Core Viewpoint - The China Securities Regulatory Commission (CSRC) announced the integration and revision of the disclosure content and format standards for public investment funds, aiming to enhance industry transparency and protect the rights of fund shareholders, thereby promoting high-quality development in the public fund sector [1]. Summary by Sections Revision Overview - The CSRC has restructured the disclosure framework for periodic reports, consolidating similar disclosure items across annual, semi-annual, and quarterly reports to create a unified and clear reporting system [2]. - Different disclosure focuses have been established for annual, semi-annual, and quarterly reports, with tailored information disclosure requirements based on the specific functions of each report [2]. - The revisions ensure alignment with higher-level regulations and industry practices, simplifying and adjusting certain disclosure requirements by referencing experiences from mature overseas markets [2]. - The fund industry association is authorized to develop extensible business reporting language (XBRL) templates based on the new standards, requiring fund managers to prepare and disclose periodic reports according to these templates [2].