The Research On The Supervision Of Accounting Information Disclosure Of Shenzhen Gem Companies

Growth Enterprise Market (GEM) is a form of stock market, which is necessary to a perfect market. Chinese GEM listed in Shenzhen stock exchange on October30,2009, which is very great help to financing of Chinese small and medium-sized enterprises (SMEs) and venture companies with high growth. Currently some problems appeared in Chinese GEM about information disclosure, so it’s necessary to discuss the accounting information disclosure regulation of GEM companies, with the basis of protecting investors, because the risk of GEM is high.With some problems on GEM information disclosure, this paper introduced the Stochastic theory, the modern portfolio theory and the efficient market theory to analyze the existing problems of Chinese GEM companies, to find the causes of them, and investigated the accounting information disclosure regulation of the GEM abroad, which is benefit to get experience of their accounting information disclosure regulation. After all, the paper proposed some suggestions to improve Chinese accounting information disclosure regulation of GEM companies.The study is based on researching Chinese GEM public companies, with the use of standard methods, which analyzed the status of Chinese GEM accounting information by using the general theory, and analyzed the regulatory of information disclosure of Chinese GEM companies, by using a large number of data and charts. It found the existing problems of accounting information disclosure regulation and analyzed the causes of them. The paper learned experience and lessons of accounting information disclosure regulation of the GEM abroad. After all, the paper gave some suggestion to improve the accounting information disclosure regulation.This paper includes five sections, as follows:The first part:Introduction. The introduction reviewed the literature of theory of accounting information disclosure regulation of GEM companies, against the background of establishment of Chinese GEM in Shenzhen stock exchange in2009. It provided theory and practical significance of the research of accounting information disclosure regulation of GEM companies. Finally it stated the writing methods and ideas of this essay.The second part:characteristics of accounting information disclosure and accounting information disclosure regulation of GEM companies. This chapter includes the theory of accounting information disclosure, characteristics of GEM companies, characteristics of accounting information disclosure of GEM companies, characteristics of accounting information disclosure regulation of GEM companies.The third part:The existing problems and the reasons of accounting information disclosure regulation of Chinese GEM companies. From three perspectives of China Securities Regulatory Commission, intermediary institutions and internal control this chapter demonstrated the problems of GEM companies’accounting information disclosure regulation, through data analysis and examples. From China Securities Regulatory Commission, intermediary institutions and Internal control, and from the internal and external causes, it analyzed the reasons further, and laid the groundwork for advice behind.The fourth part:the experience and lessons of accounting information disclosure regulation of GEM companies abroad. This chapter concluded several enlightenments about accounting information disclosure regulation by learning the experience of GEM companies abroad.The fifth part:The measures of improving the accounting information disclosure regulation of Shenzhen GEM companies. This chapter is the emphasis to solve the problems of this paper. Because this paper analyzed the problems, reasons of Chinese GEM companies’accounting information disclosure regulation, and the experience and lessons of GEM companies abroad, this chapter gave the advice to improving the accounting information disclosure regulation of Chinese GEM companies from three perspectives of internal, external supervision and intermediary institutions.