Listed Companies In China Investor Relations Management (irm)

The Investor Relations Management(simplified as IRM) has become every popular .Also it has become an inportant methold which could raisie a corporation's value in developed countries,such as America. IRM has become a practical and technological science . It commences lately in China,only untill 2003.The regulation bodies,CSRC and Stock Exchanges begin to promote the IRM among the listed companies.Especially in 2005,the reformation of the shares separation had been put in practice, the listed companies became to relize the significance of the IRM.Moreover, the IRM spread rapidly to more and more listed companies.The research of IRM become increasingly important.Tnvestors is the major cumsumers and the major damagers of the information distortion.The Chinese capital market has experienced the phase of adolescence and nostanderd,illegal cases arise frequently,the right and interest of investors have been threatened continually and the relationship between the listed compnies and investors is every tense. At the same time,the capital market efficiency is every low-level,the problem of information disclosure and investors's behalf protect is exigent . There are consensus that develop the IRM for the all market anctors.Therefore,based on the relevant researches of other people,the thesis employs the normative and institutional analysis ,recommends the origin and theory of IRM, analyzes the problems including the relations between the capital market and information,the significance of the IRM,restricting factors of IRM, the market conditions after the reformation of the shares separation,indicate the core of IRM is the information disclosure and information comunication .In the end,through a successfull case of IRM this paper summarises some experience for the listed companies.The thesis has worked out a conclusion: if the listed companies want to gain the trust from the investors only through IRM to strengthen information disclosure and information comunication,accordingly,achive the stock culture gradually and improving the captital market efficiency.