Legal basis: Regulations of China Securities Regulatory Commission on the Management System of Insider Information Disclosure of Listed Companies.
Article 4 Insider information shall have the obligation of confidentiality before the disclosure of insider information.
Article 5 A listed company shall, in accordance with these Provisions, establish and improve the management system for the registration of inside information, and formulate regulations for the confidentiality management and registration management of inside information before the inside information is publicly disclosed according to law.
Article 6 Before the inside information is publicly disclosed according to law, the listed company shall fill in the inside information insider files of the listed company in accordance with the regulations, and timely record the inside information insider lists in the stages of negotiation planning, argumentation consultation, contract conclusion and reporting, transmission, compilation, resolution and disclosure, as well as information such as the time, place, basis, method and content of knowing the inside information. Inside information should be confirmed.
According to the needs of preventing and controlling insider trading, the stock exchange makes specific provisions on the scope of major issues involved in the filing of insider information files, the specific content of filing, and the scope of filing personnel.