This news'
disclosure shocked the public.
这条新闻的揭露震惊了公众。
Please list all the personal information,full
disclosure.
请把所有的个人信息都列出来。
This is a
disclosure of police brutality.
这是对警察暴行的揭露。
In July, the US Securities and Exchange Commission, a US government agency that regulates the securities markets and protects investors, adopted new rules for cybersecurity risk management and incident disclosure, requiring public companies to disclose material cybersecurity incidents within four days of an attack.
7月，监管证券市场和保护投资者的美国政府机构美国证券交易委员会通过了网络安全风险管理和事件披露的新规则，要求上市公司在攻击发生后四天内披露重大网络安全事件。
Firms listed on China's Shenzhen Stock Exchange (SZSE) reported 15.06 trillion yuan ($2.1 trillion) in operating revenues in the first three quarters of 2023, up 4.19 percent year-on-year, according to a disclosure from the bourse.
北京——根据中国深圳证券交易所的披露，2023年前三季度，在该交易所上市的公司报告营业收入为15.06万亿元人民币（2.1万亿美元），同比增长4.19%。
As of Oct 31, all of 2,830 firms listed on the bourse have released their third-quarter reports, with 78.3 percent reporting profits despite cumulative net profits falling 7.3 percent year-on-year to 881.26 billion yuan during the period, according to the disclosure.
据披露，截至10月31日，2830家在交易所上市的公司都发布了第三季度报告，78.3%的公司报告了利润，尽管同期累计净利润同比下降7.3%，至8812.6亿元。
In the future, corporate disclosure on nature conservation is also expected to become a compulsory part," said Yang Fangyi, senior program officer at the International Union for Conservation of Nature China Office.
未来，企业对自然保护的披露预计也将成为强制性的一部分，”国际自然保护联盟中国办事处高级项目官员杨方毅说。
Hengda Real Estate Group, a flagship unit of the struggling China Evergrande Group, said late on Wednesday that the country's securities regulator had built a case against it for suspected information disclosure violations.
陷入困境的中国恒大集团旗下旗舰公司恒大地产集团周三晚些时候表示，中国证券监管机构已对其涉嫌信息披露违规行为提起诉讼。
Yan Yuejin, director of the Shanghai-based E-house China Research and Development Institution, said, "The disclosure of Evergrande's offshore debt restructuring plan means the group's overall debt restructuring is making progress against the background that the property sector identified its main task as preventing and mitigating risks.
总部位于上海的易居中国研究开发院院长严跃进表示，“恒大离岸债务重组计划的披露意味着，在房地产行业将其主要任务确定为防范和减轻风险的背景下，集团的整体债务重组正在取得进展。
The improved rating was partly thanks to a reevaluation of the alleged environmental risks presented by genetically modified organisms as well as the additional disclosure of relevant data to investors and rating agencies.
评级的提高部分归功于对转基因生物所带来的所谓环境风险的重新评估，以及向投资者和评级机构额外披露了相关数据。
"With China's strong determination to opening-up, we will continue to demonstrate our unwavering determination to serve the Chinese market, and will join hands with the community with our increasingly innovative spirit and sustainable future-oriented strategies that will contribute to quality development," he addedGiven the pressing need of Chinese enterprises to seek strategy transformation toward sustainability, ESG (environmental, social and governance) is being integrated by an increasing number of enterprises in their regular growth strategies, and ESG information disclosure is also becoming a major trend.
他补充道：“中国坚定的对外开放决心，将继续展示我们服务中国市场的坚定决心，并将以我们日益创新的精神和可持续的面向未来的战略与社会携手合作，为高质量发展做出贡献。”在可持续发展方面，越来越多的企业将ESG（环境、社会和治理）纳入其常规增长战略，ESG信息披露也成为一大趋势。
China Unicom added that the new JV's investment size does not reach the threshold of Shanghai Stock Exchange's information disclosure requirements for listed firms.
