XBRL China jurisdiction joins XBRL International
Released 6 May 2010, NYC, NY XBRL International, Inc. (XII) announced today that XBRL‐China has been approved as an XII Jurisdiction. As a Jurisdiction in the XII global consortium XBRL‐China is committed to the promotion and application of XBRL in China.
This latest jurisdiction will facilitate XBRL training and education, host XBRL related conferences, promote XBRL adoption, encourage XBRL technology research and coordinate collaboration among relevant regulators and participants to encourage the effective use of XBRL.
“Over the past years XBRL International has been impressed with the rapid progress China has made in XBRL research and application,” said Anthony Fragnito, CEO of XBRL International. “As the third largest economy in the world, XBRL‐China is critical in our global collaborative effort to provide an international standard language for communicating business data. We look forward to providing XBRLChina our full support in their efforts to adopt and advocate for XBRL.”
Madam Ying Wei, Chairman of XBRL China Executive Committee, said, “We are very pleased with the approval of XBRL China as an established Jurisdiction. I’d like to express our appreciation for the support from ISC and other Jurisdictions of XII. XBRL China, Ministry of Finance of China together with other regulators, will continue to make great efforts to promote and coordinate the XBRL application and development in China. Meanwhile, we will further upgrade the collaboration
between XBRL China and XII, as well as other Jurisdictions, to continuingly promote the global high‐quality XBRL application.”
About XBRL International, Inc.
XBRL International, Inc. (XII) is a global consortium using a cooperative effort to create a common business reporting language based on XML. This Web protocol is being developed and promoted by an international, not‐for‐profit consortium of more than 600 major international companies, associations and government agencies.
The XBRL‐China jurisdiction joins more than 25 other XII jurisdictions in Europe, Asia, the Middle East, North America and Australia. The XBRL business reporting standard is now mandated or used in regulatory filing programs in many of the world’s leading capital markets, including Australia, Belgium, Canada, China, Denmark, France, Germany, India, Israel, Japan, Korea, Netherlands, Singapore, Spain, Sweden, Thailand, the United Kingdom and the United States among others.
For more information about XBRL International and XBRL please visit www.xbrl.org.
About XBRLChina
XBRL China was established in 2008 and affiliated to China Accounting Standards Committee, Ministry of Finance. It is a non‐profit and public platform for the technical popularization and coordination, and devoted to promoting the research, extension and application of XBRL in China. Since its establishment, XBRL China has made rapid progress in XBRL research and application in China, particularly in taxonomy development, practical application, academic research and membership development.
Those interested in getting more information or contributing to the new jurisdiction should contact xbrlcn@xbrl.org.
