中美上市公司年报信息披露对比及其监管思考

A Comparison of Information Disclosure Rules for Listed Companies in China and the US

上市公司所披露的信息是资本市场信息的重要组成部分,是资本市场有序运行、资源合理配置的基础。对比中美上市公司在年度报告信息披露规范体系、披露时间、披露内容和披露监管等方面的差异,介绍美国上市公司年报信息披露的经验,将对我们思考如何进一步提高上市公司年报信息披露质量提供借鉴意义。

Information disclosed by listed companies is an important part of capital market transparency. This article compares the different disclosure standards for Chinese and American listed companies in terms of disclosure content and timing as well as supervision. It reviews the experience of US listed companies and provides a reference for improving the quality of listed company information disclosure in China.