results Announcement “ Stronger performance and producing value for shareholders” 26 February 2004.
XBRL: Harness the Digital Power XBRL: Decision Making in a Digital Economy How XBRL Will Make a Difference.
Reducing the Reporting Burden in the Regulatory Environment XBRL Reports from SME’s to the Mercantile Registers Iñaki Vázquez June 25th 2009.
Improving Business Performance by using XBRL Mr. Christian Barrios Marchant Member of the Executive Board of SOFTWARE AG Responsible for Region South West.
Head Office: SINEWAVE COMPUTER SERVICES PVT. LTD. T-22, 3rd Floor Super Mall, Salunke Vihar Road, Wanowrie, Pune TaxbaseXBRL.
McGraw-Hill/Irwin © 2013 The McGraw-Hill Companies, Inc., All Rights Reserved. Chapter 9 XBRL.
XBRL regulatory reporting to the Securities Commission of Spain José M. Alonso Comisión Nacional del Mercado de Valores (CNMV)
Providing Assurance on XBRL Instance Documents of Financial Information October 24, 2003 Paul Penler, Ernst & Young Global XBRL Leader AICPA XBRL Implementation.
Accounting Information Systems (ACCT 312) XBRL: eXtensible Business Reporting Language PowerPoint Presentations.
: four years of XBRL in the Italian Business Register Luogo, data Paola Fumiani Bucharest 14 June 2013.
19 th XBRL International Conference “Reducing regulatory burden with XBRL: a catalyst for better reporting” June 22-25, 2009 Paris, France Reducing the.
JFSA XBRL Project Dec 3, 2007 Hirofumi Gomi. 2 2 The role of JFSA Planning and policymaking in relation to the financial system Inspection and supervision.
1 TOKYO STOCK EXCHANGE’s XBRL project AOSEF Market Data & Technology Collaboration Workshop 2007 Nov. Ver.1.0.
Ancient China And Innovative XBRL Qinye Zhou Deputy President Shanghai Stock Exchange.
XBRL Business Language. What is XBRL?  XBRL, or eXtensible Business Reporting Language  An extension of XML, or eXtensible Markup Language  The goal.
XBRL Canada Fourth Annual Conference October 7, :30 a.m. – 4:30 p.m. University of Waterloo Efrim Boritz Iowa State University Won Gyun No.
PROBLEMS OF TRADING STOCKS IN CHINA A concise introduction of violations in an emerging stock market.
Copyright © 2014 McGraw-Hill Education. All rights reserved
Taiwan Stock Exchange’s XBRL Project Li-Ning Chen Taiwan Stock Exchange 2009/06/24.
1 Atsuko Sakuta Vice Chair Financial Services Working Group XBRL Japan Cases of Real Use in Japan.
From Issuer to End Investor The Need for Standardisation John Falk AMEDA Beirut, 29 th April 2010.
SEC Financial Reporting Issues NARUC Subcommittee on Accounting and Finance Jackson Hole, Wyoming October 8, 2007.
1 Japan FSA's XBRL Project - Launch of New Public Disclosure System with Mandatory XBRL - May 2008 Toshinori Kobayashi Financial Services Agency, The Japanese.
Changing the World of Financial Analysis Mark Schnitzer XBRL Analyst Supply Chain Chair.
1 Rapid Development of securities market brought by XBRL Taizo Nishimuro Chairman of the board TOKYO STOCK EXCHANGE, INC. 12th XBRL INTERNATIONAL CONFERENCE.
2 DGI taxonomy A general purpose taxonomy to report business data 2.
XBRL Tools Roadmap - Interstage XWand - Toshimitsu SUZUKI FUJITSU LIMITED.
11. Regulatory Reporting and Disclosure from Management's Perspective Pertemuan Matakuliah: Manajemen Kinerja Sistem Komputer Tahun: Feb
Pros and Cons Comparison By Justin Bost Olivia Bischoff.
Using XBRL: Initiatives of Japanese Financial Institutions Makoto Shibata Vice-Chair, Financial Committee XBRL JAPAN Seattle - Nov 5, 2003.
Taylor Hawes Controller – Global Platforms & Operations Microsoft Corporation SEC Voluntary Filing Program.
1 © 2012 John Wiley & Sons, Ltd, Accounting for Managers, 4th edition, Chapter 2 Accounting and its Relationship to Shareholder Value and.
Developments concerning the Community Plant Variety Office of the European Union (CPVO) online application system Meeting on the development of a prototype.
Portfolio Game Each student in the class will enroll and participate in a portfolio simulation game. The rules and requirements for this exercise are listed.
3rd Latin American Corporate Governance Roundtable Maria Helena Santana São Paulo Stock Exchange - Bovespa Disclosure and Transparency - A Market Requirement.
ECRF2006 XBRL: a new standard for financial reporting XBRL a new standard for financial reporting by Paola Fumiani (InfoCamere Italy)
XBRL Application in China: Listed Companies Information Disclosure Using XBRL MA Donghao Assistant Chief Executive Officer Shenzhen Stock Exchange.
BRAG Climate Discloser Standards Board The views expressed in this presentation are those of the presenter Climate Change Reporting Taxonomy XBRL Europe.
Corporate governance and its practices in Shanghai Stock Exchange
ENHANCING IFRS EXTERNAL REPORTING USING XBRL
European Commerce Registers’ Forum XBRL for Business Registers xEBR Working Group th June 2015 Iñaki Vázquez XBRL Spain.
The information supply chain FDIC XBRL International Conference Mr. Inscoe.
Chapter 6 Current State of XBRL Discoverable Taxonomy Set Extension Taxonomies Validation of XBRL vs xml IFRS Taxonomy iXBRL Corporate Actions Audit Data.
Laws behind company filings: The Securities Act of 1933 – Covers information released mainly for primary market transactions The Securities Exchange Act.
1 XBRL Pilot Project at BOJ May 2004 Yoshiaki Wada Bank Examination and Surveillance Department Bank of Japan © 2004 Bank of Japan.
COMISION NACIONAL DEL MERCADO DE VALORES Extension in the use of XBRL to several areas of supervision in the Securities Commission of Spain Jose M. Alonso.
Aishwarya Mohan Gahrana B.Sc., LL.B., A.I.I.I., F.C.S, Company Secretary in Practice New Delhi.
A STRONG ENABLER. Global Quality Benchmarks Global Quality Benchmarks Free Competition Free Competition Speed of Service Speed of Service Increased Transparency.
Repeal MB 19A.16 for Company Secretary of Mainland China & New MB R.3.29 – 1) company secretary to undertake 15 hours trading and 2) 2) Implementation.
CS SONU LAKHANI AEO, ICSI.  WHAT IS XBRL?  XBRL IN THE INDIAN CONTEXT  HOW DOES XBRL WORK?  HOW IS TAGGING DONE?  HOW TO CREATE AN INSTANCE DOCUMENT?
Accurate  Consistent  Compliant Contact: i4i the structured content company the structured content company.
Legislative Guide on Rules Enhancing Trading --- An Introduction China Securities Depository & Clearing Corp., Ltd. HUANG Xiangsheng CSDC Shanghai Branch.
 The U.S. Securities and Exchange Commission (SEC) oversees the key participants in the securities world.  Concerned with promoting disclosure of important.
Efforts of EGX in Promoting Sustainability in The Capital Market
Beneficial ownership: Data collection and publication, timeliness
IS 356 IT for Financial Services
MKK Investor Relations & PDP Dept. Fatma Ayzer Bilgiç October, 2016
Managers’ briefing: Why XBRL?
Our Client: Global Investment Bank -with over 700 offices in 28 countries Net revenues were $19.1 billion, and profits $3.0 billion ( 2002)
Presentation transcript:

