特朗普拿中国举例呼吁取消上市公司季报，但他找错了例子

Core Viewpoint - The proposal to allow U.S. companies to disclose earnings every six months instead of quarterly is seen as a significant shift that could reduce operational costs and encourage long-term strategic focus over short-term profit maximization [1][2]. Group 1: Arguments for Reducing Reporting Frequency - Proponents argue that quarterly earnings guidance leads to short-termism, harming long-term growth and sustainability [1][2]. - Notable figures in the business community, including Warren Buffett and the CEO of JPMorgan, have expressed concerns that quarterly reporting encourages a focus on immediate profits at the expense of long-term strategies [1]. - The SEC is considering this proposal to alleviate unnecessary regulatory burdens on companies [1]. Group 2: Counterarguments and Concerns - Critics, including investment professionals, argue that reducing reporting frequency could decrease market efficiency and transparency, potentially leading to information asymmetry among investors [2][5]. - A survey by CFA Institute revealed that 59% of global members disagreed with reducing reporting frequency due to concerns over potential information leaks and market fairness [2]. - Concerns were raised that eliminating quarterly reports could exacerbate information asymmetry, particularly affecting small investors who may lack access to timely information [6]. Group 3: Perspectives from China - The discussion around quarterly reporting has also drawn comparisons to China, where many companies still disclose quarterly earnings, suggesting that the reporting frequency is not a barrier to long-term planning [3][4]. - Some Chinese experts argue that the current system's lack of audit requirements for quarterly reports undermines their credibility, advocating for a reform that enhances the quality of financial disclosures rather than eliminating them [4][5]. - The focus should be on improving investor protection mechanisms and enhancing the quality of disclosures rather than simply reducing the frequency of reports [6].