中国证券监督管理委员会关于境内上市外资股（B股）发行上市过程中有关信息披露问题处理意见的通知 Circular of China Securities Regulatory Commission Concerning Opinions on Dealing with the Issue on Information Disclosure During the Listing of the Domestically Listed B-shares
颁布日期：19960717 实施日期：19960717 颁布单位：中国证券监督管理委员会
 No.1 of Department of International Business
July 17， 1996
Shanghai Securities Management Office， Shenzhen Securities Management Office， Shanghai Stock Exchange， Shenzhen Stock Exchange：
Recently， we met some problems on information disclosure during the course of examining and approving the listing of the B-shares. Hereby notify the relevant matters as follows：
1. According to Article 9 of the Rules for the Implementation of Information Disclosure of the Listed Company（for trial implementation） promulgated by China Securities Regulatory Commission in 1993， issuers shall work out the list announcement before listing. Financial data in the list announcement is valid for 180 days. According to Article 10 of the Rules mentioned-above， if it is not over 90 days from the end day of issuing to the first transaction day or the prospectus is still valid， the issuers could just work out the simplified list announcement， which shall include matters required in Article 34 of Regulations of Stocks， that is the Article 1， 2 and 3.
According to the Rules mentioned-above， the issuer of B-shares could just work out the simplified announcement in the conditions that if the data of finance and account is exceeding the 6-month or 180-day period of validity and it is no more than 90 days from the first transaction day to the end of issuing， at the same time， the matters omitted in the simplified announcement are no big changes during that period. The simplified listing announcement shall introduce the publishing date of the prospectus， the newspaper or periodicals as well as pages in which the prospectus is， but there is no requirement on the materials of financial and audit within the period of validity.
2. The issuer's listing announcement shall include all the requirements of the Acticle 34 of the Rules of Stocks. That is to say it shall include the materials of finance and accounting and the report of audit in the period of validity. If the finance and accounting materials exceed the period of validity before listing， at the same time it is more than 90 days from the last day to the first day of listing， issuer of B-share shall complement new materials of finance and audit. While adding new financial and audit data， the issuer of B-shares shall prepare the accounting statement according to the criterion of accounting， and shall audit the statement. There is no need to work out and to audit the statement and according to the norms of international accountants.
3. Because of the variation of the market， some of the financial and audit reports have expired. So， some issuers of B-shares ask China Securities Regulatory Commission for exemption. For handling of these problems， we will strictly abide by the Interim Regulations on Management of Issuing and Transacting Stocks， Provisions of the State Council on list of the Domestically Listed B-shares of Company Limited by Shares， and rules for the implementation of these Provisions. If there is no special reason， they cannot get exemption in principle.
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