On November 17, 2016, three departments including the State Administration for Industry and Commerce issued the Circular on Relevant Issues concerning the Inclusion of Social Insurance and Statistical Matters in Corporate Annual Reports (the "Circular").

The Circular sets out that, starting from the annual report of 2016, the following matters shall be newly included therein by an enterprise when it submits its annual report through the enterprise credit information publicity system. The first relates to social insurance related matters, including the type of insurance the enterprise has participated in, number of employees covered by the related insurance, its payment base, total amount actually paid for the current period, and outstanding amounts accrued by such enterprise; the enterprise must disclose the first and second indicators to the public while the remaining three indicators may be published to the public at its own discretion. The next relates to statistical matters, including the main business activities, female employees, particulars on its shareholding (not applicable to branches), uniform social credit code of the parent company to which a branch is affiliated (only applicable to branches); the first and fourth indicators must be announced to the public while the second and third ones may or may not be disclosed at the enterprise’s own discretion.