金融消费者权益保护的一项重要内容是，充分保障其知情权与选择权。2025年12月25日，国家金融监督 管理总局正式对外发布《银行保险机构资产管理产品信息披露管理办法》（以下简称《办法》），立 足"同类业务、相同标准"，统一明确了资产管理信托产品、理财产品、保险资管产品的信息披露基本原 则、责任义务、共性内容及内部管理要求等。 为何强调信息披露？这要从资产管理产品"受人之托、代人理财"的本质讲起。投资者不论购买理财产品 还是公募基金产品，都是将自己的钱交给金融机构的专业人士，委托他们代替自己从事相关投资活动。 既然我把钱委托给你，我就有权知道自己的钱被投向了哪些领域、怎么投的、金融机构代理人是否尽职 等重要事项。投资者如何知晓？靠的是规范、有效的信息披露制度。 但各类金融机构的资产管理产品众多，如何制定信息披露标准？金融管理部门给出的思路是：同类业 务、相同标准。这相当于，大家既然参加同一个运动项目，就得遵守统一的规则，不能有的松、有的 紧，否则既不利于保障投资者合法权益，也不利于形成公平有序的市场竞争环境。此前，资产管理信托 产品、理财产品、保险资管产品三者均没有专门的信息披露监管制度，相关要求被分散在不同的制 ...

"穿透披露及要求被投产品管理人协助披露，是资管产品信息披露的关键突破。"邮储银行（601658）研 究员娄飞鹏表示，此举有助于治理多层嵌套下的风险隐匿，厘清资金真实投向，压实全链条信息披露责 任。 ● 本报记者吴杨 信息不对称是资管行业普遍存在的痛点，产品信息难找、收益披露模糊、底层资产不透明等问题，既影 响投资者决策，也制约行业高质量发展。近日，金融监管总局发布《银行保险机构资产管理产品信息披 露管理办法》，以"同类业务、相同标准"为核心原则，统一信托、理财、保险资管三类产品的信披规 则，将穿透披露明确写入监管要求，为资管行业划定信息透明的底线。 明确穿透披露要求 办法明确，对于投向其他适用《关于规范金融机构资产管理业务的指导意见》的产品的资产管理产品， 其信息披露义务人在按照办法规定进行穿透披露时，被投资产品(公开募集证券投资基金除外)的管理人 应当及时为穿透披露提供协助，提供真实、准确、完整的信息。 定期信披要求严格 除穿透披露外，办法聚焦投资者"找报告难、查信息难"痛点，进一步细化定期披露规则，让信披要求更 具可操作性。 办法明确规定，公募产品应当于每个季度结束之日起十五个工作日内披露产品的季度报告， ...

Core Points - The company has established an information disclosure system to ensure compliance with relevant laws and regulations, protecting the rights of the company and its shareholders [1][2][3] - The information disclosure system includes regular reports and temporary reports, which must be disclosed in a timely, accurate, and complete manner [1][4][5] Regular Reports - The company is required to disclose semi-annual reports within two months after the end of the first half of the fiscal year and quarterly reports within one month after the end of each fiscal quarter [1][2] - If the company anticipates delays in disclosing regular reports, it must promptly inform the Shenzhen Stock Exchange and provide reasons and solutions for the delay [2][3] Temporary Reports - Temporary reports must be issued by the company's board of directors and include significant events that may impact the company's stock price [8][9] - The company must disclose major events as they occur, including any significant changes or developments related to previously disclosed events [9][10] Responsibilities and Management - The board secretary is responsible for coordinating and organizing the company's information disclosure activities, ensuring timely and accurate reporting [10][11] - All departments and subsidiaries must report significant events to the board secretary immediately upon knowledge of such events [12][15] Audit and Compliance - Financial information in regular reports must be audited, and any non-standard audit opinions must be disclosed along with detailed explanations [6][7] - The company must correct any discrepancies in financial reports and disclose the corrected information promptly [7][8] Confidentiality and Penalties - Individuals with insider information must maintain confidentiality, and any breaches may result in penalties or legal consequences [16][17] - The company will impose penalties on departments or individuals responsible for failing to comply with the information disclosure system [17]

Group 1 - The article discusses the historical significance of the "Buttonwood Agreement" signed in 1792, which laid the foundation for the New York Stock Exchange (NYSE) and marked the transition from chaotic street trading to a structured financial market [1][4][6] - The agreement was a response to market manipulation and instability, particularly following the financial crisis caused by William Duer's failed attempt to monopolize bank stocks, which led to widespread bankruptcies [4][6] - The NYSE evolved from informal trading among brokers to a formal organization, establishing rules and a membership system that enhanced trading efficiency and credibility [6][8] Group 2 - The establishment of the New York Stock and Exchange Board in 1817 marked a significant step towards institutionalization and regulation of the trading environment, coinciding with the rise of New York as a financial center [9][10] - The NYSE faced challenges such as market manipulation and fraud, exemplified by the actions of Jay Gould and Jim Fisk in the late 1860s, which ultimately led to regulatory reforms [9][10] - The introduction of self-regulatory measures, such as a blacklist for defaulters and IPO review mechanisms, contributed to the NYSE's development and the establishment of a more organized trading environment [10][11] Group 3 - The article highlights the impact of major financial crises, including the Great Depression and the 2008 financial crisis, which prompted significant regulatory reforms and the establishment of the Securities and Exchange Commission (SEC) [13][19] - The evolution of technology in trading, from paper-based systems to electronic trading, has transformed the market landscape, particularly following the "paper crisis" of the 1960s [11][19] - The NYSE's history reflects a continuous cycle of market enthusiasm, panic, and recovery, driven by the pursuit of efficiency and trust among market participants [19]

