Relgulation Analysis On Information Publishing Of Listed Company

From the viewpoint of new system economy the author ana1yzesthe systemic causes of pub1ishing information of 1istedcoITlPanies and point out that these causes iflclude both thedeficiency of the informat ion pub1 1shing system and the specia1Itramme1 s resu1t ing from the reform of state--owned enterpri sessuch as incomp1eteness of the property ri ght system reform ofthe state--owned capita1, no mechani sm of s1ecting the superiorones in stock issues, absence of 1isted company bankruptyact. These poor qua1ities might give 1isted company a chanceto revea1 inexact informat ion. So it i s imperat ive to estab1 i sha moden enterprise system which emphasizes the fe11owingcharacteri stics: "c1ear--cut property ri ghts", '' definiterespossibi 1 it ies and rights" ) '' separation of enterpri ses fromthe government "and "scient i fic management", to provide 1 istedcompanies with safeguards of iIIlProving qua1ities, to furtherperfect the information publishing system and put it intoeffect forcefu1Iy. 0n1y by doing this, wi11 the informationpub1ished by 1isted companies be in conformity with theprincip1e of "re1ative re1iabi1 ity" and wi 11 the obstac1eswhich hinder the hea1thy deve1opment of China's stock maTketsbe c1eared away.