中国联通补充说，新合资公司的投资规模没有达到上海证券交易所对上市公司信息披露要求的门槛。
The company will continue to fulfill its information disclosure responsibilities and make sure everything will go on smoothly, he said.
他表示，公司将继续履行信息披露责任，确保一切顺利进行。
The STAR market, inaugurated in June 2019 and designed to support companies in the high-tech and strategic emerging sectors, has eased its listing criteria but adopted higher requirements for information disclosure.
STAR市场于2019年6月启动，旨在支持高科技和战略性新兴行业的公司，它放宽了上市标准，但对信息披露采取了更高的要求。
"The Holding Foreign Companies Accountable Act, which was passed in 2020 in the US, has meant that Chinese enterprises were forced to deal with unreasonably strict and institutionally discriminatory information disclosure requirements," he said.
他表示：“美国于2020年通过的《追究外国公司责任法》意味着中国企业被迫应对不合理严格和制度歧视性的信息披露要求。”。
China's securities regulator on Thursday ordered Legend Holdings to rectify information disclosure issues.
中国证券监管机构周四责令联想控股纠正信息披露问题。
Amid the rising interest of domestic investors in ESG, there will be more discussion and introduction of rules on ESG information disclosure and setting up related standards, Jia said.
贾表示，随着国内投资者对ESG的兴趣不断上升，将有更多关于ESG信息披露规则的讨论和出台，并制定相关标准。
Listed firms should take the conferences of financial results presentation as a key opportunity to improve disclosure quality and optimize investor relations, Yan said, requiring them to make the display of financial results more understandable, listening to advice from investors and proactively guiding market expectations via such meetings.
New regulatory measures will include an ethical censorship system and information disclosure standards for fintech companies.
If Ant Group belongs to the financial industry, the compliance and disclosure requirements are different.
The Shanghai bourse explained that Ant Group has reported major matters, such as the change in supervision environment concerning fintech, due to which Ant Group may not be able to meet listing requirements at the bourse or meet related information disclosure requirements.
The STAR market, inaugurated in June last year and designed to support companies in the high-tech and strategic emerging sectors, eases listing criteria but adopts higher requirements for information disclosure.
Chinese video-streaming service provider Leshi Internet Information & Technology Corp has been fined 240 million yuan ($35 million) following an investigation into suspected illegal disclosure of information and fraud in its initial public offering.
About 17 percent of companies included in the CSI 800 Index, a tracker of 800 major shares listed in Shanghai and Shenzhen, gained ESG ratings at B+ or above this year, compared with 8 percent in 2018, indicating a higher quality of ESG information disclosure, the report said.
Investors are expecting the first set of unified regulations of ESG information disclosure applicable to the A-share companies.
The key focus of the consultation is to support and improve issuers' governance and disclosure of ESG activities and metrics.
"We found that Hong Kong is ready for the ESG information disclosure, and we want ESG to be a risk management exploit," said Katherine Ng, chief operating officer and head of Policy and Secretariat Services of the Listing Division of HKEX.
Financial disclosure from Inspur Information shows that Intel is the company's largest supplier of chips.
The revision, which came into effect on March 1, has stipulated harsher punishments for illegal market behavior, stricter information disclosure requirements, and stronger investor protection mechanisms.
Wu Chaoming, chief economist with Chasing Securities, expects the authorities concerned to accelerate the roll out of detailed schemes of implementing the law, with strengthening information disclosure and elevating listed firm quality at the core.
Specifically, regulatory scrutiny is set to further gather pace, experts said, with market data showing that the CSRC has initiated at least seven investigations against information disclosure violations since last month.
Experts expect these firms will be fined more heavily than prior cases, as the new law has raised the ceiling of administrative fines for false, misleading or incomplete disclosure to 10 million yuan ($1.44 million), versus 600,000 yuan previously.
They must stay true to the bottom line of financial integrity, and at the same time strengthen information disclosure to live up to investor expectations.
