有效的证券市场是建立在信息披露基础上的,健全完善的信息披露制度是确保证券市场交易公开、公平、公正的前提之一。上市公司信息披露的数量和质量,直接影响到投资者的判断和决策,关系到他们的合法权益能否得到保证,也关系到证券市场能否正常运行。纵观世界证券市场的发展历史,证券市场的发展无不伴随着信息披露制度的规范 An effective securities market is based on information disclosure. A sound and complete information disclosure system is one of the preconditions for ensuring that the securities market is open, fair and just. The quantity and quality of information disclosure of listed companies directly affect investors’ judgment and decision, and whether their legal rights and interests can be guaranteed or not, and whether the securities market can operate normally. Throughout the history of the development of the securities market in the world, the development of the securities market is accompanied by the norms of the information disclosure system