Research on Regulatory System of Securities Market Information Disclosure
Since the implementation of the revised Securities Law in March 2020,China's securities market has entered the era of registration-based system.The registration-based system emphasizes information disclosure.The new Securities Law elevates"continuous information disclosure"to a specialized chapter on"information disclosure",further strengthening information disclosure requirements.It also shifts regulatory focus from pre-approval to in-process and post-process supervision,marking the entry of listed companies'information disclosure into a phase of stringent supervision.However,there are still some pressing issues with the current information disclosure regulatory system in China.This paper analyzes the current status of information disclosure regulation in China and draws insights from foreign experience,proposing feasible suggestions for improving China's securities market regulation.