Perfection Of Legal Regime Of Information Disclosure Of The Listed Company Of China

Legal system of securities of our country after more than 20 years of development, our country formed on the basis of The Company Law, The Securities Law the sound of the securities legal system. The development history of legal system of securities from the developed countries, legal system of information disclosure of listed companies is an important part of the legal system of securities,it is the guarantee of securities market healthy. Frequent in recent years, the financial fraud of listed company in our country, the false disclosure to deceive investors. Also has appeared in the earth the other half of the American similar cases such as Enron financial scandal, and then a series of financial fraud of listed company Such behavior severe blow to investor confidence in public influence the healthy operation of the securities market, in order to restore the confidence of investors, the public restore investor confidence in the stock market, On July 26, 2002, with an absolute majority of congress passed about accounting and corporate governance reform package The Sarbanes- Oxley Act, The legislation enacted in the United States has obtained the good social effect. In the afternoon of December 29, 2015 in China by the standing committee of the National People's Congress by a draft, a clear mandate of the state council may conduct stock issued registration system reform, and adjust the current "securities law" about stock authorization provisions shall be applicable, concrete system for registration system reform to make special arrangements. it marks China for more than 20 years of securities issuance of authorization is coming to an end, share issue will soon be put into practice registration system. Registration system for the quality of information disclosure of listed companies is more strict, at the present system of our country can not solve this problem at present. Then associated with the United States enacted The Sarbanes- Oxley Act related factors, our country also can transplant The Sarbanes- Oxley Act to improve the quality of information disclosure of listed companies.