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随着上市公司限售流通股的陆续解禁,资本市场正在进入一个博弈重构的股份全流通时代,上市公司虚假信息披露的动机和手段也呈现出新的变化和特点。在此背景下,防范和遏制虚假信息披露、保护投资者合法权益就显得尤为迫切。一、全流通时代上市公司虚假信息披露的动机股权分置改革前,上市公司虚假信息披露的动机主
With the release of restricted shares of listed companies, the capital market is entering an era of full circulation of shares with game reform. The motives and means of disclosure of false information in listed companies also show new changes and characteristics. Against this background, it is especially urgent to prevent and curb false information disclosure and protect the legitimate rights and interests of investors. I. Circumstances of Disclosure of False Information in Listed Companies in the Circulation Period Before the Separation of Shares Structure, Motivators of Disclosure of False Information of Listed Companies