The Legal Analysis Of Information Disclosure And Supervision In China Based On The Steel And Vanadium Warrants

Although information disclosure has become the coral content of securities legislation, the disclosure of information can not be separated with strict legal supervision. In a healthy and orderly securities market, information disclosure and legal supervision is indispensable. Though the securities market developments rapidly in China, yet the legal system of construction lags behind, and the position of the financial products is still not clear. While combining with the illegal securities market together, they will form a big effect on the development of the China's securities market. So according to the disclosure of current information disclosure and supervision, the writer will discuss the problem that exists in the "Event of the Steel and Vanadium Warrants", and analyzes the reasons of them. Finally, a suggestion of improvement of legal supervision on the current information disclosure is proposed. This subject is divided into four parts:In the first part, the writer will attempt to analysis the main problem of information disclosure and introduce the story of the Steel and Vanadium card events.In the second part, the writer not only explains the concept and importance of the information disclosure, but discusses the behaviors of misleading and falsity the Still and Vanadium Company has conducted.In the third part, the writer introduces the standard to range the restriction mechanism of information disclosure supervision and analysis their species in dital. In China the mechanism of law on which legal restriction for information disclosure and information supervision are based is divided into criminal mechanism, civil mechanism, and administrational mechanism. At the same time the writer also analysis main reasons of the Information disclosure in the event:one is the lack of laws and regulations in China's financial derivatives area. The other is the hysteresis in our legal information disclosure, information supervision and administration mechanism.In fourth part, the writer proposes a series of recommendation on how to perfect information supervision, in the analysis of "Steel and Vanadium event" in information disclosure and regulatory issues and the status of legal regulation.