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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2247)	12/26/2003 9:48:38 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China tightens disclosure requirements for listed companies SHANGHAI - China's securities regulator has stepped up the annual reporting requirements for listed companies in a bid to improve corporate disclosure standards, securities newspapers reported on Wednesday. The China Securities Regulatory Commission will now require companies to disclose the names of their top 10 shareholders as well as those of the top 10 holders of tradeable shares, the China Securities Journal and other newspapers said. The shareholders' full names, the size of their holdings, and the type of shares they hold must now be disclosed. Companies must also list any relations between the shareholders, the reports said. If a company has made an illegal loan guarantee - a common practice in China - the CSRC now seeks full disclosure of the amount guaranteed and its proportion to the company's net asset value. Regulators have been gradually tightening accounting and disclosure standards to bring Chinese companies in line with international practices. business-times.asia1.com.sg