美国证券交易委员会（SEC）计划取消上市公司发布季度财报的规定，改为每半年揭露一次，但此举引发了市场的强烈反对。据统计，该提案收到了创纪录的20万份公众意见，其中高达99.5%反对这项变革，反对者包括避险基金、大型交易所以及摩根大通等知名金融机构，他们认为这会降低市场透明度并损害投资人权益。

彭博社的数据分析显示，若实施半年报制度，将会掩盖公司许多重大的财务变化，尤其是在隐藏业绩下滑方面更为明显。在疫情等高度波动时期，高达15%的重大季度营收衰退会被半年报吸收而无法显现，这让批评者担忧企业可能借此掩盖本应在季度报告中曝光的负面消息。

尽管面临巨大的反对声浪，支持者如埃克森美孚与礼来公司则认为，减少财报频率能让企业专注于长期发展，减少短期波动的干扰。分析师预测该提案在2027年前通过的机率高达70%，因为具备全球先例与政治支持，且未来新制上路后，企业仍可自由选择维持季度报告或改用半年报。

The US Securities and Exchange Commission (SEC) plans to eliminate the requirement for public companies to issue quarterly financial reports, shifting to semiannual disclosures, but this move has sparked fierce market backlash. According to statistics, the proposal received a record 200,000 public comments, with a staggering 99.5% opposing the change. Opponents, including hedge funds, major exchanges, and prominent financial institutions like JPMorgan Chase, argue that it would reduce market transparency and harm investor interests.

Data analysis by Bloomberg shows that implementing a semiannual reporting system would mask many significant financial changes for companies, particularly in hiding performance downturns. During highly volatile periods like the pandemic, up to 15% of material quarterly revenue declines would have been absorbed and concealed by half-year results, raising concerns among critics that companies could use this to bury bad news that would normally be exposed in quarterly reports.

Despite the massive wave of opposition, proponents such as ExxonMobil and Eli Lilly argue that reducing reporting frequency allows companies to focus on long-term development and reduces distractions from short-term volatility. Analysts predict a 70% probability that the proposal will pass by 2027 due to global precedents and political backing, noting that under the new system, companies would still have the flexibility to choose between maintaining quarterly reports or switching to semiannual ones.