Countermeasure Research On Supervision Of Information Disclosure Of The List Company

As we all know, the stock market is a market of information flowing.In accordance with the relevant legal provisions the listed company shalldisclose certain information so that the investors can accord to therelease and collection of information of listed companies, and furtherto analysis and forecast, eventually becomes the investor’s investmentdecision and investment behavior. With the continuous development ofmarket economy, securities market in a major role in the development ofnational economy is also growing, the listed company informationdisclosure system with specification, protection for investors is alsogradually perfect. But at the same time, some problem in the process ofinformation disclosure of listed companies also gradually revealed,through the CSRC notification of cases in recent years, some listedcompanies in order to gain more interests for false disclosure, failedto fulfill the duty of disclosing, and deliberately concealing importantinformation such as selective disclosure, disclosure of information isnot timely, not actively caused the lag of information, and disclosureof information is inaccurate, incomplete, affect the validity of theinformation, to mislead investors. Investigate its the root of the problem,academic discussion that has two aspects: on the one hand is the creditcrisis of listed companies, most enterprises regardless of the good credit,desperate for a gain; On the other hand because of regulatory oversightis not comprehensive, not harmonious, the crackdown is not strong, makesome illegal information disclosure behavior can not get severepunishment, severe violations are difficult to curb even indulgence,cannot effectively put an end to illegal behavior. To protect the interests of investors, maintaining the stability of securities market,the listed company information disclosure behavior of effectiveregulation is necessary.Aiming at the problem of the listed company information disclosureregulation in our country, further perfect our country the listed companyinformation disclosure regulation, to find solutions of the difficulties,the need to intensify law enforcement, and crack down on illegaldisclosure behavior; To strengthen supervision of the securities serviceagencies, ensure the quality of financial information disclosure oflisted companies; Perfect civil compensation system, to guarantee theinvestors’ losses because of illegal disclosure of remedied and the newsmedia should play the role of supervision, build the truth for thesecurities market, the good environment of justice and fairness. Throughthese four aspects of research, especially the civil compensationresponsibility, for the information disclosure system of group litigationsystem of learning, can effectively make up for the information disclosuresystem of our country should be the lack of civil liability, consummatesour country the listed company information disclosure regulatory system.Thus, finally ensure that the interests of investors.Based on the issues emerging securities market in China, and targetedto the listed company information disclosure supervision system in Chinawere discussed, and put forward relevant effective measures to cope withthe situation, is of great significance for the perfection of thesecurities market in China, for the development of the national economyalso has a role in promoting.