Shanghai Stock Exchange listed companies, funds XBRL taxonomies approved

Shanghai Stock Exchange listed companies, funds XBRL taxonomies approved

29/04/10

XBRL International has recently confirmed in due form on its official website the accreditation of "Approved" for the XBRL taxonomies of listed companies and funds of the Shanghai Stock Exchange (SSE).

"Approved" certification, the top-level and most authoritative of its kind by XBRL International through demanding and time-consuming procedures, asks for high-standard technical specifications, business applicability and public assessment of the taxonomies. XBRL International released that the "Approved" certification had only been issued to part of the taxonomies of XBRL US prior to the accreditation for the SSE taxonomies.

Under the leadership of the China Securities Regulatory Commission (CSRC), the SSE has made fruitful achievements since 2003 when it kicked off the XBRL research and application in China. Echoing suggestions from its XBRL expert committee, the SSE, based on the former "Acknowledged" certification, started in the second half of 2008 its application to XBRL International for "Approved" certification of its taxonomies of listed companies and funds in a bid to lay a solid technical foundation for promoting the XBRL application on China's capital market.

The "Approved" accreditation, a major achievement and honor of China in the XBRL field thanks to the leadership of the CSRC, the endeavors of the SSE and the generous support of related parties, is a significant contribution by China's capital market to the development of XBRL at home and abroad.