一、前言 证券市场,尤其是股票市场既是一个风险市场,同时也是一个机会市场。股价的波动,往往要受到消息面的影响,即人们对公司未来前景的预期将导致证券现在价格的变化。这些信息如何快而准地影响证券价格,则依赖于证券市场的有效性。所以说,建立一个健全完善的信息披露制度是确保证券市场交易公开、公平和公正的前提之一。 First, the preamble Securities market, especially the stock market is both a risk market, but also an opportunity market. Stock price volatility, often subject to the news, that people’s expectations of the company’s future prospects will lead to the current price of securities changes. How these information affects securities prices fast and accurately depends on the effectiveness of the securities market. Therefore, establishing a sound and complete information disclosure system is one of the prerequisites for ensuring that the securities market is open, fair and just.