Information Game and Regulation Research of China's Securities Market

Author: Zhang Yan
Publisher:
Publish Date: 2005-12-01
Features: This monograph is the first to propose research on information game and regulation in China's securities market. Information game refers to the competition among various participants in the securities market within the information operation system of the securities market, which includes information sources, information channels, and information reception and feedback, revolving around the authenticity, completeness, timeliness, and effectiveness of information. Information regulation, on the other hand, explores the mechanism design and policy measures of information regulation based on an in-depth analysis of information game behavior. It addresses issues such as inadequate market information reflection, information leakage during transmission, and distorted information interpretation at various stages of the securities market in reflecting market information. The goal is to alleviate the inefficiency and decline in securities market efficiency caused by these problems, enhance the efficiency of the securities market in reflecting market information, and ultimately form an effective securities market. In addition to the introduction, this monograph consists of two parts (Upper and Lower) and a total of 9 chapters.