Taiwan Stock Exchange to Complete XBRL Platform by the End of 2008

TAIPEI, Taiwan, Jul 31, 2008 (BUSINESS WIRE) -- The Taiwan Stock Exchange Corporation is proactively constructing the eXtensible Business Reporting Language (XBRL) demonstration platform, which is scheduled to be completed by the end of 2008.
The construction of the platform is part of the Taiwan Stock Exchange Corporation's efforts to establish a system for the public disclosure of stock market information in line with international standards. The platform will also be aimed at enhancing the quality of the disclosure system.
The Taiwan Stock Exchange Corporation said that at present it has the Market Observation Post System (MOPS), a platform for listed companies to make public information and investors to search for information.
The MOPS has Web sites in both Chinese and English. Its English Web site provides information on warrants, ETF, market information, listed company profiles, annual dividends, the structure of stakeholders, detailed process of capital formation, financial forecasts, financial statements, and financial analysis data. In addition, when major events occur, listed companies that issue securities overseas are required to simultaneously provide relevant information and explanation in English. The MOPS also allows investors to learn about information updates of listed companies in Taiwan.
The XBRL enables listed companies to use a standard language to report financial statements and other related information. With the XBRL, the Taiwan Stock Exchange Corporation seeks to enhance the transparency and flow of information about businesses' financial statements as well as provide accurate, real-time, and complete information to investors around the globe.
Please visit the MOPS at: http://emops.tse.com.tw/emops_all.htm.
SOURCE: Taiwan Stock Exchange Corporation