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On The Information Disclosure System In The Securities Markets

Posted on:2002-04-09Degree:MasterType:Thesis
Country:ChinaCandidate:J N PengFull Text:PDF
GTID:2156360032453574Subject:Economic Law
Abstract/Summary:PDF Full Text Request
k _ TER S T~QT~ Abstract The information disclosure system is not only the cornerstone of the securities market, but also it is the core of the securities legal system. It is also the strong tool that protects the investors. As our securities market was open about ten years ago, there are some problems in our information disclosure system. So it is very important to research this system. The thesis can be divided into three parts. The first part discusses why we should set up the information disclosure system. The system is original from U.K, but it is improved by U.S. Now many countries consider the system as the foundation of the securities market. During the development of the system, the scholars have established several theories about the system. The writer analyzes these theories in details; then the writer discusses the legal value of the system. The second part is the core of the thesis. In this part, the writer researches how to judge the action of the information disclosure. Every country has his own standard that judges the information disclosure. The following are the two most representative standards: material information and price sensitive information. The writer analyzes the different characteristic between the two standards and discusses the standard of our country. Then the writer points out who have the duty to disclose the information. In the third part, the writer researches how to improve our information disclosure system. At first, the writer lists the problems of the system and shows the reasons. Then the writer advises how to perfect our information system.
Keywords/Search Tags:securities, securities markets, information disclosure
PDF Full Text Request
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