Listed Companies Information Disclosure System

The information disclosure of listed companies is the key of the whole system of information disclosure. Most of the policies which promulgated by the security regulation department of late years in our country are about of this system. It show that the Security regulation department pay more attention to it.This article aims to analyze and disclose from the cores of securities market regulation-information disclosure system. In alliance with introduction of some foreign major securities market information disclosure policies, the article like to analyze current situation of Chinese securities market information disclosure and management in comparison. Meanwhile,it will identify the existing problems andfurthermore make proposals for improvement of securities market management.At first, this article,Introduce basic concepts of information disclosure and general principles of regulation. Unveil the theories of establishment and development of securities market regulation in order to provide basic frame for analysis. Through comparative analysis between spontaneous and restrictive information disclosure policies,illustrate and confirm the relationality of them and thus conclude that they are the cores of securities market regulation.Base on the above analysis,the article intrduce the policy foundation disclosurein china. Describe not only the current situation of securities market regulation,but also existing issues and the their reasons in information disclosure for current public traded companies.Then by comparative analysis between Chinese and overseas information disclosure and management policies,introduce foreign(especially America and England)methods of information disclosure and management in order to absorb their extraction to serve Cina.Finally,this article propose related countermeasure for seurities market management and standardization in view of existing issues of information disclosure of listed companies. Primarily solve the problems form perfection of policies and securities market management system two aspects. Present strategic thoughts and make some proposals for concrete policies of Chinese secuties market management.Through above illustration and thorough conclusion of domestic and foreign experiences, it proves that public and transparent information disclosure is the core for securities market regulation. Informative and time-efficient information disclosure policies are the market basis for preventing securities market' s cheating and assuring an equal, open and unbiased market. Finally, based on analysis, I expect hopefully that Chinese securities market will follow a perfect path of standardization continually, meet international usual practices gradually and march into the track of stable development healthily.