The Research On Information Disclosure Legal System Of Listed Companies

The information disclosure system is the core of modern securities legal system,which is also the best way of communication among the listed Companies, investorsand the Supervision Department. The listed Company is the most important part of thesecurities market of our country and is also an important force in the development ofreal economy.Listed Company do a good job in information disclosure, which isadvantageous to the enterprise financing and sustainable development. Having anexcellent information disclosure system as a backup, investors will be more secure tobuy their favorite listed Company shares on the stock market. Meanwhile, it canprotect their own interests and realize the important function of optimizing theallocation of resources.Securities market is an important place to optimize the allocation of socialresources, while the status of information disclosure in this market plays a decisiverole. Therefore, we need to devote more time and energy to think of this system andimprove the system. This passage begins with the laws and real cases to research thepresent condition of the listed Company information disclosure in China, hopingChina’s securities market will soon follow a healthy development road.Instead of the foreword, this passage is divided into four parts, about20000words.The first part is the overview of the listed Company information disclosure system. We begin with the disclosure system development history in the UK and USA tounderstand the reason and the process of the information disclosure system. Next, Iwill introduce the information disclosure system based on economic theory and legaltheory. Finally I will point out the practical significance of researching informationdisclosure system.The second part is the details and status of the listed Company informationdisclosure system. Here, it was considered from two aspects: details and status. Atfirst, it introduces which are included in the general information disclosure and thesimple classification of the disclosure of information. The status includes the laws,regulations, and innovation of the information disclosure system. As for the problems,I adopt the case analysis method. This chapter will make us more clear to the presentstatus of China’s information disclosure.The third part is the core issues of the legal system of information disclosure ofthe listed Company. The core problem of the information disclosure system includefive parts which are the "Significant" standard, the civil compensation lawsuit, theselective information disclosure, the forecasting information disclosure and the relatedtransaction information disclosure.The fourth part aims at the problems and advice of the second and the third part tocome up with the feasible advice respectively to the lawmakers, listed Company,intermediaries, investors, securities exchange.