COMPANIES with both A and B shares listed on the Shanghai stock exchange are expected to be told to announce company results to domestic and overseas investors simultaneously.
The results may be required to be prepared according to appropriate accounting principles.
For instance, figures presented to B shareholders would be prepared to international accounting standards, making it easier for overseas investors in mainland firms to evaluate results.
The plan is said to have been prompted by Shanghai-listed Shanghai Dazhong Taxi Co, which took the lead in releasing its results simultaneously in Shanghai and Hongkong at the weekend.
Shanghai Dazhong chairman Yang Quoping said the Shanghai stock exchange had resolved that every Shanghai-listed firm with A and B shares would be required to follow in the taxi company's footsteps.
No announcement of such a move has been made by the exchange.