XBRL Application in Listing Company Reporting In China Shanghai Stock Exchange Huang Hongbin

 XBRL IN CHINA  CLCID-Taxonomy  Listed Company Standard Reporting  Future Plan

 2000,Learning and Understanding XBRL  2002,Working Group set up by CSRC  2003,Pilot Project Began in Shanghai & Shenzhen  2005,CLCID-Taxonomy got Acknowledged Status  Now,about 1400 Chinese listed companies filing their regular reports in XBRL format XBRL IN CHINA

 About Information Disclosure Regulations Annual, Half-Year and Quarterly reports are required Temporary Announcement – disclose important events CSRC has published a set of disclosure regulations Before XBRL, Stock Exchanges have e-filing systems  How XBRL Helps Improved the accuracy of disclosed information Improved the transparency of company information Improved the information consumers’ ability of analysis XBRL IN CHINA

 XBRL IN CHINA  CLCID-Taxonomy  Listed Company Standard Reporting  Future Plan

CLCID Taxonomy China Listed Company Information Disclosure Taxonomy China Listed Company Information Disclosure Taxonomy

CLCID Taxonomy  Global Common Document (CLCID-GCD) 24 elements Document related information, for filing and tracing  Company General Introduction (CLCID-CGI) 428 elements Information about company address, business scope, share holder, senior management, etc.  Management Report (CLCID-MR) 259 elements Information about shareholder’s meeting, management report, use of raised funds, etc.

CLCID Taxonomy  Primary Terms (CLCID-PT) 1846 elements Main financial report terms include items in explanatory notes.  Important Events (CLCID-IE) 373 elements All important events include affiliated trading, lawsuit and arbitrage, guarantee, etc.  Accountants Report (CLCID-AR) 16 elements A standard audit report include these 16 elements

 XBRL IN CHINA  CLCID-Taxonomy  Listed Company Standard Reporting  Future Plan

Standard Reporting in SSE SSE Web Site XML Public Company Public Media Investors Data Warehouse XML DOC PDF XML Check Result XMLDOC SSE e-Filing System SSE Work Flow

XBRL Reporting in SSE 2004 Annual 2004 Half- Year st Q 2003 Annual rd Q st Q 2005 Half- Year Companies Participating in XBRL Project

XBRL Reporting Software

 Features Standard template, what you see is what you got Error key in identification Calculation error validation Automatic generate Microsoft word file User defined item Multi-user co-working function Supported by Shanghai New Lido Data Tech., Co. Ltd.

 XBRL IN CHINA  CLCID-Taxonomy  Listed Company Standard Reporting  Future Plan

Future Plan  About Taxonomy Add Financial Service Terms (CLCID-FST) Add elements about temporary announcements  About XBRL Reporting Project Encourage the use of company extended taxonomy Try the temporary announcements XBRL reporting Consider the XBRL reporting of Funds and Bonds

Future Plan  About Using XBRL Data Transfer historical reports into XBRL instances Use XBRL data to build a more efficient supervise system to minimize market risk Provide structured data to both local and foreign investors

Thanks !