Improvements urged on disclosure quality

The chairman of the securities regulator hopes Hong Kong-listed companies will disclose more relevant details in their corporate announcements more promptly, so as to match the best international practices.

Carlson Tong Ka-shing, chairman of the Securities and Futures Commission, said listed companies needed to make more of an effort to disclose meaningful price-sensitive information, although they had improved a lot after a new disclosure law took effect on January 1.

via Business feed http://www.scmp.com/business/banking-finance/article/1157771/improvements-urged-disclosure-quality