CHINA: Shanghai Stock Exchange Adds New Time Intervals of Information Disclosure

Tuesday May 26 2015

The Shanghai Stock Exchange (SSE) has announced it has added new time intervals of information disclosure on the basis of the existing post-market-closing time intervals of information disclosure on trading days, in a bid to help listed companies timely fulfil information disclosure obligation and elevate information disclosure efficiency. It hereby notifies relevant issues as follows:

• A time interval (13:00-17:00) of information disclosure on non-trading-days will be added on a single non-trading-day or the last day of continuous non-trading-days.
• Two time intervals of information disclosure, namely, 07:30-08:30 in the morning and 11:30-12:30 at noon will be added on trading days.
• If a listed company, for such objective reasons as accident and domestic and foreign time difference, fails to release an announcement within the previous time interval of information disclosure, it may do so on the SSE website (www.sse.com.cn) in the time interval of information disclosure in the morning or that at noon.
• A listed company may release the following 4 categories of announcements according to the Index in the time interval in the morning on trading days:

o Announcement on alert of trading suspension or resumption
o Announcement on clarification and explanation
o Announcement on contract signing
o Announcement on other financing products disclosed due to issuing securities in overseas market

• A listed company may release the following 2 categories of announcements according the Index in the time interval at noon on trading days:

o Announcement on alert of trading suspension or resumption
o Announcement on clarification and explanation

• A listed company should timely report to relevant personnel of the SSE regulatory department for listed companies after submitting an announcement through the information disclosure business management system in the time interval of information disclosure on non-trading-days or in the time interval of information disclosure in the morning or at noon on trading days, and carry out self-check to ensure that the announcement has been released on the SSE website.

The notice will come into force on 1st June 2015

Click on the link above for further details.