중국의 신(新) 기업정보 공시제도에 관한 연구

Abstract

The recent demand for chinese corporate information is growing significantly due to beginning of Shanghai-Hong Kong Stock Connect, floating Chinese corporate on the Korean stock market, and increasing in investment between China and Korea. Unfortunately, the information of the Chinese corporate is not easy to collect and even if collected, there is a deep credibility gap. These factors results into ‘China discount.’ At the end of 2013, the Chinese government revised corporate finance for revitalizing the business start-up, and abolish minimum capital system, capital contribution verification report through the reform of the official registry system. Consequently it would facilitate a company establishment, but it is known that the company credit has problems. To make up for these defect, Chinese government developed the credit information disclosure system for enterprises nationwide (‘System’) and enacted supplementary law and regulations. The new System imposes a duty of disclosure on the enterprises, official administrative and government department. and provides to release information to the public. Therefore, the access to the enterprise information of registration, annual report, authorization and the administrative punishment could be retrieved from the System. It requires enterprise and government to provide the prompt correction and provides the administrative and criminal penalty for a violation of regulations. The enforcement of the new System would meet the demand for the Chinese enterprise information partly. And also the Korean company entered to the chinse market should be careful of performing these duties.