Study of Securities Disclosing Legal System
Bo Li
Abstract
Bo Li
Abstract
This essay first makes a rational analysis of securities disclosing system, which constitutes the core subject of modern securities market. Then it goes on to point out that it is the securities market failure that serves as the economic theory to justify the existence of securities disclosing system. Therefore, supported by related regulations in securities law of P.R.China, this essay elaborates in detail the information disclosing system established in the law.
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This essay first makes a rational analysis of securities disclosing system, which constitutes the core subject of modern securities market. Then it goes on to point out that it is the securities market failure that serves as the economic theory to justify the existence of securities disclosing system. Therefore, supported by related regulations in securities law of P.R.China, this essay elaborates in detail the information disclosing system established in the law.
Key concepts: Private placement, Third market, Broker-dealer, Hybrid security, Business, National best bid and offer, Investment banking, Point (geometry)