General Principles - The company establishes an information disclosure management system to regulate the disclosure behavior of the company and related parties, ensuring the protection of the company's and investors' legal rights [1][2] - Information disclosure must be truthful, accurate, complete, timely, and fair, with the board of directors and senior management held accountable for the disclosure's integrity [1][2] Disclosure Obligations - The company and related parties must fulfill their disclosure obligations promptly and in accordance with laws and regulations, ensuring that disclosed information is clear and free from misleading statements [2][3] - All investors must have equal access to disclosed information, and selective disclosure is prohibited [2][3] Types of Reports - The company is required to disclose periodic reports, including annual and interim reports, as well as temporary reports for significant events [4][5] - Annual reports must be disclosed within four months after the fiscal year-end, while interim reports must be disclosed within two months after the first half of the fiscal year [4][5] Responsibilities of Disclosure Obligors - The board of directors is responsible for managing the company's information disclosure affairs, ensuring the accuracy and completeness of disclosed information [6][7] - The audit committee supervises the implementation of the information disclosure system and reviews periodic reports for compliance with legal requirements [7][8] Temporary Reports - The company must issue temporary reports for significant events that could materially affect the trading price of its securities, with immediate disclosure required when such events occur [28][29] - Significant events include major financial losses, changes in control, or legal actions against the company [29][30] Internal Controls and Compliance - The company must establish internal controls to ensure the authenticity and accuracy of financial information disclosed [22][23] - Any violations of the disclosure system may result in disciplinary actions against responsible individuals [21][22]

General Principles - The purpose of the information disclosure management system is to enhance the management level and quality of information disclosure, protecting investors' legal rights [2][3] - The system is established by the board of directors, which is responsible for ensuring its effective implementation [2][3] - Information disclosure must be timely, truthful, accurate, complete, and clear, without any false records or misleading statements [2][3] Responsibilities - The board of directors and senior management must diligently fulfill their duties to ensure the authenticity and completeness of disclosed information [3][6] - The information disclosure obligations must be fulfilled simultaneously to all investors, without prior disclosure to any individual or entity [3][4] - The board secretary is responsible for coordinating and organizing the implementation of the information disclosure management system [8][9] Disclosure Standards - Regular reports for A shares include annual reports, semi-annual reports, and quarterly reports, which must be disclosed within specified timeframes [12][13] - H shares must disclose interim performance announcements, interim reports, annual performance announcements, and annual reports within set deadlines [12][13] - Information that may significantly impact the company's core competitiveness and future development must be fully disclosed [23][24] Temporary Reports - Temporary reports are required for significant events that may impact the company's stock price, and must be disclosed immediately [27][29] - The company must disclose any major events that occur, including changes in shareholding or significant financial issues [29][30] Internal Control and Supervision - The company must establish and execute internal control systems for financial management and accounting in accordance with national laws and regulations [67][68] - Internal audit personnel are responsible for supervising the execution of financial management and accounting systems [69] Confidentiality Measures - Directors, senior management, and insiders must strictly adhere to confidentiality responsibilities and cannot disclose insider information [60][61] - The company must ensure that any communication regarding significant matters is conducted with minimal disclosure to maintain confidentiality [62][63] Communication with Stakeholders - The board secretary is responsible for managing investor relations and ensuring fair communication with investors, securities service institutions, and the media [64][65] - The company must respond promptly to inquiries regarding abnormal stock price fluctuations and ensure compliance with disclosure obligations [66]

Core Viewpoint - The document outlines the information disclosure management system of Shenzhen Demingli Technology Co., Ltd, emphasizing the importance of timely, accurate, and complete disclosure of information to protect shareholders' rights and comply with relevant laws and regulations [1][2][3]. Group 1: General Principles - The company aims to standardize information disclosure practices and enhance management to ensure compliance with laws such as the Company Law and Securities Law [1][2]. - Information disclosure obligations must be fulfilled promptly and accurately, ensuring that all investors receive the same information simultaneously [2][3]. Group 2: Disclosure Principles - Information disclosure should adhere to principles of truthfulness, accuracy, completeness, timeliness, and fairness [3][4]. - The company must ensure that disclosed information is based on objective facts and is free from misleading statements [4][5]. Group 3: Disclosure Procedures - The company must disclose information through designated media and ensure that all disclosures are available for public inspection [5][6]. - The board of directors is responsible for ensuring timely disclosure of periodic reports, which must be audited and approved [8][9]. Group 4: Responsibilities and Management - The board of directors and senior management are accountable for the accuracy and completeness of disclosed information [19][20]. - The board secretary plays a crucial role in coordinating disclosure activities and ensuring compliance with regulations [20][21]. Group 5: Confidentiality and Exceptions - The company has established a system for managing insider information and must maintain confidentiality until such information is publicly disclosed [25][26]. - Disclosure may be temporarily or permanently exempted if it involves state secrets or could harm the company's interests [31][32].

