Analyze Administrative Supervision On Information Disclosure Problems By Listed Companies In Our Country

The information disclosure system of listed company is the cornerstone of establishment and development of the securities market, is a important legal system to ensuring the securities transaction security and protecting the lawful right and interests of investor. Meanwhile a complete information disclosure system can play a good part in promoting the steady development in China securities market. As long as the listed company issue information timely, fully and accurately, investors can make the right decisions and establish investment confidence. Only in this way can prevent fraud and unfair phenomena in securities market. With the continuous development of the securities market of our country, all kinds of illegal information disclosure emerge in that serious blow the enthusiasm of investors, and disturb our normal order of the securities market.?The supervision of listed company information disclosure especially the administrative organs of the administrative supervision ,as a indispensable partial to maintain the normal order of the securities market. However our legal systems are incompletely, our administrative supervision agencies allocate unreasonably. These cause the listed company to disclose information illegally, even damaged the interests of investors, especially small investors.? To strengthening information disclosure system construction,?strengthening the supervision department, establishing information disclosure of listed companies of China characteristics socialism, is a effective way to promoting listed company information disclosure fair and openly.This paper uses the theoretical research and example of verify methods to analyze the present situation of listed company information disclosure administrative supervision. At the last the paper has introduced how to construct socialism characteristic of China on listed company information disclosure administrative supervision system. It is divided into five parts to discuss how to regulate the listed company information disclosure in the administrative supervision mechanism.? The first part is preface, mainly introducing the background and purpose of the paper.?The second part mainly introduces the concepts, contents and characteristics of the listed company information disclosure ,meanwhile ,it has introduced principles ,contents and theoretical basis of listed company information disclosure administrative supervision.? The third part analyzes the present situation of listed company information disclosure and listed company information disclosure administrative supervision. The forth part analyzes the legal system of listed company information disclosure administrative supervision of America. This part discusses the advanced experience of information disclosure administrative supervision of America, and fingers the influence of China.? The fifth part proposes listed company information disclosure in the administrative supervision solution.