IN BRIEF (Page 14)
China Daily | Updated: 2008-12-30 07:55
Holdings to be disclosed
China for the first time ordered publicly traded companies to disclose their foreign currency holdings as volatility in financial markets increases.
Companies listed on the mainland's two exchanges must show their derivatives and assets denominated in foreign currencies in annual reports, the China Securities Regulatory Commission said yesterday. Those that don't hold any must also mention that in their reports, the regulator said in the statement.
Photo