SAIC mandates broader disclosure by companies

Official says new regulation aims to improve public access to information

A regulation mandating expanded corporate disclosure will take effect on Oct 1, the top official of the State Administration for Industry and Commerce said on Tuesday.

The rule, enacted on Aug 7, is an important step in the reform of the commercial registration system and a basic step to improve the regulation of companies and public access to corporate information, Zhang Mao, head of the SAIC, told reporters in Beijing.