The Shenzhen Stock Exchange recently issued a new guideline for the approval of issuing documents, which has had a great impact on retail-related businesses and express delivery services. The first-line supervision function of the stock exchange is being further implemented in the information disclosure of listed companies in sub-sectors. The Shenzhen Stock Exchange issued two Guidelines on Industry Information Disclosure of Listed Companies Engaged in Retail-related Business and Listed Companies Engaged in Express Service Business.

Five months ago, Shenzhen Stock Exchange issued guidelines for the civil engineering and construction industries. With the release of two new guidelines, Shenzhen Stock Exchange's requirements for listed companies' trust envelopes are constantly refined according to industry classification. According to the information disclosed by Shenzhen Stock Exchange, up to now, the main board and small and medium-sized board have issued information disclosure guidance projects for seven traditional industries, including livestock and poultry breeding, solid mineral resources, real estate, seed industry, planting, construction machinery, decoration and civil construction; GEM has successively released 11 emerging industries, including radio, film and television, medical biological products, photovoltaic industry chain, energy-saving and environmental protection services, online games and Internet service videos, e-commerce, Internet marketing information disclosure guidelines, LED industry chain and medical devices.

The relevant person in charge of Shenzhen Stock Exchange said that this is the latest measure for Shenzhen Stock Exchange to continuously improve the information disclosure system, consolidate the regulatory rules system for information disclosure in multi-level capital markets, and effectively improve the quality of market operation. According to the operating characteristics of listed companies in retail and express delivery services, the Information Disclosure Guidelines for Retail-related Business and Express Delivery Services issued this time standardize the information disclosure obligations of listed companies, financial information and non-financial information, industry characteristics and company business from two aspects, and strive to improve the quality of retail services in express delivery industry and the effectiveness and pertinence of information disclosure. Retail-related businesses of listed companies are characterized by diversified formats and scattered stores. In view of this, the Guidelines put forward clear requirements for information disclosure. On the one hand, listed companies are required to disclose the business model, format and changes of stores. On the other hand, the Guidelines strengthen the disclosure requirements of the company's store operation, and encourage listed companies to disclose the name, address, opening time, contract area, investment amount, main commodity categories, business format, business model and property rights of new stores.

at present, the express service industry is in a stage of rapid growth. Listed companies in this industry have the characteristics of diversified business models, great influence by service transportation networks, and high importance of safe business operation. Based on this, the Guidelines refine the requirements for disclosure of relevant information. First, the company is required to disclose the operating income of express delivery business every month to facilitate investors to understand the development of the company; Second, the company is required to disclose the situation of important franchised enterprises in detail according to the different business models of franchising and direct operation; Third, in order to facilitate investors to better understand the company's express service network, the company is required to disclose the express service network nodes, transportation network nodes and main means of transportation in detail in the annual report; Fourth, the guidelines also require companies to give risk tips on the special risks of the express delivery industry, especially the specific tips on the risks of safe operation.