Information Disclosure Violations And Its Regulation Of The Listed Company

With the development of social economy, and the constant improvement of securities market in our country, the information disclosure system of listed companies has become an important part of development for our country’s securities market. Information disclosure system, the information of the public and public disclosure of a system, is a listed company to the public and the securities regulator and stock exchange disclosed on a regular basis, and its operation situation, financial status information of a system, including information disclosure, and before the issuance of listed after the disclosure of information. Information disclosure system is a basic system of securities market in the multi-level capital market development, information disclosure system of the increasingly important role. However, in real life, the phenomenon of information disclosure violations are tourism, seriously hampered the development of the securities market, dampened investor confidence. Information disclosure of listed companies, it is necessary to curb the illegal to guarantee benign and healthy development of securities market in China.The first part of this article elaborates the basic theory of the information disclosure system, firstly introduces the concept of the information disclosure system, as well as to the requirements of information disclosure system, the standardization of the information disclosure system of listed companies in China were discussed, finally, the current information disclosure violations of the securities market in China is described; The second part analyses the reason of the listed company information disclosure violations and the damage of through the analysis of the listed company information disclosure violations of internal cause and external cause, for an in-depth analysis of the genesis of the listed company information disclosure violations, from the company itself and the Angle of legislation, laws and regulations from the Angle of administrative regulation Angle, the author analyzes the reasons of the listed company information disclosure violations, and illustrates the harm to the listed company information disclosure violations; The third part from investor protection point of view, considering the listed company information disclosure violations after relief way, involves the way of compensation, the effect of the relief, etc.; Last part from the Angle of legislation and the securities and futures commission administrative supervision point of view, analysis of the listed company information disclosure violations of fundamental benefits strategy, from the improvement of the legislation, to the securities regulatory model update, the listed company information disclosure regulation, to seek the solution of the our country listed company information disclosure violations, in order to protect the interests of investors and promote the development of capital market in China.