On 27 October 2019, SZSE revised industry information disclosure guidelines.
- SZSE revised and issued 18 industry information disclosure guidelines as part of implementing the "disclosure-oriented" regulatory concept in the capital market.
- In formulating guidelines, SZSE consulted and received feedback from hundreds of companies, held forums and face-to-face discussions to gather market consensus.
- Also assessed the implementation of the existing 22 guidelines; results were positive.
Revised Content
- SZSE has revised and released 18 industry guidelines, including 10 GEM industry guidelines and 8 general industry guidelines, which focus on four key characteristics.
- Adhere to principle of market-based legalization and improve the adaptability of rules.
- Uphold the concept of supervision and development, and optimize terms as needed.
- Balance cost and effectiveness of information disclosure, and reduce burden on firms.
- Enhance the accuracy of disclosure, and strengthen disclosure and risk requirements.
Implementation Plan
- Ensure companies understand industry guidelines well, by conducting secretarial training, regular report training, and publicizing outstanding cases in annual reports.
- Continue to track implementation of industry guidelines; urge listed companies to strengthen disclosure through intensive inquiry and requesting additional disclosures.
- Strengthen industry information disclosure rules system and improve foundations.
Industry Guides
- Guide no. 1 - Listed companies engaged in livestock and aquaculture.
- Guide no. 2 - Listed companies engaged in solid mineral resources.
- Guide no. 3 - Listed companies engaged in real estate business.
- Guide no. 5 - Listed companies engaged in construction machinery.
- Guide no. 6 - Listed companies engaged in renovation and interior design.
- Guide no. 7 - Listed companies engaged in civil engineering and construction.
- Guide no. 8 - Listed companies engaged in retail.
- Guide no. 9 - Listed companies engaged in courier and delivery.
GEM Board Guides
- Guide no. 1 - Listed companies engaged in film and television business.
- Guide no. 2 - Listed companies engaged in pharmaceutical and biological products.
- Guide no. 3 - Listed companies engaged in photovoltaic production and supply chain.
- Guide no. 4 - Listed companies engaged in energy conservation and environmental protection services.
- Guide no. 5 - Listed companies engaged in internet games.
- Guide no. 6 - Listed companies engaged in internet videos.
- Guide no. 7 - Listed companies engaged in e-commerce.
- Guide no. 8 - Listed companies engaged in internet marketing and data services.
- Guide no. 9 - Listed companies engaged in LED production and supply chain.
- Guide no. 10 - Listed companies engaged in medical device business.