Based On Accounting Information Disclosure, The Chinese Stocks In The US Are Resistant To Research

China concept stocks chose to return to China stock market from American securities market in 2015 due to sluggish market environment.In contrast,ZTO which had been successfully listed in New York Stock Exchange on October 27 th 2016 reached the highest market value at $12.1 billion since Alibaba.Thus,China concept stocks attached capital markets attention again.American securities market had been favored by Chinese enterprises,but Chinese enterprises had suffered a hard time from 2010 to 2012.During this period,short sales institutions shorted Chinese enterprises which had suffered severe loss.Shortage mechanism,as an external supervision force,has been recognized of American capital market.Chinese enterprises in American market will be long tested by this system.In order to take a firm stand in American market,this thesis selected successfully counterattack Chinese enterprises-New Oriental as analyzed company.By means of literature research,case analysis and comparative analysis,this paper analyzes the cause why New Oriental had been shorted by Muddy Water and its countermeasures.Summarizing the necessity of accounting information disclosure on the theoretical basis of effective market theory,information asymmetry and game theory.Rearranging the case in chronological order.Exploring reasons why New Oriental had been shorted from both internal and external aspect and finding out the sources are muddy water institutions questions as well as accounting information disclosure loopholes of New Oriental.With the usage of comparative analysis method,comparing accounting indicators before and after the shortage event,observing what impact would the counterattack measures would make and whether the operating entity would be affected.Reaching the conclusion that New Oriental's counterattack measures rebounded its stock price but declined its profitability so as solvency in short term.In long term,counterattack measures did help New Oriental maintain stability.From the perspective of improving the risk resistance of New Oriental and improving the risk resistance of the Chinese enterprises in the United States.Countermeasures and suggestions are put forward to proceed from the perspective of the internal governance of the Chinese and US regulators,intermediaries and enterprises.