Research On Information Disclosure Of Related-party Transaction Of NEEQ

After the extension of NEEQ throughout the nation in 2013,there has been a rapid growth of the listed companies.With the increase in the number of listed companies,the related-party transactions are increasing,and gradually becoming a common phenomenon.Related-party transactions can help listed companies to reduce transaction costs and enhance the company's competitiveness.However,there are some drawbacks to the related-party transactions,the associated trade will weaken the company's independence and damage the interests of investors.Information disclosure is an effective system for regulating the related-party transactions of listed companies.Information disclosure can make the market more transparent,protect investors' right to know and maintain the development of market.However,due to the short development time of NEEQ,there are still many problems in the disclosure of related-party transactions,which has hindered the development of the market.Therefore,it is necessary to discuss the information disclosure system of the related transactions of NEEQ,so as to provide the system guarantee for the healthy development of NEEQ.The full text includes three parts:introduction,main text and conclusion,and the main text divides into three chapters.The first chapter is an introduction to related transaction information disclosure system.This part discusses the information disclosure system of the related transactions from the perspective of economic and law,then presents the subject,content and principals that are necessary in building related transaction information disclosure system.The second chapter analyzes the regulatory status and existing problems of related transaction information disclosure system of NEEQ.These problems including the non-standard disclosure of content,the disclosure is not timely,the weak supervision of intermediaries,the weak penalties and the single disclosure standards.The third chapter is about the suggestions on how to establish the information disclosure system of related-party transaction of NEEQ.These recommendations include improving the law about the content of related-party transactions,establishing a system of breach of liability,improving the host brokerage system and the regulatory system,setting the information disclosure standards which adapted to the hierarchical system,as well as improving the supporting social system relevant to the information disclosure system of related-party transaction.