Guidelines of the Shenzhen Stock Exchange for One-Stop Business for Information Disclosure by Listed Companies

 2018-06-23  8



  • Document NumberNo. 134 [2018] of the Shenzhen Stock Exchange
  • Area of Law Securities
  • Level of Authority Industry Regulations
  • Date issued03-23-2018
  • Effective Date03-23-2018
  • Status Effective
  • Issuing Authority Shenzhen Stock Exchange



Notice of the Shenzhen Stock Exchange on Issuing the Guidelines of the Shenzhen Stock Exchange for One-Stop Business for Information Disclosure by Listed Companies (2018 Revision)
(No. 134 [2018] of the Shenzhen Stock Exchange)
All listed companies:
For the purposes of further maximizing the front-line regulatory function of the exchange, maintaining the market order, preventing and controlling market risks and protecting investors' lawful rights and interests, the Shenzhen Stock Exchange has revised the Guidelines of the Shenzhen Stock Exchange for One-Stop Business for Information Disclosure by Listed Companies, which are hereby issued and upon which the Guidelines of the Shenzhen Stock Exchange for One-Stop Business for Information Disclosure by Listed Companies (2015 Revision) issued by the Shenzhen Stock Exchange on May 26, 2015 shall be repealed.

Annex: Guidelines of the Shenzhen Stock Exchange for One-Stop Business for Information Disclosure by Listed Companies (2018 Revision)
Shenzhen Stock Exchange
March 23, 2018
Guidelines of the Shenzhen Stock Exchange for One-Stop Business for Information Disclosure by Listed Companies
(Revision 2018)
(No. 134 [2018] of the Shenzhen Stock Exchange)
Chapter I General Provisions
Article 1 For the purposes of urging listed companies to further establish the market-oriented operation concept, strengthening the information disclosure responsibilities of listed companies, regulating one-stop business for information disclosure by listed companies and protecting investors' lawful rights and interests, these Guidelines are developed according to the Company Law, the Securities Law, the Measures for the Administration of the Information Disclosure by Listed Companies, the Stock Listing Rules of the Shenzhen Stock Exchange (2014 Revision), the Rules of the Shenzhen Stock Exchange for Stock Listing on ChiNext (2014 Revision) (hereinafter referred to as the “Listing Rules”) and other relevant provisions.
Article 2 The Guidelines shall apply to the one-stop services of companies listed on the Shenzhen Stock Exchange (“SZSE”) for information disclosure.
Article 3 For the purposes of these Guidelines, “one-stop business for information disclosure” means the information disclosure method that listed companies directly submit the information and announcements to be disclosed to the designated disclosure media through the technical platform of the SZSE and the SZSE conducts ex post examination according to these Guidelines as well as other rules, detailed rules, guidelines, notices, measures and memorandums issued by the SZSE (hereinafter referred to as “other relevant provisions of the SZSE”).
Article 4 One-stop services for information disclosure is one of the methods of information disclosure by listed companies. Listed companies disclosing information by one-stop means (hereafter referred to as “one-stop disclosure”) shall comply with the relevant laws, administrative regulations, departmental rules, regulatory documents, these Guidelines and other relevant provisions of the SZSE, as well as the provisions of the bylaws on information disclosure.
Article 5 According to the relevant laws, administrative regulations, departmental rules and other relevant provisions of the SZSE, the SZSE shall conduct ex post form examination of the information disclosed by listed companies by one-stop means, without assuming any liability for the authenticity of the content.
Article 6 In the event of any mistake, omission or misleading content in the information disclosed by a listed company by one-stop means, the company shall, according to the relevant laws, administrative regulations, departmental rules, regulatory documents, these Guidelines and other relevant provisions of the SZSE, publish a supplementary announcement or correction announcement in a timely manner.
Chapter II Scope of One-stop Business for Information Disclosure
Articles 7 Except the listed companies whose annual information disclosure assessment results are D, companies listed on the SZSE shall disclose information by one-stop means, in principle.
Where a company falls under such circumstances seriously affecting its quality of information disclosure as unsound governance, weak internal control, various suspected violations of laws and regulations, widely questioning of its information disclosure on the market, and refusal to cooperate with supervision, the SZSE may remove it from the scope of entities qualified for one-stop business for information disclosure.
Article 8 The scope of announcement on the one-stop business for information disclosure shall be separately prescribed by the SZSE. SZSE may, according to the needs of business development, adjust the scope of announcement on a regular or irregular basis.
Article 9 A listing company conducting one-stop disclosure of an announcement set out in Article 8 of these Guidelines shall adopt the one-stop means. Where a single disclosure application of a listed company covers several announcements, the disclosure may be conducted by one-stop means only when each announcement complies with the provisions of Article 8 of these Guidelines.
Chapter III General Provisions on the Handling of the One-stop Business for Information Disclosure
Article 10 A listed company shall file an application for one-stop disclosure in the “Special Business Area for Listed Companies,” the “Special Business Area for SME Board,” or the “Special Business Area for ChiNext” on the technical platform of the SZSE for disclosure business on the trading day.
The technical platform of the SZSE shall automatically send the one-stop disclosure information to the designated media within the specific period:
(1) Where a listed company submits an announcement from 6:00-7:30 on the trading day and the expected disclosure date is the current day, the technical platform shall automatically send the relevant announcement to the designated website for disclosure at 7:30 on the current day.
(2) Where a listed company submits an announcement from 7:30-8:00 on the trading day and the expected disclosure date is the current day, the technical platform shall send the relevant announcement to the designated website for disclosure in a real-time manner.
(3) Where a listed company submits an announcement from 8:00-11:30 on the trading day and the expected disclosure date is the current day, the technical platform shall automatically send the relevant announcement to the designated website for disclosure at 11:30 on the current day.
