China Securities Regulatory Commission revises the administrative measures for information disclosure of listed companies

category:Finance
 China Securities Regulatory Commission revises the administrative measures for information disclosure of listed companies


Information disclosure is the legal obligation of listed companies and the key to solve the problem of asymmetric information between investors and management. The head of relevant departments of the CSRC said that the core of supervision of listed companies is to urge enterprises to disclose information truthfully, accurately, completely, timely and fairly, so as to give investors a real listed company. The amendment further emphasizes the basic principles of information disclosure, improves the interim reporting requirements, strengthens the responsibilities of the board of directors in the disclosure of periodic reports, and implements the requirements of the new securities law. The revision of the new securities law has set up a special chapter on information disclosure, highlighting the important role of information disclosure, improving the principle of credit, disclosure items, liability for compensation, etc., and at the same time, it has greatly increased the cost of violation of laws and regulations.