China Listed Companies Information Disclosure System

Information disclosure system is the main way from which the investors learn the marketing company and institution of securities supervising supervises marketing company. It is the important principle of securities law system in the world, which is the important content and method to perfect the marketing law system and standardize the marketing company of our country. As a system form, it used to bring broad learning contend and policy branching, and encounter arduous challenge in the countries where the security market was very developed.Before making corresponding choices of lawmaking and policy, we should ask a question: what is the theory basis and the value function of the information disclosure system of our country? Which question does the information disclosure system exist? Why? What suggestions should we make? How to put it into practice? The article gives us a systemic research at this point.The article integrates foreword, text and epilogue, and the text includes three chapters.The first chapter mainly ascends the origin and the developing course of the infonnationdisclosure system, and discusses its theory basis and value function. After pointing themeaning of information disclosure system, the article firstly describes its three developingphases: the first is the establishment of information disclosure system in England, second isits entirely development in America, the third is its wide reference and correspondingdeveloping in the world. At the basis of this, the article discusses the theory basis and valuefunction of information disclosure system, and advances following points: the springhead ofinformation disclosure system rests with the inter of the security market and the characteristicof the security information; the basic value function of information disclosure system is tomake the security market open, justice and equity.The second chapter discusses and analyzes the actuality and reason of our country. It firstly concludes the questions which exists in information disclosure system of our country, by linking examples from lawmaking framework, the standard and scope of infonnation...