Compliance, in a broad sense, means not only satisfying requirements of laws and regulations, but meeting investor expectations over information disclosure as well.
Chinese companies should be fully aware that stock price slumps due to information disclosure that falls short of investor requirements will probably induce class action suits and economic compensation for shareholders.
All in all, for a listed company, transparent information disclosure and open communication are always the most sound practice.
Nanshan also completed the information disclosure of 300 million yuan of bonds, and 200 million yuan of the raised funds will be used to support its subordinate companies to participate in the construction of hospitals such as the Huoshenshan Hospital and Leishenshan Hospital, as well as to ensure smooth logistics in epidemic areas.
The bottom price for the stake has been set at 2.17 billion yuan ($312 million) and the bidding process is ongoing, according to a disclosure document filed by CITIC to the Beijing Equity Exchange.
CITIC's disclosure document showed that revenue for the McDonald's China master franchiser, called Fast Food Holdings Ltd, was 24.8 billion yuan in 2018.
The SSE STAR Market, inaugurated on June 13 and designed to focus on companies in the high-tech and strategic emerging sectors, will ease the listing criteria, such as allowing firms that have yet to make a profit to list, but they will adopt higher requirements for information disclosure.
The company also said it will continue to pay attention to the progress of compulsory measures and fulfill its information disclosure obligations in a timely manner.
The company is planning to go public so exact figures for the first half has not been released per disclosure rules.
The council said it would safeguard consumers' legitimate rights and interests through information disclosure, public investigation, inquiries and, if necessary, legal means such as public interest litigation.
KPMG and Andrew Walker both admitted that their conduct was significantly short of the standards in two area, which included "failures to obtain sufficient appropriate audit evidence; failures to exercise sufficient professional skepticism and a failure to inform Co-op Bank that the disclosure of the expected lives of the Leek Notes in the financial statements was not adequate," the regulator said.
The CSRC decided to investigate Leshi and Jia because they are suspected of illegal information disclosure and other violations.
Leshi said in the announcement that during the probe period, the company and Jia will actively cooperate with the investigation work and strictly comply with the regulator's requirements to fulfill the obligation of information disclosure.
According to media reports, Beijing Baikeluoke Technology Co, one of Ofo's operators, was involved in a bankruptcy case on March 25, listed on the national bankruptcy disclosure platform.
"For writing CSR reports, we suggest that enterprises should further strengthen the disclosure of the management solutions of some core problems, and better respond to hot topics that the public cares about," he said.
Under the initial strategy of the "A plus D-model" those corporations that have shares listed on a Chinese exchange (A-Shares) and are looking for a secondary listing (D-Shares) need to provide proof of no sanctions by the exchange regulator as well as the exchange over the past three years, show no alerts for a delisting and committed no severe violation of information disclosure over the last 12 months prior to the planned listing in Frankfurt.
The Facebook disclosure is part of a larger security breach of 50 million accounts it unveiled about two weeks ago.
A total of 3,538 buy-side individuals and 982 sell-side analysts participated in the survey, nominating 2,368 companies across 18 sectors based on 10 core areas including timely and appropriate levels of financial disclosure and high quality of corporate documents and investor kit materials.
She said Chinese mainland regulators have taken action against collusion, insider dealing and front-running a stock, in addition to improving information disclosure.
While China takes the lead worldwide in online finance, there might be potential compliance risks as to information disclosure, the method of gauging product buyers' risk tolerance and access to personal information, Allen said.
These concerns relate to Xiaomi's licenses on online business, Xiaomi's ecosystem companies, Xiaomi's risk disclosure, Xiaomi's shareholding structure and Xiaomi's research and development, etc.
It is a pioneer in sustainable flying and the first airline listed on the leadership index of the worldwide Carbon Disclosure Project, which works with companies and cities to disclose the environmental impact of major corporations.
Before the trial started, AT&T lawyers said the Time Warner deal may have been singled out for government enforcement but Judge Richard Leon of the US District Court for the District of Columbia rejected their bid to force the disclosure of White House communications that might have shed light on the matter.
