Shanghai to evaluate company info disclosure

Company information disclosure will be evaluated by the Shanghai Stock Exchange, according to a circular posted on its official website on Monday.

The circular said SSE will evaluate information under certain categories, including authenticity, precision, how complete they are, promptness, and fairness.

The exchange will release its opinion as a regulator for refinancing applications, mergers and acquisitions, the circular said.

The China Securities Regulatory Commission punished companies that broke regulations concerning information disclosure in early 2013.

In March, Yao Gang, deputy head of CSRC said securities regulators will focus on regulating information disclosure when reforming the issuance examination system.