In May 2000, the Stock Exchange of Hong Kong announced amendments to the Listing Rules for the Main Board with regard to financial disclosure provisions. These amendments will create a significant impact for all listed companies, many of whom may not be fully aware of the implication of the amendments and many of whom are also likely to struggle in complying with the new financial disclosures provisions.
The principal amendments introduced by the Stock Exchange of Hong Kong Limited include
Interim results
Revised minimum disclosures in the interim announcements
The challenge that many listed companies face is whether the information required for disclosure is readily available from their current accounting and reporting system. Potentially,...
