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WTO’s institutionalized impact from two perspectives of the liberalization of the securities market and the role of government in the supervision of the securities market makes possible the Opening up of China’s securities market.A strict and well-run information disclosure system of listed companies accords with the value orientation of the transparency principle and serves as the cornerstone principle to develop modern securities market.This thesis discusses various theories on the information disclosure and proposes some useful suggestions.
WTO’s institutionalized impact from two perspectives of the liberalization of the securities market and the role of government in the supervision of the securities market makes possible the opening up of China’s securities market. A strict and well-run information disclosure system of listed companies accords with the value orientation of the transparency principle and serves as the cornerstone principle to develop modern securities market.