1. Ancient China And Innovative XBRL Qinye Zhou Deputy President Shanghai Stock Exchange

2.  Review on the development of XBRL in China in the past four years  Thoughts and experiences gained from SSE’s use of XBRL  SSE’s next agenda  Questions & Answers Agenda

3.  As early as 2002, establishing a research group for XBRL application, consisting of staff from China Securities Regulatory Commission, Shanghai Stock Exchange, Shenzhen Stock Exchange, Shanghai New Lido Data Technology Co., Ltd and Genius Co., Ltd.  On October 29, 2003, SSE held a symposium on XBRL taxonomies. Experts and professionals from Chinese Academy of Sciences (CAS), PriceWaterhouseCoopers (PwC) and FACTIVA attended the symposium. Review On the development of XBRL

4.  On November 20, 2003, SSE started implementing the XBRL-based listed company filing system.  On December 30, 2003, 50 Shanghai-based listed companies were selected for a pilot program.  In 2004, SSE launched the XBRL Pilot Project.  In April, 2005, XBRL International granted direct participant membership to the SSE.

6. Taxonomy development  In September, 2005, the China Listed Company Information Disclosure Taxonomy Framework developed by the SSE was granted Acknowledged status by XBRL International.  In July 2006, the China Fund Company Information Taxonomy Framework developed by the SSE was granted Acknowledged status by XBRL International.  On February 13, 2008, the Financial Listed Company Taxonomy Framework was granted Acknowledged status by XBRL International.

8.  The participation of XBRL in China  Initially, SSE and Shenzhen Stock Exchange  Currently, government agencies, regulatory authorities, academic institutions and universities, intermediaries, software vendors, other organizations and individuals

9.  XBRL-based products  TopView, which is the first XBRL data product in China.  XBRL E-Filing system, by which all 863 companies are now filing their regular reports in XBRL format.

10. XBRL E-filing System

11.  Pre-defined templates are customizable to varieties of business and covered all periodic reports’ requirements: quarterly, half year and annual report.  The resulting XBRL instance document can be converted to MS word.  The E-filing system becomes a platform between the listed companies and SSE to submit and disclose the information.

12.  Four thoughts gained from SSE’s use of XBRL  Governmental support is critical  Help from XBRL international organization and experts is very valuable  Leveraging the breakthrough in specific project to create a platform for XBRL application  Building an industry chain of information services

13.  Government support  The high level: China Securities Regulatory Commission (CSRC), National Committee for Standardization, the Ministry of Finance, the Chinese Institute of Certified Public Accountants (CICPA)  The listed company information disclosure taxonomy has become a national standard

14.  Help from XBRL international organization and experts  On May 16, 2004, Mr. Walter Hamscher, Chair of XBRL International Steering Committee, visited the SSE  On October 13, 2006, Mr. Kurt Ramin, Chair of XBRL International, visited the SSE  On April 20, 2007, Mr. Micheal Ohata, Chair of XBRL International, and Ms. Liv Watson, Chair of the XBRL Jurisdiction Development Sub-Committee, visited the SSE.

15.  Leveraging the breakthrough in specific project  The XBRL Pilot Project  XBRL E-filing System  The filing system for the reports of fund companies  IPO and refinancing filing System

16.  Building an industry chain of information services  Topview company information product in XBRL format  Business cooperation with Edgar Online and Bloomberg  Analytical tools

17. Analytical Tool

18.  The main aspects we focus on  Due consideration to client needs  Adequate logistics support  Participation of intermediaries  Great importance placed on XBRL

19. Next Agenda  Advancing fund company reporting using XBRL  Accelerating the application of XBRL in IPOs and refinancing activities  Adopting digital signature in XBRL application  Further promoting the establishment of XBRL China

20.  Questions & Answers

21. Thank You