That disclosure played on a common belief among consumers that Apple purposely slows down older phones to encourage customers to buy newer iPhone models.
While no credible evidence has ever emerged that Apple has engaged in such conduct, the battery disclosure struck a nerve.
Chinese companies are suggested to further complete building their sustainability reporting system as the first set of global guidelines on corporate sustainability disclosure standards will go into effect in January 2024, said an industry expert.
Xu Wenchao, director of Asia-Pacific financial institutions at Fitch Ratings, observed that the circular mentions cross-department cooperation, aiming to improve disclosure and transparency as well as providing more credit enhancement.
According to the factual disclosure report released by Australian government on Monday, it was determined that the termination of these measures, slated for April 16, 2024, would not inflict substantial harm on domestic industry within the Oceanic country.
And it will strengthen the monitoring and disclosure of data and information around climate change," he said.
CHENG: China is one of the largest green finance markets in the world and the authorities have made substantive progress to classify green activities and develop a clear investment disclosure process.
In addition, the fifth CIIE will provide two-way information disclosure for purchasers and exhibitors for the first time.
Independence and impartiality of arbitrators can be enhanced by disclosure requirements to avoid conflicts of interest and sanctioned by effective disqualification rules and challenge procedures, said Peter Malanczuk, arbitrator of the Shenzhen Court of International Arbitration and adjunct professor of the faculty of law at the University of Hong Kong.
Reiterating China's commitment to financial market opening-up, the PBOC vowed on Sunday to simplify the procedures for foreign investors to invest in the Chinese market, enlarge the universe of investable assets, improve data disclosure and the business environment, and extend trading hours of the interbank foreign exchange market.
Meanwhile, the duration for public companies' information disclosure will be extended.
Companies unable to release their 2021 financial results on the scheduled date due to the contagion can have the final disclosure date extended to April 30, according to the Shanghai bourse.
Information disclosure regarding ESG (environmental, social and governance) investment should be mandated under unified nationwide standard, especially for listed companies, to further drive China's high-quality growth, a political adviser said during the two sessions.
Tu Guangshao, former president of China Investment Corp and a member of the National Committee of the Chinese People's Political Consultative Conference, said that with China accelerating its steps of high-quality growth, specific and unified information disclosure of ESG investment will be crucial not only for players in the market, but also for financial resources allocation across the market.
To this end, Tu urged efforts to make ESG information disclosure a mandate first for all companies listed in the A-share market and eventually all listed companies and bond issuers in China.
"The current information disclosure on ESG investment is made only voluntarily with no uniformed standard," Tu said.
"Such insufficient and ineffective means of ESG information disclosure will hamper investors to bring such information into full consideration, and has had an impact on efficient financial resource allocation.
Given previous experiences gained at CIC－currently the second-largest sovereign wealth fund in the world with assets and offices worldwide－Tu said mandating ESG information disclosure will be an inescapable move toward China's high-quality growth and higher-level opening-up, which are two consistent major goals China has set for its development in recent years.
"Stepping up information disclosure for ESG investment is a key step for institutional opening-up as it will push overall investment to be much more in sync with global requirements," Tu said.
They are expected to plan for longer approval times, and be prepared for extensive information disclosure requirements to address antitrust and data security issues," he said.
Second, there's an urgent need for international coordination and the alignment of standards for climate risk-related regulation－in particular climate risk disclosure standards for corporate issuers, financial institutions and financial products.
"In developing countries, since the scope of the market is relatively small, he believes it is more important for them to get prepared in infrastructure building, such as information disclosure.
The information disclosure will be verified by a third-party professional institution and subject to public supervision.
"Finance can play an active role in response to climate change issues, especially in areas such as improving the carbon pricing mechanism, coordinating green classification standards, promoting the mandatory disclosure of climate-related information and mobilizing market funds to support green transformation," Yi Gang, governor of the People's Bank of China, said at the European Union's first sustainable investment summit in October.
