at SSE Gang Zheng Director, IT Center Shanghai Stock .ppt

1、Implementing XBRL at SSE Gang Zheng Director, IT Center Shanghai Stock Exchange 5/16/2005,Brief Introduction of Shanghai Stock Exchange (SSE) XBRL Implementation at SSE XBRL-Based Information Product Business Model Next Step,Agenda,Market Overview Number of listed companies: 832 Market capitalizatio

2、n: about RMB 2.5 trillion Number of investors: 36.57 millionBy the end of Date 2006-4-12,Brief Introduction of SSE (1),Products Stocks (A-shares & B-shares), Treasury Bonds, Corporate Bonds Recent products and services ETF Warrants Mutual Funds Distribution Channel Open end Bond Repo Market data ser

3、vice Indices SHSE-SZSE 300, SSE 180, SSE 50, SSE Composite, New SSE Composite, SSE Dividend As of 2006-2-7,Brief Introduction of SSE (2),Technology Innovation,Brief Introduction of SSE (3),NGTS,NGIS,SSE portal,3GSS,A good location for investment 40 Qualified Foreign Institutional Investors (QFII), w

4、ith combined investment worth US$63.2 billion (as of 2006-4-23) 66% of the listed companies at SSE have commenced share reform,which involves 67.85% of the overall market capitalization value The introduction of Qualified Domestic Institutional Investors (QDII) scheme will further facilitate China c

5、apital market development,Brief Introduction of SSE (4),Brief Introduction of SSE (5),2006-1-1 SSE Composite Closed at 1169.86 2006-5-10 SSE Composite Closed at 1545.69,Brief Introduction of Shanghai Stock Exchange (SSE) XBRL Implementation at SSE XBRL-Based Information Product Business Model Next S

6、tep,Agenda,XBRL Implementation at SSE,XBRL Pilot XBRL pilot project for listed companys 2003 annual report information disclosure XBRL Implementation Phase-1 XBRL application support text format of annual report SSE submitted the application as the Direct Participant application and obtained approve

7、d China Listed Company Information Disclosure Taxonomies developed by SSE is granted “Acknowledged” status by XBRL International Subsequent XBRL Implementation PhasesXBRL application for fund industry XBRL-based application in Data WarehouseWeb-based XBRL Instance documents query and analysis,Backgr

8、ound,More than 10 years of listed companies disclosure data Most data are in the format of hard copy, or Word (doc), Excel (xls) and pdf files format Difficult to access these information,Background,Regulatory requirements Requirements from market participants A efficient way to transfer and exchang

9、e informationHigh quality, reusable dataRequirements from foreign investors Data Access Data Analysis,Objectives of Project Establish Chinas Taxonomy for all listed companies Increase market transparency Enhance market efficiency Improve investor relationship and protect investor interest Establish

10、a common language for the financial statement,Background,Background,Government support, especially from China Securities Regulatory Commission External Support XBRL International XBRL symposium in Shanghai On August 18,2004 Consultation and training from Mr. Walter HamscherLido Project VendorPwc Agr

11、eement with PwC to evaluate projectFujitsu On site visit to Japan and collaboration with Fujitsu on XBRL application,XBRL Pilot Project,Step by step application Listed Company template (fill in the original data) Exchanges conversion and check tools (screen out errors and convert the data) Instance

12、document presentation and analysis tool (provide investors an easy way to analyze financial reports),XBRL Pilot Project,XBRL Pilot Project,SSE Web Site,XBRL,Public Company,Public Media,Investors,Data Warehouse,XBRL,DOC,DOC,PDF,PDF,XBRL,XBRL,Check Result,XBRL,DOC,SSE e-Filing System,SSE Work Flow,XBR

13、L Implementation Phase-1,XBRL-based Listed Company Information Disclosure,Year 2004 Q3 report,Year 2004 half annual report summary,Year 2004 Q1 report,Year 2003 annual report summary,Year 2004 Comprehensive annual report,Year 2005 Comprehensive annual report,Year 2005 Q3 report,Year 2005 Comprehensi

