The Research Of Publication And Supervision Of The Accounting Information Of The Listed Companies Of China

The information concerning anything important of the corporations published by the listed companies is the cornerstone of the sound existence and development of the stock market of China. An effective stock market can only be maintained through publication of the true, complete and timely information of the listed companies. Since the stock market was set up, a series of legal rules and regulations have been enacted by the legislature, such as the Securities Law, the Corporation Law, the Provisional Regulations of Supervisory Control of Stock Issuance and Transaction, the Operative Bylaws of Publication of the Information of the Company Issuing Stocks to the Public, the Managerial Approaches to Stock Exchange and so on and so forth, which formed a preliminary scheme of the supervisory control of publication of the accounting information of the listed companies of China. Judged from a series of the accounting scandals which were disclosed in our country, such as "Hongguangshiye", "Qiongminyuan" "Daqinglianyi, "Zhengbaiwen", "Yinguangxia", etc and the present problems of publication of the accounting information of the listed companies of our country, the unusual way and low level of publication of the accounting information of the listed companies in our stock market has greatly harmed the investors' confidence in the accounting information published by the listed companies. It is clear that investors cannot use false, incomplete and out-of-date information that might have misled them to make their decisions of investment in the stock market. If publication of the accounting information of the listed companies is not supervised strictly by the controlling organizations, the false, incomplete and out-of-date accounting information of the listed companies will certainly run amuck, which will also harm the ordinary investors' confidence of their operation of investment in the stock market of China, which will in turn decrease the effectiveness of resources allocation of the stock market and proper operation of it. Thus, to enhance the supervision of the stock market, especially the supervisory control of publication of the accounting information of the listed companies, remains the central issue which our economic theorists and pragmatists are showing great solicitude for.Through the normal way of research which follows the principle of combining theory with practice, basing on the concepts of supervision of publication of the accounting information of the listed companies, asymmetrical theory, economics of...