试论我国证券信息动态披露制度的建立

On the Establishment of China's Securities Dynamic Information Disclosure System

信息披露制度是证券市场监管制度的基石。证券信息动态披露制度的建立,有其重要的现实意义,而由于证券信息动态披露制度具有强制性、单向性和程式性等法律特征,因此借鉴美国证券信息披露制度,建立我国证券信息动态披露制度既要完善企业法人治理结构,又要完善证券信息动态披露的监管体制,只有这样,才能推进我国多层次资本市场体系的最终建立。此外还要健全证券信息动态披露的有关法规制度和强化违反信息动态披露的责任追究制度。

The information disclosure system is the cornerstone of the regulatory system of securities market.The establishment of China＇s securities dynamic information disclosure system has important practical significance,however,it has legal characteristics,such as enforceability,unipolarity and program,etc.Based on learning from the U.S.securities information disclosure system,establishment of dynamic information disclosure system in China should not only improve the corporate governance structure,but also improve its regulatory system.Only in this way,can we promote the eventual establishment of China＇s multi-level capital market system.Moreover,we should perfect relevant laws of securities dynamic information disclosure system and strengthen accountability system violating dynamic information disclosure system.