14、ve half-year annual report,Year 2005 Q1 report,Year 2006 Q1 report,XBRL Implementation Phase-1,XBRL-based Listed Company Information Disclosure (7485 XBRL Instance Documents),118 instance documents on annual report of 2003 742 instance documents on 1st quarter report of 2004 832 instance documents o

15、n summary half-annual report of 2004800 instance documents on 3rdquarter report of 2004 839 instance documents on comprehensive annual report of 2004837 instance documents on 1st quarter report of 2005831 instance documents on comprehensive half-annual report of 2004824 instance documents on 3rdquar

16、ter report of 2005 831 instance documents on comprehensive annual report of 2005 831 instance documents on 1st quarter report of 2006,XBRL Implementation Phase-1,Solicited feedback from Listed Companies (based on Q1 report of Year 2004) Based on the acceptance of listed companies, XBRL instance docu

17、ment will be adopted from Q1 of Year 2006,XBRL Implementation Phase-1,The XBRL International Executive Committee reviewed and approved the Direct Participant application submitted by the Shanghai Stock Exchange. It is the first time that a Chinese organization joined XBRL International within the se

18、curities industry. XBRL International has granted Acknowledged status to the China Listed Company Information Disclosure Taxonomies developed by the Shanghai Stock Exchange. It is the first taxonomy with the “Acknowledged” status in China.,Subsequent XBRL Implementation Phases,Making XBRL Fund Data

19、Available http:/ fund data analysis tools,Subsequent XBRL Implementation Phases,XBRL-based application in Data Warehouse,Subsequent XBRL Implementation Phases,Web-based XBRL Instance documents query and analysis tool http:/ Company,Listed Company,Mutual funds,Mutual funds,SSE,Analysts,Investors,Info

20、rmation Service providers,Regulators,XBRL repository,Template-based XBRL data collection,value-added XBRL application and service,Semi-structured data management and analysis,SSEs Efforts and Progresses in XBRL Implementation,XBRL v2.1 based Taxonomy for the whole industry,International XBRL communi

21、ty,Direct membership,Brief Introduction of Shanghai Stock Exchange (SSE) XBRL Implementation at SSE XBRL-Based Information Product Business Model Next Step,Agenda,Who is SSE INFONET ?,SSE Infonet is responsible for planning and implementing SSEs Internet strategy, undertaking a supporting role durin

22、g the course of SSEs informatization journey, maintaining operational rights for proprietary information of the SSE and developing value-added information services.,Listed Company Information Product Based On XBRL,Features Include Annual, Half-Year and Quarterly reports Both Shanghai Stock Exchange

23、and Shenzhen Stock Exchange From 2000 to 2006 Benefits Fully automated Cost effective Faster turnaround time More Reliable and More Accurate Improved analysis and better quality of information to support decision-making,Target Client,Information Vendors Moved away from costly manual processes Cost e

24、ffective Institutional Clients Moved away from typically time-consuming comparison, assembly and re-entry of data Able to focus on information analysis,Business Model,For vendors Develop value-added products and services Fee structure (License fee + Terminal fee) Practical User management (with peri

25、odic feedback on users) For Institutional Clients Provide direct XBRL data Analysis application will not be included,Brief Introduction of Shanghai Stock Exchange (SSE) XBRL Implementation at SSE XBRL-Based Information Product Business Model Next Step,Agenda,Next Step,Strengthen corporation with XBR

26、L International Seek approval for the listed companies Taxonomy from XBRL International Apply for the “Acknowledge” status for Fund Taxonomy from XBRL international,Next Step,Develop XBRL-Based Information Product Business Commercialize XBRL data Develop advanced application for end user,Next Step,Embrace advance XBRL application within SSE XBRL application for ad hoc report Further develop XBRL usage for mutual fund information,Thanks！ http:/,