The Research On The Protection Of The Commercial Secrets In The Information Disclosure

Information disclosure and commercial secrets have a side of the unity of opposites, How to coordinate the relationship between them is the key to solve the problem that the protection of the commercial secrets in the information disclosure of listed company. Also, the protection of the commercial secrets in the information disclosure is good or bad, which is directly relative to the listed company's healthy development, standardize the securities market order, and the interests of the broad masses of investor.The historical process about the protection of the commercial secrets in China is relatively short, Especially, there is no sufficient attention on how to strengthen the protection of the commercial secrets in the information disclosure of listed company, and exist the case that don't have inadequate protection of commercial secrets. In order to protect their trade secrets, listed company have taken several means so-called"self-protection", information disclosure irregularities, such as false disclosure, fuzzy statement, hide major issues, delayed disclosure, show endless. Without damage the interests of investors at the same time, it is more important that disrupt the transaction order of the stock market, and have no benefit to the healthy development of the stock market.Strengthen the protection of the commercial secrets in the information disclosure of listed company is imminent. Although there is conflict of interest and value between information disclosure and commercial secrets, this conflict can be coordinated by choosing the legislative value and specific systems design.At the micro system design, firstly, we should make a uniform"Trade Secrets Protection Law". Secondly, perfecting our information disclosure rules, achieving"the importance of standard"singularity; sounding the current system of information disclosure exemption, absorbing the information disclosure exemption and clarify system. Again, improving the securities regulatory system, and make effectively protection of the interests of investors. Finally, we must also improve the Civil Procedure Law, Anti-Unfair Competition Law, Criminal Law, and so, strengthen the protection efforts in the protection of the commercial secrets in the information disclosure of listed company.