On the Adequate Information Disclosure of Listed Companies

China has groped for and set up an information disclosure system for listed companies. But in practice, the system is undermined by the false, inadequate or retarded accounting information. The author suggests to strengthen the current system of information disclosure by listed companies, to consolidate the accounting control and supervision inside the listed companies and the disciplinary duties of the outside auditing department, and to enhance the qualifications of financial staff in listed companies.