The Shanghai Stock Exchange (SSE) has stepped up its regulatory technology for listed companies as part of a move to improve the technology used on the exchange.
In the context of more and more listed companies and increasingly intensified regulatory complexity, traditional regulatory methods have found it difficult to meet existing demand, reveals the SSE in a statement.
‘Breaking through the bottlenecks and innovating in regulatory methods through technological means can solve the problem of insufficient regulatory resources and improve the efficiency of the regulatory work,’ notes the statement.
The SSE says it will further increase coverage of early warnings for financial indicators in annual reports and improve the accuracy of the system’s risk warnings based on an analysis and summary of typical cases in the past.
‘We will improve the display and collection of the information for regulated companies, regulatory teams, SSE-listed companies and even the entire market,’ says the exchange.
‘We will give further play to the role of technology, improve the database and algorithm, strengthen intelligent functions such as Big Data operations, machine learning and semantic analysis, and enhance the ability to discover, analyze clues and issue early warnings.
‘We will continue to deepen the integration of artificial regulation and [regulatory technology] and strive to realize more regulatory assistance functions, so as to improve the real-time degree and effectiveness of regulation.’
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