SEC Chairman Paul Atkins plans to reform the financial report disclosure rules for listed companies

According to Wu, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins said that the SEC will promote reforms to the financial report disclosure rules for listed companies. The market will determine the pace of financial report disclosure. In an interview with CNBC, he said that shareholders and creditors will have a direct impact on the frequency of disclosure, but no timetable for reform has been given.