The country has also stepped up measures to optimize its credit-based market-regulation mechanism, such as strengthening information disclosure and encouraging credit repair, according to the administration.
The SBTi was jointly proposed by the UNGC, the Climate Disclosure Project, the World Resources Institute and the World Wildlife Fund.
We see an uptrend in disclosure rates of these three indicators that are gradually catching up with global and regional standards.
The new rules, which will take effect from Aug 1, will standardize behaviors such as price index compilation as well as information transparency and disclosure, according to the National Development and Reform Commission, the nation's top economic regulator.
"China is in urgent need of a key commodity and service price index with independent operation, scientific compilation rules and transparent information disclosure,"Zhou added.
The new rules, which became effective on Friday, specified altogether 12 circumstances under which companies will be forced to terminate listings, including unreliable information disclosure, major defects in corporate governance and violations of laws and regulations.
Nevertheless, environmental-friendly investing is still in an early stage in the A-share market and awaits the establishment of more infrastructure to thrive, especially a common set of ESG disclosure standards for different companies that will lead to mandatory ESG reporting.
Jay Wang, China director of risk proposition performance at Refinitiv, a global provider of financial market data and infrastructure, said the expectation that China may make ESG disclosure mandatory by the end of 2022 "has some grounds", given that different market stakeholders are trying to formulate a set of ESG disclosure standards that is both suitable for Chinese firms and acceptable to global investors.
In China, one main challenge is the lack of adequate ESG information on its companies that lag disclosure requirements of Western peers.
Chen said the country would guide and leverage more financial resources to low-carbon and green transformation projects through its macro policies, including monetary and credit policies and mandatory disclosure of green finance-related information.
As interest from international investors in China's green finance market is growing, it will spur information disclosure related to environment, social and governance.
It requires governments and relevant departments at or above the county level to establish and improve a guarantee system for network and data security; strengthen the supervision and management of the collection, storage, use, processing, transmission, provision, and disclosure of personal data; and investigate and penalize illegal activities that endanger the safety of personal data, such as data leakages.
Meanwhile, the SASAC guided central SOEs to reinforce management and become active shareholders after investment, strictly regulate transactions and promote information disclosure.
The certification and information disclosure mechanisms need improvement while more coordination details also need to be issued between the green certificate system and other systems, such as the national carbon market.
The document stipulates the scope of application of the provisions, the principles of accounting for data resources, and the presentation and disclosure requirements on enterprises regarding their data resources.
"The interim regulations take into account factors like information needs, cost-effectiveness and protection of trade secrets, to innovatively adopt the voluntary disclosure method and regulate disclosure of key information based on the concerns of all parties," said the official.
They should strengthen voluntary disclosure of information like the application scenarios or business models of data resources, types and sources of original data, maintenance and safety protection, key transactions, and invalidation and restriction of relevant rights, so forth, to fully reflect the impact of data resources on their financial position and operating results, the official said.
The newly constructed space will combine the functions of bonded exhibition, bonded trading, price formation and information disclosure, he said.
More efforts will also be made to improve the arrangement of carbon accounting and the disclosure of environmental information, and enrich the offering of financial tools for promoting the low-carbon transformation of high-emitting sectors, Xuan said.
"To make better use of green buildings, retailers should pay attention to the monitoring of actual environmental benefits and information disclosure, so that their functions are more practical, Guo said.
"By specifying the quantitative disclosure of iron and steel products' environmental impact including carbon footprint, the steel industry EPD program takes its social responsibility and is an action responding to the nation's carbon peaking and carbon neutrality goals," Xia said.
Banking financing institutions should actively cooperate with information disclosure of M&A projects progress and financial support received, the notice added.
"Disclosure of proprietary information belonging to their clients and customers will ruin the virtuous circle and disrupt the way of doing business worldwide that has made the semiconductor industry so essential to the growth of the world economy," George Koo, a retired business adviser on China strategies in Silicon Valley, told China Daily.