.jpg)
The Shenzhen Stock Exchange (SZSE) rolled out the XBRL information service platform for listed companies recently.
The platform, optimized and upgraded on the basis of the XBRL trial application website, was launched when listed companies started to unveil their annual reports for 2008.
The platform (http://www.szse.cn or http://xbrl.cninfo.com.cn/XBRL/index.jsp), serves small and medium investors, was based on XBRL standardized data and was incorporated with functions such as display, analysis and download of listed companies’ information.
The launch of the platform indicates the SZSE is heading towards a multi-layered and diversified approach for its XBRL standardized information service for listed companies.
It is noted the XBRL (eXtensible Business Reporting Language), a global standardized technology for financial information, was widely recognized and promoted across the world because it’s readable and comparable in computers and easy for data flow and data treatment.
Currently, the platform provides the query and display of XBRL document data of the reports of all 740 companies listed in Shenzhen from 2004 to 2008.
Principals from the SZSE introduced that investors can find financial indicators in an easy and quick way through the platform’s functions like information query, analysis and comparison, graph display and file download. Comparison and display of historical financial indicators of the same company or a certain financial indicator in a number of companies are also available.
Meanwhile, the application of XBRL in securities industry has a far-reaching impact in securities information disclosure. It can achieve the information share and operation of listed companies in the industry and the securities industry, pushing the standardized advancement of listed companies’ information disclosure and the securities information service industry.
By closely tracking the change of business rules and timely amending the XBRL information disclosure standard for listed companies, the completeness and consistency of information disclosure documents made by listed companies can be testified.
