On Legal Regulation About Information Disclosure Of Financial Holding Company In China

With the impact from Globalization of Economy and Finance, Financial Holding Company, a newly fixed management in financial sectors, has been the trend, which has been adopted by most of developed countries and areas and identified to be of great advantages over others. It is essential for us to develop such kind of way of management if we wanted to improve the international competition, ability to resist risks and national security.Besides the advantages, the financial holding company also can cause many risks for its complicated structure and businesses. Furthermore, it can bring out collapse of financial clique and financial crisis. Information disclosure would be a good way to solve these problems by making management decision more transparent which is the effective protection of the rights and interests of investors and local authorities'investigation. Regarding the importance of information for the modern industry and the need of protection for commercial secrets, it has become a vital problem for the development of financial holding company on what information could be disclosed, which is the best way to disclose, what is the proper process, how to set up the supervision mechanism and how to regulate the legal responsibility. Legal regulation to rule the information disclosure is an important method to ensure the development of financial holding company.This article sorts out the legal regulation on how to perfect the information disclosure for the financial holding company in our country by study from theory to practice, from home to overseas. The article is comprised of four parts: the first part expounds the necessity; the second explains the specific practice on the sides of content, methods, process and supervision mechanism. The next part, it analyzes the current situation, characteristic and trend of the development of financial holding company in China and tells out the problems existed recently. On the base of the former three parts, the author suggests the legal advice on how to realize and perfect the regulation with Chinese characteristics.