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Notice of the State owned Assets Supervision and Administration Commission of the State Council and the Ministry of Finance on the Implementation of XBRL Extended Classification Standard for 2015 Financial Supervision Statements of the State owned Assets Supervision and Administration Commission

Issued by: State owned Assets Supervision and Administration Commission of the State Council, Ministry of Finance
Document No.: GZFCG [2017] No. 26
Issued on: 2017-02-14
Implementation time: 2017-02-14
Timeliness: Currently valid
Level of effectiveness: Departmental normative documents

Notice of the State owned Assets Supervision and Administration Commission of the State Council and the Ministry of Finance on the Implementation of XBRL Extended Classification Standards for 2015 Financial Supervision Statements of the State owned Assets Supervision and Administration Commission
(GZFCG [2017] No. 26)
All central enterprises, all provinces, autonomous regions, municipalities directly under the Central Government, cities specifically designated in the state plan and the State owned Assets Supervision and Administration Commission of the XX Corps:
In order to promote enterprises to continuously improve the informatization of financial management and the standardization of accounting information, promote the implementation of the general classification standard of the Accounting Standards for Business Enterprises, and improve the efficiency of enterprise management, the SASAC, according to the 2015 version of the general classification standard of the Accounting Standards for Business Enterprises issued by the Ministry of Finance and the 2015 annual financial statements of the SASAC, We have organized and formulated the 2015 version of the expanded classification standard of XBRL for financial supervision statements of the State owned Assets Supervision and Administration Commission (SASAC) (hereinafter referred to as the expanded classification standard), which is hereby printed and distributed, and the relevant matters and work requirements are notified as follows:
1、 Raise awareness and strengthen organizational leadership. The implementation of extended classification standards is of great significance in promoting the informatization of financial management and standardization of accounting information, deepening the analysis and application of financial final accounts, and improving the level of enterprise management. All central enterprises should attach great importance to, seriously study the concept and development direction of XBRL, actively explore the application of XBRL technology in enterprise management and other aspects, and deeply tap the endogenous power of expanding the implementation of classification standards. All pilot enterprises should earnestly strengthen organizational leadership, implement work responsibilities, evaluate implementation methods, refine work objectives, optimize division of labor and processes, timely summarize pilot work experience and problems, and promote the in-depth implementation of standards.
2、 Deepen application and accelerate technology integration. The implementation of extended classification standards is an effective way for enterprises to solve data exchange, optimize reporting processes, carry out benchmarking analysis, standardize information management and other work. All pilot enterprises should deeply carry out the application of extended classification standards, embed XBRL technology and extended classification standards into the reporting system, and achieve fast generation of XBRL instance documents and accurate submission of various reports; Actively practice benchmarking management, and use XBRL technical means to conduct benchmarking analysis on various XBRL instance documents that can be publicly obtained in the society, such as XBRL instance documents of some enterprises shared by the Ministry of Finance, and XBRL instance documents of listed companies published by the U.S. Securities and Exchange Commission; In combination with big data development technologies and trends, explore, research and develop various business expansion classification standards applicable to the enterprise but not limited to the financial category, and strive to achieve the integration and maximum utilization of various types of information of the enterprise.
3、 Standardize the preparation and complete the submission on time. This year, the report is mainly submitted by pilot enterprises (see Annex 1 for the list of enterprises), and the implementation subjects are enterprise group merger level, secondary subsidiaries and listed companies. All implementing entities shall, in accordance with the relevant requirements of the XBRL technical specification series of national standards and the general classification standard of the Accounting Standards for Business Enterprises, strictly follow the extended classification standard and its guidelines and reporting rules, and standardize the preparation of the 2015 version of the extended classification standard instance document. The pilot enterprise shall formally submit the verified version 2015 extended classification standard instance document to the SASAC before June 30, 2017, including a full set of electronic documents of financial statements in XBRL format (including the main accounting schedule and the statement of financial situation), notes to the financial statements, special instructions to the financial statements, and so on. Encourage qualified pilot enterprises to explore full level implementation, and encourage non pilot central enterprises and local state-owned enterprises to actively participate.
The namespace of the 2015 version of the extended classification standard is http://xbrl.sasac.gov.cn/taxonomy/2015-12-31/cas/financialsupervision. Please log on to the website of the State owned Assets Supervision and Administration Commission (http://www.sasac.gov.cn) and download the electronic file package and supporting software from the sub column of the "Financial Supervision and Administration Bureau". If the implementing enterprises have any questions or find problems during the implementation of the standards, please contact the SASAC (Financial Supervision Bureau) in a timely manner.
Contact: Qiu Peng, Financial Supervision Bureau of SASAC
Tel.: 010-63193893
mail box: qiupeng@sasac.gov.cn
enclosure:
1. List of pilot enterprises
2. Guidelines for XBRL Extended Classification Standard of Financial Supervision Report of SASAC
3. List of XBRL Extended Classification Standard Elements of Financial Supervision Report of SASAC
4. Rules for XBRL Extended Classification Standard Preparation of Financial Supervision Report of SASAC
Ministry of Finance of SASAC
February 14, 2017
XBRL Extended Classification Standard for 2015 SASAC Financial Supervision Report (including files to be loaded)
XBRL Extended Classification Standard of 2015 SASAC Financial Supervision Report
Annex 1
List of pilot enterprises
China Shipbuilding Industry Corporation
China National Petroleum Corporation
China Petrochemical Corporation
China National Offshore Oil Corporation
State Grid Corporation of China
China Huaneng Group Corporation
China Guodian Corporation
China United Network Communications Group Co., Ltd
China Mobile Communications Corporation
China Baowu Iron and Steel Group Co., Ltd
Aluminum Corporation of China
Aviation Corporation of China
China Eastern Airlines
China Southern Airlines
Sinochem Corporation
National Development and Investment Corporation
China Aviation Equipment Group Corporation
China Agricultural Development Group Corporation

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