The Study Of Disclosure System Of Listed Company

In a mature securities market, listed companies are required to disclose full information which is necessary for investors to make decision. It is accepted that market participants are best protected if they have sufficient information to make an informed investment decision. It is potentially damaging to markets and to markets confidence if the disclosed information is misleading or deceptive. So disclosure is an important mechanism for maintaining the credibility and efficiency of securities markets. The theme of this paper is to find a system of information disclosure which suits for the conditions of our country, to norm the disclosed information of listed companies, to make sure our securities market healthy.This paper consists of four parts. The first part is comprehensive depiction. Account the concept of the information disclosure system, developed the chronology, base, cachet and base of the abstract, so that the reader can have an acquaintanceship about the information disclosure system. In the second part the paper compare the information disclosure system of China with that of American clearly, find out the advantage and the blemish on the information disclosure system of China, and make the base for the next part. In the third part the paper analyze the atmosphere and the question about the information disclosure system of China, cosponsor some advisory of how to make the information disclosure system of China better. Part four is administering austerity. Administrate the information disclosure system in law. Afterward accomplish the result.