China Securities Regulatory Commission, Contents and Formats for Information Disclosures by Companies that Offer Shares to the Public Guidelines (No.3): Contents and Format of Interim Reports (Revised in 2003)

Issued: June 24 2003
Effective: as of date of issue
Interpreting authority: China Securities Regulatory Commission

Main contents: More content has been added to the 2003 revised Guidelines. The responsible persons of the company, responsible persons in charge of accounting work and responsible persons of accounting institutions are required to publish a declaration guaranteeing the truthfulness and completeness of the financial reports in the interim reports (Article 17). If the influence on the company's net profit of investment proceeds derived from a single equity participation company amounts to 10% or more, the business nature, main products or services, and net profit of the company should be introduced (Article 30). Liquid assets, liquid liabilities and total assets are also included in the disclosure of major financial data and indices (Article 22). On the other hand some content has been omitted from the revised Guidelines. Companies are no longer required to disclose details of new controlling shareholders or persons with actual control. The revised Guidelines also include standard tables for presentation of the summary of interim reports.
Related legislation: PRC Company Law (Amended), Oct 27 2005, CLP 2005 No.10 p21; PRC Securities Law (Amended), Oct 27 2005, CLP 2006 No.1 p31; China Securities Regulatory Commission, Contents and Formats for Information Disclosures by Companies that Offer Securities to the Public Guidelines (No. 2): Contents and Format of Annual Reports (Revised in 2002), Jan 6 2003, CLP 2003 No.2 p5 and Ministry of Finance, Enterprise Accounting Guidelines - Interim Financial Reports, Nov 2 2001, CLP 2001 No.10 p5
Repealed legislation: China Securities Regulatory Commission, Contents and Formats for Information Disclosures by Companies that Offer Shares to the Public Guidelines (No.3): Contents and Format of Interim Reports (2002 Amended Text)