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Industry Study Issue 1: An Overview of Industry Information Disclosure Guidelines Issued by SSE,SZSE and NEEQ

Industry Study Issue 1: An Overview of Industry Information Disclosure Guidelines Issued by SSE,SZSE and NEEQ

2019-03-11

Since 2015, China Security Regulatory Commission(CSRC) has taken measures to ensure effective supervision on listed and New Third Board companies by industries. 57 guildlines regarding information disclosure have been issued by Shenzhen and Shanghai Stock Exchanges, NEEQ(National Equities Exchange and Quotations) since 2019. Companies combined through M&A will be audited according to the industries they are in, especially the high and new technology industry.

Industry business information is crucial for investors to participate in supervision of the listed companies and make investment decisions. In view of this, new requirements were proposed to focus more on information disclosure of operational risks.

Grant Thornton’s industry study interpretes key points of the general provisions, information that should be disclosed in annual report and audit focus. We will discuss related issues in four aspects as followed:

Overview of industry information disclosure guidelines
Guideline of industry information disclosure of listed companies No. 1(interpretation on general provisions)
Related requirements for disclosing operational information by industry in listed companies’ annual report
Audit focus of annual report of listed companies

This is the first Issue of Grant Thornton’s industry study reports, and we hope you find it helpful.

Please read the Chinese version to learn more.