Qinye Zhou
Deputy President
Shanghai Stock Exchange

 Review on the development of XBRL in China in the past four years
 Thoughts and experiences gained from SSE’s use of XBRL
 SSE’s next agenda

Questions & Answers

Review On the development of XBRL

As early as 2002, establishing a research group for
XBRL application, consisting of staff from China
Securities Regulatory Commission, Shanghai Stock
Exchange, Shenzhen Stock Exchange, Shanghai New
Lido Data Technology Co., Ltd and Genius Co., Ltd.

On October 29, 2003, SSE held a symposium on
XBRL taxonomies. Experts and professionals from
Chinese Academy of Sciences (CAS),
PriceWaterhouseCoopers (PwC) and FACTIVA attended the symposium.


On November 20, 2003, SSE started implementing the
XBRL-based listed company filing system.

On December 30, 2003, 50 Shanghai-based listed companies were selected for a pilot program.

In 2004, SSE launched the XBRL Pilot Project.

In April, 2005, XBRL International granted direct participant membership to the SSE.

600
500
400
800
700
300
200
100
0
50
Initial
6%
730
118
14%
2003 annual report
87%
2004 Q1 report
Number of companies
Percent


In September, 2005, the China Listed Company
Information Disclosure Taxonomy Framework developed by the SSE was granted Acknowledged status by XBRL International.

In July 2006, the China Fund Company Information
Taxonomy Framework developed by the SSE was granted Acknowledged status by XBRL International.

On February 13, 2008, the Financial Listed Company
Taxonomy Framework was granted Acknowledged status by XBRL International.


The participation of XBRL in China
 Initially, SSE and Shenzhen Stock Exchange
 Currently, government agencies, regulatory authorities, academic institutions and universities, intermediaries, software vendors, other organizations and individuals


XBRL-based products
 TopView, which is the first XBRL data product in China .
 XBRL E-Filing system, by which all 863 companies are now filing their regular reports in XBRL format.


Pre-defined templates are customizable to varieties of business and covered all periodic reports’ requirements: quarterly, half year and annual report.

The resulting XBRL instance document can be converted to MS word.

The E-filing system becomes a platform between the listed companies and SSE to submit and disclose the information.

 Four thoughts gained from SSE’s use of XBRL
 Governmental support is critical
 Help from XBRL international organization and experts is very valuable
 Leveraging the breakthrough in specific project to create a platform for XBRL application
 Building an industry chain of information services


Government support
 The high level: China Securities Regulatory
Commission (CSRC), National Committee for
Standardization, the Ministry of Finance, the Chinese
Institute of Certified Public Accountants (CICPA)
 The listed company information disclosure taxonomy has become a national standard


Help from XBRL international organization and experts
 On May 16, 2004, Mr. Walter Hamscher, Chair of
XBRL International Steering Committee, visited the
SSE
 On October 13, 2006, Mr. Kurt Ramin, Chair of XBRL
International, visited the SSE
 On April 20, 2007, Mr. Micheal Ohata, Chair of XBRL
International, and Ms. Liv Watson, Chair of the XBRL
Jurisdiction Development Sub-Committee, visited the
SSE.


Leveraging the breakthrough in specific project
 The XBRL Pilot Project
 XBRL E-filing System
 The filing system for the reports of fund companies
 IPO and refinancing filing System


Building an industry chain of information services
 Topview company information product in XBRL format
 Business cooperation with Edgar Online and
Bloomberg
 Analytical tools


The main aspects we focus on
 Due consideration to client needs
 Adequate logistics support
 Participation of intermediaries
 Great importance placed on XBRL

 Advancing fund company reporting using XBRL
 Accelerating the application of XBRL in IPOs and refinancing activities
 Adopting digital signature in XBRL application
 Further promoting the establishment of XBRL
China

 Questions & Answers