Inquiry letters refer to when the Shanghai Stock Exchange and Shenzhen Stock Exchange find problems that do not meet the "direct supervision standards" (generally manifested as inaccurate or incomplete information disclosure) during the review of relevant announcements of listed companies. , will issue inquiry letters regarding financial reports, mergers and acquisitions, related transactions, abnormal stock fluctuations and social hot topics reported by the media, detailing the specific terms of relevant regulatory rules, and requiring listed companies to combine the listed terms with their own behavior Provide explanations, supplementary disclosures and error corrections within the specified time, or require the listed company's legal advisors and financial advisors to express targeted opinions. Regardless of whether it is sending a letter or replying to a letter, the exchange requires listed companies to make public disclosures in a timely manner. If the listed company still has problems with inaccurate or incomplete information disclosure, the exchange will issue a second inquiry letter or even a third inquiry letter. The form of supervision with inquiry letters as the carrier is an important means for my country's stock exchanges to conduct daily supervision of listed companies.
The widespread adoption of the inquiry letter system stems from the information disclosure through-train reform in 2013. After the reform, the focus of the exchange's supervision of the financial reports of listed companies shifted from ex-ante supervision to ex-post supervision. The inquiry letter is an ex-post supervision. One of the main ways of supervision. Obviously, the inquiry letter is an important way to increase information disclosure. Its timely and professional nature allows us to not only understand the content and intensity of the exchange's supervision of listed companies, but also analyze and evaluate relevant listed companies. Corporate governance capabilities and potential risks will also have an impact on the decision-making of stakeholders.
CnOpenData platform's A-share listed company exchange inquiry letter database covers inquiry letters from the Shanghai Stock Exchange, as well as inquiry letters and responses from the Shenzhen Stock Exchange, providing a data basis for case analysis and large-sample empirical research.
Time interval
All data before 2021.10.31
Field display
A-share listed company Shanghai Stock Exchange inquiry letter fields
| A-share listed company Shanghai Stock Exchange inquiry letter fields | Description |
|---|---|
| Company code | The stock code of the company being inquired |
| Company abbreviation | Abbreviation of the company being inquired |
| Date of sending letter | Date of sending inquiry letter |
| Types of regulatory inquiries | Types of regulatory inquiries |
| Title | Title of inquiry letter |
| Document name | Specific PDF name of the inquiry letter |
A-share listed company Shenzhen Stock Exchange inquiry letter fields
| A-share listed company Shenzhen Stock Exchange inquiry letter fields | Description |
|---|---|
| gsdm | The stock code of the company being inquired |
| gsjc | Abbreviation of the company being questioned |
| fhrq | Date of sending inquiry letter |
| ck | Specific PDF name of the inquiry letter |
| hfck | Specific PDF name of reply to inquiry letter |
Sample data
Sample data of inquiry letters from A-share listed companies on the Shanghai Stock Exchange
| Company Code | Company abbreviation | Date of sending letter | Types of regulatory inquiries | Title | Document name |
|---|---|---|---|---|---|
| 600828 | Maoye Business | 2020-01-02 | Inquiry letter | Inquiry letter about Maoye Commercial Co., Ltd. | 8137872942204335.pdf |
| 600146 | Shangying Global | 2019-12-31 | Inquiry letter | Inquiry letter regarding matters related to asset disposal and donation of Shangying Global Co., Ltd. | 8137872942044733.pdf |
| 600966 | Bohui Paper | 2019-12-31 | Inquiry letter | Inquiry letter regarding the change of control of Shandong Bohui Paper Co., Ltd. | 8137872941990573.pdf |
