| The report analyzes correcting public notices on annual report of Chinese listed company, which has been announced frequently in Chinese security market these several years. The study is instructed by the disclosure theories on security market, and on the bases of the statistic of all correcting public notices on 2002 annual report.The article is composed of four chapters. Chapter one is a brief introduction to the history and framework of Chinese security's market, which involved in the supervision departments, executive process, revealed content and relevant legal system. This chapter also shows the problems that related with Chinese disclosure system. Chapter two analyzes the possible causes of the disclosure problems from four aspects: external effect,supervisor,professional audit system, and managerial mechanism. Chapter three introduce the correcting notice system of Chinese market first, then make a statistic of all correcting public notices on 2002 annual report, finally concludes that some listed companies may utilize the correcting notice to deceive investors. Chapter four gives a summary and suggestions on the correcting notice problem. The article appendix includes three case studies of Chinese listed companies, which may support views of the report. |
