Study On The Method Of Securities Information Disclosure

Securities information disclosure system is one of the basic systems on the law of securities, which is accepted by all the countries. Information disclosure system could reduce information asymmetry, make sure securities market open and fair and protect the interests of investors. As technology advances, there comes a media revolution in the communication area, and new media has broken the propagation mode which was built by tradition media. The revolution has spread in the securities information disclosure area and has made a significant impact on the method of information disclosure. The author is attempting to discuss the impact of it, and make suggestions by comparative study.Chapter one mainly introduces the background of this article and the contradiction between the new media and the traditional method of the securities information disclosure. The author summarizes the previous research and points out the strengths and weaknesses of this article. Then the author gives the train of the research thoughts through two cases.Chapter two discusses the relationship between the media revolution and the method of securities information disclosure. This chapter consists of three parts. Part one introduces the definition, classification and feature of new media. Part two summarizes the advantage of using new media to disclose securities information and forecasts the trends of information disclosure in the era of new media. Part three points out the regulation dilemma.The comparative study lies in Chapter three, which also includes three parts. Part one summarizes the method of securities information disclosure in American securities market. Part two introduces the method in our country. Part three emphasizes the similarities and differences between the two markets.Chapter four makes a conclusion of this article. On one side, we should respond to the media revolution actively and take measures to conform to the trend of the time. On the other side we must strengthen regulatory measures on using new media to disclose securities information.