On February 13, 2008, the XBRL-based China Financial Listed Company Information Disclosure Taxonomy formulated by the Shanghai Stock Exchange (SSE) was "Acknowledged" by the XBRL International. The acknowledgement information has been released on the official website of the XBRL International (). All the technical documents of the taxonomy have been published on the SSE website of xbrl-cn.org to the public for wider application.
Through its official website (), the SSE has provided the periodical reports of SSE-listed companies in XBRL format. By the software tool on the website, market participants can obtain the first-hand formatted information disclosed by listed companies in periodical reports and conduct online multi-dimensional analysis. The SSE's XBRL technologies have entered the application phase, taking a leading role in the world.
According to experts, the specific marking and taxonomy of the XBRL instance documents towards the financial data of listed companies have facilitated the information processing and statistical analysis, making possible such applications as cross-platform utilization, multi-format output, quick and accurate searching and data tracking. The comprehensive promotion of XBRL instance documents in the information disclosure of listed companies will enable the processors and users of listed-company information, including listed company supervision authorities, accounting firms, investors, research institutions and securities information service providers, to realize generation, extraction, analysis, exchange and sharing of information in a more cost-effective manner. |