commerce
shāng yè
商业
United States
Měiguó
美国
Securities and Exchange Commission
Zhèngjiānhuì
证监会
to propose
tíyì
提议
to allow / to permit
yǔnxǔ
允许
listed companies / public companies
shàngshì gōngsī
上市公司
to change to / to switch to
gǎiwéi
改为
every year / annually
měinián
每年
twice
liǎng cì
两次
to disclose
pīlù
披露
financial results / earnings
yèjì
业绩
United States
Měiguó
美国
SEC
Zhèngjiānhuì
证监会
May 5th
5 yuè 5 rì
5月5日
to propose
tíyì
提议
to allow
yǔnxǔ
允许
listed companies
shàngshì gōngsī
上市公司
with / by means of
yǐ
以
every half year / semi-annually
měi bànnián
每半年
once
yī cì
一次
(possessive / modifier particle)
de
的
report
bàogào
报告
to replace
tìdài
替代
current / existing
xiànxíng
现行
quarterly report
jìbào
季报
system / mechanism
zhìdù
制度
supporters
zhīchí zhě
支持者
to believe / to think
rènwéi
认为
this move
cǐ jǔ
此举
to help / to contribute to
yǒu zhù yú
有助于
companies / enterprises
qǐyè
企业
to focus on
zhuānzhù
专注
long-term
chángqī
长期
development / growth
fāzhǎn
发展
but / however
dàn
但
critics
pīpíng zhě
批评者
to worry about / to be concerned about
dānyōu
担忧
transparency
tòumíng dù
透明度
to decline / to decrease
xiàjiàng
下降
May 7, 2026 at 3:00 AM
United States
Měiguó
美国
Securities and Exchange Commission
zhèngquàn jiāoyì wěiyuánhuì
证券交易委员会
SEC
Zhèngjiānhuì
证监会
on (date marker)
yú
于
May 5th
5 yuè 5 rì
5月5日
to put forward / to propose
tíchū
提出
a
yī xiàng
一项
rule amendment / regulatory revision
guīzé xiūdìng
规则修订
proposal
tí àn
提案
the said proposal
gāi tí àn
该提案
to allow
yǔnxǔ
允许
listed companies
shàngshì gōngsī
上市公司
voluntarily
zìyuàn
自愿
to choose / to opt
xuǎnzé
选择
to switch to
gǎiwéi
改为
every half year
měi bànnián
每半年
to submit / to file
tíjiāo
提交
one
yī fèn
一份
interim financial results
zhōngqī yèjì
中期业绩
report
bàogào
报告
to replace
qǔdài
取代
three
sān fèn
三份
quarterly reports
jìbào
季报
the said proposal
gāi tí àn
该提案
to align with / to be in line with
fúhé
符合
Trump
Tèlǎngpǔ
特朗普
long-standing
chángqī yǐlái
长期以来
(possessive / modifier particle)
de
的
stance / advocacy
zhǔzhāng
主张
arguing that
rènwéi
认为
mandatory quarterly reporting
qiángzhì jìbào
强制季报
will / can
huì
会
to encourage / to foster
zhùzhǎng
助长
short-term thinking / mindset
duǎnqī sīwéi
短期思维
SEC
Zhèngjiānhuì
证监会
to state
biǎoshì
表示
switching to semi-annual reporting
gǎiwéi bànnián bào
改为半年报
can / may
kěyǐ
可以
to reduce / to lower
jiàngdī
降低
companies
qǐyè
企业
compliance costs
héguī chéngběn
合规成本
to let / to allow
ràng
让
management
guǎnlǐ céng
管理层
more focused on
gèng zhuānzhù yú
更专注于
day-to-day operations
rìcháng yùnyíng
日常运营
critics
pīpíng zhě
批评者
however (contrast marker)
zé
则
to argue
rènwéi
认为
to reduce
jiǎnshǎo
减少
information disclosure
xìnxī pīlù
信息披露
frequency
pínlǜ
频率
will
jiāng
将
to harm / to damage
sǔnhài
损害
retail investors
sànhù tóuzī zhě
散户投资者
(possessive / modifier particle)
de
的
interests
lìyì
利益
according to the new rules
ànzhào xīn guīzé
按照新规则
opting for semi-annual reporting
xuǎnzé bànnián bào
选择半年报
(possessive / modifier particle)
de
的
companies
gōngsī
公司
must / are required to
xū
须
within
zài
在
after the half-year period ends
bànnián jiéshù hòu
半年结束后
40 to 45 days
40 zhì 45 tiān
40至45天
within
nèi
内
to file / to submit
tíjiāo
提交
report
bàogào
报告
the said proposal
gāi tí àn
该提案
currently
mùqián
目前
to enter
jìnrù
进入
60-day
60 tiān
60天
public comment period
gōngzhòng pínglùn qī
公众评论期