跨境证券上市信息披露制度法律研究

发布时间：2018-04-01 17:15

本文选题：跨境上市　切入点：信息披露　出处：《厦门大学》2014年硕士论文

【摘要】：伴随着世界经济全球化的加剧,我国市场经济也迎来了新的发展契机。我国境内证券市场发展的国际化水平越来越高,证券市场的国际融合趋势不可阻挡,跨境多市场上市的现象日益增多。同时中国企业越来越多地走向世界资本市场以及中国资本市场吸引境外公司上市融资,跨境上市的法律监管问题越来越重要。其中信息披露制度的分析研究具有价值,并且十分紧迫。与境内上市相比,因为跨境证券上市跨越“多国法域”,上市过程中涉及的信息披露在披露方式和内容、法律法规的适用、监管措施的实施等多方面都有与国内上市的不同之处,因此跨境证券上市本身的复杂性就使得与其相关的信息披露制度具有特殊性。当今,我国经济实力不断加强,许多的公司纷纷瞄准海外市场,陆续在国外上市；同时又有很多境外企业希望在我国境内上市。但是由于信息披露制度方面的不完善,就导致一些跨境证券上市纠纷案件的发生。因此,本文主要以概论信息披露制度的内涵及其主要问题为基础,分析比较国外不同的信息披露制度,展开对跨境证券上市信息披露制度的探讨,从而提出对我国跨境证券上市信息披露制度进一步完善的建议。文章除引言和结语外,共分为三章。第一章首先介绍了跨境证券上市的内涵,分析了信息披露制度以及跨境证券上市中信息披露制度的特殊性,为下文具体展开跨境证券上市信息披露制度的分析做了铺垫,同时明确了相关概念。第二章首先概述了跨境证券上市信息披露制度的基本原则,同时研究了信息披露内容的选择。接着具体分析了跨境证券上市信息披露制度的主要问题,涉及持续信息披露、语言及可理解性、会计准则适用以及违法信息披露及其责任等问题,最后采用比较的方式分析了美国、日本、英国信息披露制度的相关规定,为第三章提出相关建议做了铺垫。第三章在上一章的基础上,针对我国面临跨境证券上市监管的实际情况,借鉴国内外最新的制度规定,对完善我国跨境证券上市信息披露制度进行了理论分析,最后提出了完善我国跨境证券上市信息披露制度的具体建议。
[Abstract]:With the development of world economic globalization, China's market economy has ushered in a new opportunity for development. The development of China's domestic securities market increasingly high international level, the international trend of the integration of the stock market can not be blocked, the phenomenon of listing cross board is increasing. At the same time, more and more Chinese enterprises enter into the international capital market and China attract capital market listing and financing overseas companies, legal supervision of cross-border listing has become more and more important. The value analysis of information disclosure system, and is very urgent.
Compared with the domestic market, because cross-border securities listed across the "multi domain method", the listing process involved in the disclosure of information disclosure and content of applicable laws and regulations, regulatory measures and other aspects are different from the domestic market, so the complexity of cross-border securities market itself makes disclosure related the information system is special. Today, China's economic strength has been continuously strengthened, many companies have targeted overseas markets, have been listed abroad; at the same time there are many overseas listed companies hope in China. But due to the information disclosure system is not perfect, leading some cross-border listing of securities disputes. Therefore in this paper, an introduction to the information disclosure system of the connotation and main problems based on analysis and comparison of different foreign information disclosure system, expand cross-border securities listed on the letter Discussion on interest disclosure system, and put forward suggestions for further improvement of information disclosure system of cross border securities listing in China. Besides introduction and conclusion, the article is divided into three chapters.
The first chapter introduces the connotation of cross-border securities listing, analyzes the particularity of information disclosure system and the information disclosure system in cross-border securities listing, laying the groundwork for the detailed analysis of the information disclosure system of cross border securities listed below, and clarifies relevant concepts.
The second chapter introduces the basic principles of information disclosure system of listed cross-border securities, at the same time on the information disclosure. Then analyzes the main problems of cross-border listing of securities information disclosure system, involving continuous disclosure of information, language and understanding, the applicable accounting standards and the illegal information disclosure and liability issues, the final analysis of the the United States, a comparative approach in Japan, the relevant provisions of the information disclosure system of Britain, the third chapter puts forward relevant suggestions to do the groundwork.
The third chapter on the basis of chapter three, according to the actual situation of our country is facing cross-border supervision of listed securities, referring to the latest domestic and international regulations, to improve China's cross-border listing of securities information disclosure system is analyzed, finally puts forward some specific suggestions of China's cross-border listing of securities information disclosure system.

【学位授予单位】：厦门大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：D922.287

【参考文献】