Research On Patent Information Disclosure Of Listed Companies On

Patents, which are the most important intangible assets for every single high-tech enterprise, have always been paid close attention to by enterprises themselves and the investors. The information disclosure system, which is the very important guarantee in the maintenance of fair trade in the stock markets, promotes innovation of science and technology. Therefore, the patent information disclosure system is a strong equipment to protect the interests of investors and promote the prosperity of the Growth Enterprise Market (GEM). Since2010, after the "the patent scandal", a lot of relevant researches have been made by domestic scholars and many valuable suggestions have been provided with by them. Gradually, a series of new legal issues are being present in front of us. Under this background, this article, based on the national laws of patent information disclosure system and combined with some illegal disclosure phenomenon in the GEM as well as a number of typical cases in recent years, expands its research in the patent information disclosure system in the GEM of China. The structure of this article includes an introduction and three chapters, as follows:The first chapter is a general introduction of the latest development of GEM listed companies and its information disclosure system, including an overview of GEM and GEM listed companies, the disclosure features of GEM listed corporates as well as the patent information disclosure legislation of GEM listed corporates.The second chapter quotes some typical cases and analyzes their causes. I mainly enumerate the examples of Suzhou Hengjiu and Shanghai Grand Asia, to expose the main problems in the process of patent information disclosure. Based on these problems, some root causes of this illegal phenomenon can be dug out. After analysis, we can see that the main problems are:the funding issues of intellectual property, the uncertainty of patent rights, the quality of patents and intellectual property rights litigation. And the causes are:poor self-discipline of listed companies, complexity of patented technology standards, gaps between laws and regulations, low violation cost and the unregulated market.The third chapter, on the basis of the first two chapters, gives some advice and suggestions, including:first, to establish an effective internal organization and make strict intellectual property protection strategies; second, to combine fairness, effectiveness and quality, truly and accurately disclosure information; third, to focus on the patent management, honestly disclosure information; fourth, to take advantage of institutional strengths and improve the legal system.