| 600246 | Wantong Real Estate | 2019-12-31 | Inquiry letter | Inquiry letter about Beijing Wantong Real Estate Co., Ltd. | 8137872941955660.pdf |
| 600515 | Hainan Airlines Basics | 2019-12-30 | Inquiry letter | Inquiry letter about HNA Infrastructure Investment Group Co., Ltd. | 8137872941850898.pdf |
| 603555 | Guirenniao | 2019-12-30 | Inquiry letter | Inquiry letter about Guirenniao Co., Ltd. | 8137872941850006.pdf |
| 603335 | Dishengli | 2019-12-30 | Inquiry letter | Inquiry letter regarding the transfer of part of the equity of a wholly-owned subsidiary of Guangdong Dishengli Auto Parts Co., Ltd. | 8137872941847613.pdf |
| 603356 | Valin Seiko | 2019-12-30 | Inquiry letter | Inquiry letter about Xuancheng Valin Precision Technology Co., Ltd. | 8137872941846178.pdf |
| 601028 | Yulong Shares | 2019-12-26 | Inquiry letter | Inquiry letter regarding matters related to the transfer of debts of Jiangsu Yulong Steel Pipe Co., Ltd. | 8137811857535715.pdf |
| 600677 | Aerospace communications | 2019-12-25 | Inquiry letter | Inquiry letter regarding matters related to the guarantee performance of Smart Shanghai Pai by Aerospace Communications Holding Group Co., Ltd. | 8137811857398641.pdf |
| 600067 | Guancheng Chase | 2019-12-25 | Inquiry letter | Inquiry letter about Guancheng Datong Co., Ltd. | 8137811857387430.pdf |
| 600671 | Tianmu Pharmaceutical | 2019-12-24 | Inquiry letter | Inquiry letter about Hangzhou Tianmushan Pharmaceutical Co., Ltd. | 8137811857251741.pdf |
| 600393 | Yuetai Shares | 2019-12-23 | Inquiry letter | Inquiry letter regarding related transactions of Guangzhou Yuetai Group Co., Ltd. | 8137811857108904.pdf |
| 603766 | Loncin General | 2019-12-23 | Inquiry letter | Inquiry letter about Loncin General Power Co., Ltd. | 8137811857106546.pdf |
| 600818 | Zhonglu Shares | 2019-12-23 | Inquiry letter | Inquiry letter regarding the sale of assets by Zhonglu Co., Ltd. | 8137811857101332.pdf |
| 600291 | Xishui Shares | 2019-12-23 | Inquiry letter | Inquiry letter about Inner Mongolia Xishui Venture Co., Ltd. | 8137811857101073.pdf |
| 603396 | Jinchen Shares | 2019-12-23 | Inquiry letter | Inquiry letter about Yingkou Jinchen Machinery Co., Ltd. | 8137811857093101.pdf |
| 603028 | Saifutian | 2019-12-23 | Inquiry letter | Inquiry letter regarding matters related to changes in the equity of the controlling shareholder of Jiangsu Saifutian Steel Cable Co., Ltd. | 8137811857085101.pdf |
| 600146 | Shangying Global | 2019-12-22 | Inquiry letter | Second inquiry letter regarding matters related to non-cash asset performance compensation of Shangying Global Co., Ltd. | 8137811856924480.pdf |
| 600146 | Shangying Global | 2019-12-20 | Inquiry letter | Inquiry letter regarding matters related to performance compensation of Shangying Global Co., Ltd. | 8137750772701100.pdf |
| 600882 | Miaokelando | 2019-12-20 | Inquiry letter | Inquiry letter about Shanghai Miao Ke Landuo Food Technology Co., Ltd. | 8137750772699466.pdf |
| 601991 | Datang Power Generation | 2019-12-20 | Inquiry letter | Inquiry letter about Datang International Power Generation Co., Ltd. | 8137750772697780.pdf |
| 600189 | Jilin Forest Industry | 2019-12-20 | Inquiry letter | Inquiry letter about Jilin Forest Industry Co., Ltd. | 8137750772691112.pdf |
| 600651 | Feile Audio | 2019-12-20 | Letter of review opinions on major asset restructuring plan | Letter of review opinions on the major asset reorganization plan of Shanghai Feile Audio Co., Ltd. | 8137750772678862.pdf |
| 603063 | Hewang Electric | 2019-12-19 | Inquiry letter | Inquiry letter about Shenzhen Hewang Electric Co., Ltd. | 8137750772531487.pdf |
| 601700 | Fengfan Shares | 2019-12-19 | Letter of review opinions on major asset restructuring plan | Letter of review opinions on the major asset reorganization plan of Changshu Fengfan Electric Power Equipment Co., Ltd. | 8137750772529041.pdf |
| 600712 | Nanning Department Store | 2019-12-18 | Inquiry letter | Inquiry letter regarding changes in shareholders’ equity of Nanning Department Store Co., Ltd. | 8137750772354029.pdf |
| 600556 | ST Wisdom Ball | 2019-12-17 | Inquiry letter | Inquiry letter about Guangxi Huijin Technology Co., Ltd. | 4967575.pdf |
