The Shenzhen Stock Exchange (SZSE) formally released the "XBRL Application Demonstration" recently, which provided investors with the XBRL-instance-document-based WEB analysis tool (For details, please refer to the "XBRL Application Demonstration" column on the SZSE's website ).With the tool, processors and users of listed-company information, including listed companies, supervision authorities, exchanges, accounting firms, investors, research institutions and securities information service providers, can not only acquire the financial data and instance documents of 39 SZSE constituent index listed companies in the past 5 years in a more cost-effective manner, but also realize generation, extraction, analysis, exchange and sharing of information. Moreover, they can also display directly and clearly the generated information via friendly graphic interfaces.

As a newborn technology, XBRL has been gradually applied worldwide in the accounting field. Through standardized financial indicators and enhanced analysis tools, it avoids the risk of manual data collection and reduces the data collection cost. Therefore, it has greatly improved the accuracy and circulation efficiency of information disclosure as well as the efficiency of report compilation, thus providing a more extensive comparability for the financial data, further facilitating investors' comprehension of listed-company information and realizing information sharing and inter-operation.

With a large number of in-depth researches on XBRL in recent years, the SZSE is the first institution in the world to propose the application of XBRL technology in the information disclosure of listed companies, arousing significant responses of the industry. Marking a substantial breakthrough in the practical application of XBRL by the SZSE, the release of the "XBRL Application Demonstration" will further promote and speed up the digitalization and standardization in the whole process of the information disclosure of listed companies on the SZSE and provide investors with more timely, abundant and diversified information.