ABSTRACT
The Chinese securities market has gained significant developments in the last few years. Information disclosure, as one of the central issues in the securities market, has been established gradually. It directly influences the trading price of securities and subsequently imposes an impact on the distribution of profits. At the same time, it is also one of the principal approaches for the effective regulation and supervision of the securities market. Moreover, the global financial market is in the forefront of evolution. Whilst the creation and application of complex financial products and new technology are more frequent, the occurrence of cross border financial activity is increasing. Many financial crimes, such as insider dealing and market manipulation, are related to the failure to disclose information. Much has been said, much has been written and much has been researched regarding transparency and disclosure in the recent financial crisis, all of these comments suggest an enhanced regulatory regime for information disclosure.
