ABSTRACT

Recently, extra attention has been given to the ߢmanipulatorsߣ or ߢinsidersߣ within the Chinese securities market. Apart from other traditional economic crimes, civil offences and securities crimes conducted by listed companies imposed strong negative impacts on the Chinese securities market. It not only demolished the image of the listed companies, but also brought massive losses to investors. Reasons for the phenomenon are various; numerous researchers have focused on this issue already. However, it is argued in this chapter that the information disclosure system and stock exchanges as a whole can serve the purposes of control and preventing illicit and illegal conduct by the listed companies.