| 600614 | *ST Pengqi | 2019-12-17 | Inquiry letter | Inquiry letter about Pengqi Technology Development Co., Ltd. | 8137750772241081.pdf |
Sample data of inquiry letters from Shenzhen Stock Exchange of A-share listed companies
| gsdm | gsjc | fhrq | hjlb | ck | hfck |
|---|---|---|---|---|---|
| 300064 | Yu Diamond | 2020-01-02 | Letter of concern | NMK30006430790.pdf | |
| 300146 | By-Health | 2019-12-31 | Letter of concern | NMK30014630786.pdf | |
| 300307 | Cixing Shares | 2019-12-31 | Inquiry letter | NMK30030730780.pdf | |
| 300269 | Lianjian Optoelectronics | 2019-12-31 | Letter of concern | NMK30026930777.pdf | |
| 300364 | Chinese Online | 2019-12-30 | Letter of concern | NMK30036430772.pdf | |
| 300773 | Lakala | 2019-12-30 | Letter of concern | NMK30077330765.pdf | NMK300773307651700HF.pdf |
| 300178 | Tembon International | 2019-12-26 | Letter of concern | NMK30017830748.pdf | NMK300178307481699HF.pdf |
| 300537 | Guangxin Materials | 2019-12-25 | Letter of concern | NMK30053730720.pdf | NMK300537307201698HF.pdf |
| 300116 | Jian Rui Wo Neng | 2019-12-24 | Letter of concern | NMK30011630740.pdf | NMK300116307401695HF.pdf |
| 300221 | Jubilee Technology | 2019-12-24 | Inquiry letter | NMK30022130715.pdf | NMK300221307151701HF.pdf |
| 300174 | Yuanli Shares | 2019-12-22 | Inquiry letter | NMK30017430704.pdf | NMK300174307041694HF.pdf |
| 300234 | Kail New Materials | 2019-12-19 | Letter of concern | NMK30023430709.pdf | NMK300234307091690HF.pdf |
| 300431 | Storm Group | 2019-12-19 | Letter of concern | NMK30043130698.pdf | |
| 300269 | Lianjian Optoelectronics | 2019-12-18 | Inquiry letter | NMK30026930665.pdf | NMK300269306651697HF.pdf |
| 300252 | Kingxinnuo | 2019-12-18 | Letter of concern | NMK30025230682.pdf | NMK300252306821692HF.pdf |
| 300153 | Cotech Power Supply | 2019-12-17 | Letter of concern | NMK30015330691.pdf | NMK300153306911688HF.pdf |
| 300167 | Diweixun | 2019-12-17 | Letter of concern | NMK30016730684.pdf | NMK300167306841691HF.pdf |
| 300364 | Chinese Online | 2019-12-17 | Inquiry letter | NMK30036430655.pdf | NMK300364306551696HF.pdf |
| 300132 | Qingsong Shares | 2019-12-17 | Inquiry letter | NMK30013230679.pdf | NMK300132306791693HF.pdf |
| 300152 | Keron Environment | 2019-12-17 | Letter of concern | NMK30015230656.pdf | NMK300152306561689HF.pdf |
| 300586 | Melian New Materials | 2019-12-16 | Letter of concern | NMK30058630663.pdf | NMK300586306631686HF.pdf |
| 300099 | Accurate information | 2019-12-16 | Inquiry letter | NMK30009930660.pdf | NMK300099306601687HF.pdf |
| 300461 | Tanaka Seiki | 2019-12-13 | Letter of concern | NMK30046130648.pdf | NMK300461306481682HF.pdf |
| 300228 | Fu Rui's special outfit | 2019-12-13 | Inquiry letter | NMK30022830650.pdf | NMK300228306501685HF.pdf |
| 300111 | Sunflower | 2019-12-11 | Non-licensed restructuring inquiry letter | NMK30011130625.pdf | NMK300111306251684HF.pdf |
| 300310 | Yitong Century | 2019-12-11 | Letter of concern | NMK30031030631.pdf | NMK300310306311683HF.pdf |
| 300128 | Jinfu Technology | 2019-12-10 | Letter of concern | NMK30012830620.pdf | NMK300128306201678HF.pdf |
| 300003 | Lepu Medical | 2019-12-10 | Inquiry letter | NMK30000330601.pdf | NMK300003306011674HF.pdf |
| 300341 | McAudi | 2019-12-09 | Inquiry letter | NMK30034130607.pdf | NMK300341306071677HF.pdf |
Related literature
- Chen Yunsen, Deng Yilu, and Li Zhe, 2018: "Does non-punitive regulation have information content? - Evidence based on inquiry letters", "Financial Research" Issue 4.
- Chen Yunsen, Deng Yilu, and Li Zhe, 2019: "Research on the Effectiveness of Front-line Supervision of Stock Exchanges: Evidence Based on Financial Report Inquiry Letters", "Management World" Issue 3.
- Li Xiaoxi, Yang Guochao, and Rao Pingui, 2019: "Do exchange inquiry letters have a regulatory role? - Text analysis based on merger, acquisition and reorganization reports", "Economic Research" Issue 5.
- Zhang Junsheng, Tang Xiaojian, and Li Guangzhong, 2018: "Can preventive supervision suppress the risk of stock price crash? - A study based on the exchange's annual report inquiry letter", "Journal of Management Science" No. 10.
Data update frequency
Annual Update