China Securities Regulatory Commission issues unified periodic reporting disclosure standard for publicly offered securities investment funds effective 1 May 2026

The China Securities Regulatory Commission (CSRC) has consolidated and revised the existing content and format standards for securities investment fund annual, semi-annual and quarterly reports into a single rule, renamed the Public Offering Securities Investment Fund Information Disclosure Content and Format Standards No. 2 – Content and Format of Periodic Reports. The new standard takes effect from 1 May 2026 and is positioned as part of implementing the action plan to promote high-quality development of the public fund sector, strengthening unitholder protection and improving transparency. The standard contains three chapters and 36 articles. It integrates overlapping disclosure items across annual, interim and quarterly reports, introduces differentiated disclosure requirements reflecting the distinct functions of each report type, and simplifies or adjusts certain disclosure requirements in line with higher-level regulatory requirements, industry practice and experience from mature overseas markets. It also specifies that the fund industry association will develop eXtensible Business Reporting Language (XBRL) templates based on the standard and information disclosure activity; CSRC noted that it had previously consulted publicly on the draft and revised the final text after reviewing and incorporating feedback. CSRC indicated it will proceed with implementation work for the new standard.