Need for unified financial data model
By Zhu Shenshen |
May 29, 2012, Tuesday
|
Print Edition
Print Edition
CHINA'S securities regulator plans to unveil a new unified national data standard for domestically-listed financial information service providers that will allow investors access to key data such as earnings forecasts and price-to-earnings ratio.
Currently such financial information can come from almost a dozen organizations, including Shanghai Wind Information, Dazhihui and Gaotime.
"We need a unified and new standard for the information to better serve investors," Zhu Shushan, a China Securities Regulatory Commission official who is in charge of establishing a new organization for stock statistics and monitor center under the CSRC, said yesterday in Shanghai.
Although no date has been set for its opening, Zhu said setting up the center will also regulate the stock and futures markets better.
For example, the PE ratio of one company is totally different among various service providers because of different calculation methods. This create confusion among investors who may make the wrong decisions, Zhu said.
Currently such financial information can come from almost a dozen organizations, including Shanghai Wind Information, Dazhihui and Gaotime.
"We need a unified and new standard for the information to better serve investors," Zhu Shushan, a China Securities Regulatory Commission official who is in charge of establishing a new organization for stock statistics and monitor center under the CSRC, said yesterday in Shanghai.
Although no date has been set for its opening, Zhu said setting up the center will also regulate the stock and futures markets better.
For example, the PE ratio of one company is totally different among various service providers because of different calculation methods. This create confusion among investors who may make the wrong decisions, Zhu said.
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