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

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Presentation on theme: "XBRL Application in Listing Company Reporting In China Shanghai Stock Exchange Huang Hongbin 2005.11.8."— Presentation transcript:

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

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

3  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

4  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

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

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

7 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.

8 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

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

10 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

11 XBRL Reporting in SSE 2004 Annual 2004 Half- Year 2004 1 st Q 2003 Annual 2004 3 rd Q 118 739 834 836 837 837 837 2005 1 st Q 2005 Half- Year Companies Participating in XBRL Project

12 XBRL Reporting Software

13  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.

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

15 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

16 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

17 Thanks !


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