上市公司关联交易披露规则研究

Study on publicity rules for related transactions by listed companies

关联交易发生在彼此存在控制与被控制、影响与被影响的关联关系的特定主体之间,若缺乏相应法律监管和机制监管,为谋求一些不正当的利益,关联人和上市公司往往容易扭曲交易条件,会造成公司关联交易的不公正,从而影响国家、少数股东、债权人的利益以及上市公司自身的业绩和长远发展,甚至会影响证券市场的健康与规范发展。研究和规范上市公司的关联交易具有十分重要的现实意义。文章从关易和关联者的界定、关联交易中的信息披露原则及中国上市公司关联交易披露现状分析等方面论述了规范关联交易信息披露规则刻不容缓。

Related transactions are done between specific parties who are mutually controlled and influenced. Thus, for lack of supervision, there will be abnormal transactions between relaters and listed companles,and as a result, the profit of the country, some shareholders, some creditors and the listed companies will be affected. Furthermore, the healthy development of stock market will be affected. So, it is of great importance studying the related transactions by listed companies. It is urgent to manage the publicity urles for related transactions by listed companies from 3 respects： the definition of related transactions and relaters; information publicity rules in related transactions; and the status quo of related transactions by listed companies in China.