FIRMS offering China B shares should aim for full disclosure in accounting figures, lower issue prices and improve operations if they hope to attract investors, says a sector analyst. Standard Chartered Asia assistant director Michael Ning yesterday said improper disclosure of accounting results by companies was deterring overseas investment in B share market. He cited as an example mainland company delays in producing accounts audited according to international accounting standards. He said difficulties were associated with the delay because A shareholders would be notified of the results during a company's annual general meeting (AGM). It was only after results had been approved at the AGM that the company would hire international accountancy firms to produce audited accounts. He said most B shares issued in Shanghai last year had been offered at too high a price, and suggested that lowering the price would attract investors. He added that despite recent criticism, the mainland's securities market was promising. He said the Shenzhen and Shanghai exchanges, underpinned by the booming economies of Guangdong and the Yangtze estuary respectively, had great potential.