Research On The Legal Supervision Of Information Disclosure Of Quoted Company Under The Registration System In China

In the legal system of securities exchange all over the world,the information disclosure system has always been the most important and the core content.Information disclosure system is not only an important means of government regulation of securities,but also a protection and protection of investors' right to know.China's legislature has been based on the information disclosure system of listed companies are constantly improving,the new laws and regulations have come out a series of suitable for China's securities market,but from the current information disclosure of Listed Companies in the stock market now,the efficiency of the information disclosure system is still very low,the investment behavior of investors is more to follow government policy guidance,rarely consider the situation of information disclosure of listed companies,is still the most speculative investor psychology.At present,the reform of China's registration system is continuously,the government on the investment value of the listed companies has no regulation,but by the investors to judge,the information disclosure of listed companies has become the main basis for investment.Under the background of the registration system reform,the information disclosure system of Listed Companies in China is suffering the most severe test in the market.At present,the global economic integration is accelerating,China's listed companies disclosure system is not perfect,in the background of the registration system,it is necessary to perfect the system of the status of information disclosure and research,therefore,this paper choose the research has certain practical significance.Based on the domestic and foreign literature research,analysis of China's current situation of listed company information disclosure system and the existing problems,based on the advanced experience of foreign countries,put forward to perfect China's information disclosure supervision system suggestion.The main research contents of this paper include three parts: the first part is about the problems of information disclosure supervision of Listed Companies in china.On the basis of literature research,starting from China's regulatory status of information disclosure of listed companies,points out that the information disclosure system of Listed Companies in China are imperfect legal system,supervision,supervision of the main contradictory philosophyauthority is unknown,the quality of information disclosure is not high,lack of system to protect the interests of investors,intermediaries lack of self-regulation and delisting system is not perfect other issues;second part,foreign registration system under the supervision of information disclosure of the comparison and reference.Respectively analysis of the United States,Japan and Britain and other developed countries the information disclosure supervision system,enlightenment for perfecting the information disclosure system of Listed Companies in China;the third part,perfecting the information disclosure supervision system suggestion.From China's listed company information disclosure system,the existing problems,based on the advanced experience of foreign countries,respectively from the perfect information disclosure supervision system of laws and regulations,adjust focus and authority,the Commission to intensify efforts to raise the issue of administrative punishment,the quality of information disclosure,improve the system,protect the rights and interests of investors to improve the stock exchange and intermediary supervision and supervision of information disclosure in China are put forward the suggestion to improve the system of perfect delisting system.