Core Points - The document outlines the internal reporting system for significant information at Suning Universal Co., Ltd, ensuring timely and accurate disclosure to protect investors' rights [2][3] - The system mandates that any major events affecting stock prices must be reported to the chairman and board secretary on the same day [2][3] - The document specifies the responsibilities of various stakeholders, including board members, senior management, and major shareholders, in reporting significant information [3][4] Group 1: Reporting Obligations - Significant information includes major meetings, transactions, and events that could impact the company's stock price [8][9] - Shareholders holding more than 5% of shares must also report any significant changes related to the company [3][10] - The reporting obligations extend to all departments, subsidiaries, and major stakeholders within the company [2][3] Group 2: Types of Major Information - Major transactions must be reported if they exceed 10% of the company's total assets or involve significant amounts [10][11] - Related party transactions must be reported prior to occurrence if they meet certain thresholds [11][12] - The document outlines specific scenarios that require immediate reporting, such as financial losses, legal issues, or significant operational changes [12][13] Group 3: Confidentiality and Compliance - All individuals with access to undisclosed information must maintain confidentiality until the information is publicly disclosed [17][18] - The document emphasizes the importance of compliance with reporting obligations to avoid penalties and ensure accurate information dissemination [18][19] - The board secretary is responsible for overseeing the internal reporting process and ensuring compliance with regulations [14][15]

Core Viewpoint - The document outlines the information disclosure system of Jiangsu Zhenjiang New Energy Equipment Co., Ltd., emphasizing the importance of timely, accurate, and complete information disclosure to protect the rights of shareholders and other stakeholders [1][2]. Group 1: General Principles - The information disclosure system is established to enhance the quality of information disclosure and ensure compliance with relevant laws and regulations [1][2]. - The system applies to the company, its subsidiaries, and certain shareholders [2]. - Information disclosure obligations are defined for various parties, including directors, senior management, and shareholders [2][3]. Group 2: Disclosure Principles - Information must be disclosed in a manner that is fair and equitable to all shareholders, prohibiting selective disclosure [3][4]. - The language used in disclosures should be clear, concise, and free from misleading statements [4][5]. Group 3: Reporting Requirements - The company is required to disclose periodic reports, including annual, semi-annual, and quarterly reports, within specified timeframes [6][7]. - Annual reports must include key financial data, stock issuance details, and shareholder information [18][19]. - The company must disclose any significant events that could impact stock prices or investor decisions [10][11]. Group 4: Temporary Reports - Temporary reports must be issued for significant events that could affect the company's securities trading prices [26][27]. - The company must disclose any changes in major shareholders or significant operational events promptly [20][21]. Group 5: Disclosure Procedures - The procedures for disclosing periodic and temporary reports are clearly defined, requiring internal reviews and approvals before submission [52][53]. - The company must ensure that all disclosed information is consistent across different platforms and media [5][22]. Group 6: Confidentiality and Penalties - The document emphasizes the importance of confidentiality regarding undisclosed information and outlines penalties for breaches of disclosure obligations [65][66]. - Individuals involved in the disclosure process are required to maintain confidentiality and are subject to disciplinary actions for violations [70][71].

General Provisions - The company establishes an information disclosure management system to regulate its information disclosure practices, ensuring compliance with relevant laws and regulations, and protecting the rights of investors [1][2] - Information disclosure refers to the timely and fair release of significant information that may impact the trading price of the company's stock or investment decisions, through designated media and in accordance with regulatory requirements [4][5] Information Disclosure Obligations - The company and relevant parties must disclose information that is true, accurate, and complete, without any false records or misleading statements [3][6] - The company must disclose significant events that may affect stock trading prices or investment decisions, even if they do not meet specific disclosure standards [6][7] Disclosure Content and Format - The company is required to disclose periodic reports, including quarterly, semi-annual, and annual reports, as well as temporary reports for significant events [13][16] - The company must ensure that disclosed information is clear, concise, and free from excessive jargon, and that any discrepancies between different language versions are resolved in favor of the Chinese text [11][12] Major Events and Transactions - The company must disclose major events that could significantly impact its stock price, including changes in business strategy, major investments, and significant losses [26][27] - Transactions that exceed certain thresholds, such as 10% of total assets or market value, must be disclosed promptly [31][32] Industry Information Disclosure - The company should proactively disclose industry information that may significantly affect stock trading prices or investor decisions, including industry characteristics and competitive advantages [41][42] - Any significant changes in industry conditions or the company's business operations must be disclosed in a timely manner [43][44]