新《证券法》背景下信息披露制度的变革路径探索——以“瑞幸咖啡”事件为研究视角

Exploration of the Reform Path of Information Disclosure System under the Background of New Securities Law--Taking the Luckin Coffee as a Research Perspective

瑞幸咖啡利用中国人对咖啡的独特需求,以树立中国本土化咖啡品牌作为集资陷阱,短时间内迅速吸金20多亿美金。作为金融界的新秀,瑞幸咖啡在自身经营方面却频频爆雷,先是浑水公司的一份报告指出其交易作伪,又遭受美国律所联名诉讼,中国的市场经济制度信息披露问题面临外界质疑。本文通过对瑞幸咖啡事件始末进行分析,指出当前中国资本市场信息披露制度存在的不足,旨为构建新证券法背景下信息披露制度革新作出有益的探索。

Luckin coffee took advantage of the unique demand of Chinese people for coffee and set up a local coffee brand in China as a funding trap.In a short time,luckin coffee quickly attracted more than 2 billion US dollars.As a new star in the financial industry,Luckin coffee has been frequently exposed in its own business.First,a report by Muddy Waters pointed out that its trading was falsified,and it was also subjected to a joint lawsuit by American law firms.The information disclosure of China's market economy system was questioned by the outside world.By analyzing the luckin coffee event from beginning to end,this paper points out the shortcomings of the information disclosure system in The current Chinese capital market,aiming to make a beneficial exploration for the innovation of information disclosure system under the background of building a new securities law.