Reasons for the Difference of Information Disclosure between Listed Companies in Hong Kong Stock Exchange and Shenzhen Stock Exchange

The difference of information disclosure between listed companies in Hong Kong Stock Exchange and Shenzhen Stock Exchange: the disclosure of periodic reports of listed companies. According to the regulations, Hong Kong stock main board companies only need to publish semi-annual reports and annual reports, and quarterly reports will be disclosed voluntarily; GEM companies need to disclose annual, semi-annual and quarterly reports, and compare the business objectives listed in the listing documents with the business performance after listing every six months within two years. Companies listed on Shenzhen Stock Exchange must publish quarterly, semi-annual and annual reports.