Research On Legal Regulation Of False Information Disclosure Of Listed Companies

From the establishment of the Shanghai Stock Exchange in1990to2012the totalnumber of domestic listed companies in China up to2494, the market value of nearly27trillion yuan. Over the past20years, China’s securities market is booming, also increasedthe overall level of information disclosure of listed companies, but the frequentappearance of Listed Company Information Disclosure of illegal behavior, seriousinfluence and restrict the healthy and stable development of China’s securities market.China Securities Regulatory Commission published in January2008, China’s capitalmarket development report "clearly pointed out that China’s capital market development in2008-2020eight strategic measures, one of which is to promote the healthy developmentof listed companies, and pointed out that strengthening the company informationdisclosure, increase the illegal disclosure of the costs and improve the quality ofinformation disclosure is an important measure to promote the healthy development oflisted companies. In this context, we must pay attention to the legal regulation ofinformation disclosure of listed companies behavior, for sound legal system of China’slisted companies, to improve the securities market regulation, protection of medium andsmall investors’ interests, and promote the sustainable development of China’s securitiesmarket is of great significance. Based on the above, we have chosen this content.The text is divided into four chapters, the main content is structured as follows:The first chapter of listed companies to disclose basic system overview. Of thissection is to explain the theoretical concept of the listed company information disclosuresystem, legal system and describes the information disclosure of listed companies, andinterpretation of information disclosure system of listed companies from the point of viewof the legal regulation.The main legal issues in the second chapter of China’s listed company informationdisclosure system. This part of the combination of specific cases, disclosure for listedcompanies in China illegal behavior analysis, focusing on the rampant cause of falseinformation disclosure.The third Chapter That part will focus on the relevant provisions of the United States and Taiwan in the information disclosure of listed companies, combined with the currentsituation of the information disclosure of listed companies in China today seek to learnfrom.The fourth section is based on the system of background information disclosure oflisted companies in China to grasp the reality of the situation; solve the aforementionedproblems, the corresponding legal advice.