On The Legal System Against The False Statement In Chinese Securities Market

Informational characteristics of securities market such as accurate, prompt, intact disclosure of information are vital to the existence, steadiness, and prosperity of the securities market directly. Therefore, in various kinds of unlawful practices of the securities market, false statement is a subject that needs the utmost research. Especially, as for as the Chinese securities market that is a new thing is concerned false statement is a problem that needs to be solved urgently:First, in the securities market false statement and the disclosure of information are the positive and negative sides of a coin. The experience of various countries indicates that the good information disclosure system is an important mechanism which keeps the credibility and validity of securities market. To prevent and regulate false statement are just the perfection and development of the information disclosure system. How important the information disclosure system is in this sense means how important to set up the firewall to false statement.Second, false statement is a basic form of civil tort in a securities market, and has countless connections with other unlawful practices such as the inside trade, which is supposed to get up the result of "pull one hair and move the whole body" to standardize securities market to punish false statement. Even in America whose securities market has developed the most satisfactorily, a series of company scandals have taken place in the recent years, which has brought about a serious to American economy. Obviously this is a subject with general significance and worthy studying, which is the reason I choose the false statement in securities market as the theme of my thesis.The thesis adopts the progressively demonstration way. The author starts with the analysis of basic conception. Then, on the basis of probing into the reason of the false statement in China, puts forward theprecautionary measures concretely. The author studies this problem from different standpoints and discusses it from social, economic, legal standpoints. The central thoughts are as follows: Securities market should establish its function of protecting investors, optimiz resource distribution through setting up the mandatory information disclosure system based on law according to the conception of abundant disclosure of information and protecting investors' benefits, and overcome substantial and procedural problems by comprehensive regulations of administrative responsibility, criminal responsibility as well as civil liability.