(4) Where a listed company submits an announcement after 11:30 on the trading day, the technical platform shall automatically send the relevant announcement to the designated website for disclosure after 15:30 on the current day.
(5) Where a listed company submits an announcement from 12:00-16:00 on a single trading day or on the last day of consecutive non-trading days, and the expected disclosure date is the current day, the technical platform shall automatically send the relevant announcement to the designated website for disclosure after 16:00 on the current day.
The relevant aforesaid announcements shall be concurrently sent to other designated disclosure media.
The SZSE may, in light of the reality of the one-stop business, adjust the period of one-stop disclosure.
Article 11 A listed company handling one-stop disclosure in the special business area shall use the Digital Certificate of the SZSE (hereafter referred to as the “digital certificate”).
A listed company shall appropriately keep the Digital Certificate and password and assume the legal liability arising from the handling of business with the Digital Certificate that is deemed the act of the listed company.
Article 12 A listed company shall maintain the consistency between the information disclosed by one-stop means in the newspaper and that disclosed on the website. Where the requirements for the disclosure of the announcements on some business types in the designated newspaper are different from those for disclosure on the designated website, the listed company shall pay full attention thereto and take corresponding measures to meet the respective requirements.
Chapter IV Procedures of Handling the One-stop Business for Information Disclosure
Article 13 Where a listed company involves one-stop business for information disclosure, its board secretary shall prepare for announcement texts and reference documents in advance in accordance with the Listing Rules, the Formats of Interim Announcements of Listed Companies and other requirements, and handle the one-stop business for disclosure in accordance with the Guidelines for the One-stop Business for Information Disclosure by Listed Companies issued by the SZSE.
Article 14 The basic procedures for a listed company to file an application for one-stop disclosure through the special area of online business are as follows:
(1) The listing company shall confirm identity with the digital certificate and logs on the “Special Business Area for Listed Companies,” the “Special Business Area for SME Board,” or the “Special Business Area for ChiNext.”
(2) The listing company shall create an application for one-stop disclosure through the special business area on a trading day, a single non-trading day or the last day of the consecutive non-trading days. The listed company shall select and add the types of announcements, check the completeness of the recordation materials, examine whether the announcements satisfy the relevant requirements in contrast of the business focus of the types of announcements, and enter the business parameters. The listed company shall upload the documents to be disclosed and recordation documents.
(3) The listed company shall confirm and submit the application for information disclosure to the technical platform of the SZSE.
(4) If the application for information disclosure fails to meet the standards for one-stop disclosure, the information shall be disclosed after passing the pre-examination of the SZSE.
(5) If the application for information disclosure meets the standards for one-stop disclosure, the technical platform will remind the listed company of conducting internal review again to ensure the accuracy and completeness of the types of announcements, announcement documents, recordation documents and business parameters, among others.
(6) The technical platform of the SZSE shall automatically send the one-stop disclosure information that has passed the internal review of the listed company to the designated media within the prescribed period.
(7) The listed company shall confirm receipt with the designated media in a timely manner.
(8) The designated website shall publish the information immediately after receiving the one-stop disclosure information and the designated newspaper shall publish the information on following day after receiving the one-stop disclosure information.
(9) While the listed company publishes the information announcements on one-stop disclosure in the designated disclosure media, the technical platform of the SZSE shall automatically load the information announcements disclosed by one-stop means to the business supervision system of the company management department of the SZSE for ex post review.
Article 15 The listed company shall pay special attention to the selection of the types of announcements on one-stop disclosure, and ensure that the types of announcements selected are complete and integral, all sub-types of announcements involved in the events covered are selected correctly, and the types of announcements are selected completely, without replacing the types of one-stop announcements with the types of pre-examination announcements.
The listed company shall pay special attention to the entering of the business parameters involved in one-stop disclosure to ensure that the business parameters are entered accurately and completely. The accuracy and completeness of the selection of types of announcements and the entering of business parameters by a listed company shall be included in the indicators for examination of information disclosure.
Article 16 When the SZSE conducts ex post review of the one-stop disclosure information, the listed company shall actively cooperate with the supervision and administration of the SZSE, answer (or reply to) the inquires of the SZSE in a timely manner, and submit the supplementary materials, etc.
Chapter V Supplementary Provisions
Article 17 Listed companies and their relevant personnel that violate these Guidelines and other relevant provisions of the SZSE when handling one-stop business for information disclosure shall, according to the Listing Rules, the Detailed Implementation Rules of the Shenzhen Stock Exchange for Self-regulatory Supervision Measures and Disciplinary Actions and other relevant provisions, be subject to self-regulatory supervision measures or disciplinary actions.
Article 18 The power to interpret these Guidelines shall remain with the SZSE.
Article 19 These Guidelines shall come into force on March 23, 2018, upon which the Guidelines of the Shenzhen Stock Exchange for One-Stop Business for Information Disclosure by Listed Companies (2015 Revision, No. 231 [2015], SZSE) issued by the SZSE on May 26, 2015 shall be repealed.