Research On The Information Disclosure System Of National Equities And Quotations

NEEQ in China Securities,is the new approval system to a registration system of experimental plots,information disclosure is the core system.Registration of securities issuance mechanism,verifying the issuance of securities of listed companies to disclose file only form of review rather than a substantive review,therefore,investors make investment decisions entirely dependent on information disclosure of listed companies.However,in NEEQ rapid development process,information disclosure of listed company breaches are common,even serious cases of misrepresentation.Information disclosure has become the new short board in the development of one of NEEQ to a sustained and healthy development need to further improve information disclosure.Therefore,through the analysis of the basic theory of information disclosure and comparing the experiences of the main Board of China and the US OTCBB market information disclosure system,improve the information disclosure system of NEEQ.This thesis consists of introduction,body,conclusion of three parts,which the body is divided into three chapters:First chapter introduces the basic theories and the development status of information disclosure system in NEEQ,summarizes the characteristics of information disclosure system in NEEQ,and analysis of the existing problems and causes.Chapter two introduces the main Board of China of information disclosure system and OTCBB information disclosure system of the United States,and comparative analysis with the NEEQ,NEEQ information disclosure system of reference,new experiences and inspiration.Chapter three,according to the two chapters before present basic principles,situation analysis of information disclosure system of NEEQ,and reference to other information disclosure system of the securities market,and made recommendations on the improvement of NEEQ,including in particular:establishment of access system for information disclosure principals,establish a demand-driven system of information disclosure to investors,perfecting the system of differentiated information disclosure;strengthening the role of the hosting brokers in information disclosure;perfecting the responsibility system of information disclosure.