Abstract:

Interim Regulation on Enterprise Information Disclosure taking effect on October 1st，2014 handles the creditor
protection from the information disclosure after the promulgation of the new Corporation Law. However，the Regulation
is not on a level with Corporation Law，and its content should be completed. Law theorists disagree on the legal property
of commercial registration. The author holds that commercial registration is“a procedure of recording juristal facts”，and
information disclosure system is one of the important contents of commercial registration. The promulgation of the Regulation
plays a positive role in China’s commercial registration system. And more systems like notary system and enterprise credit
ranking system should be introduced in order to complete the Regulation.

Key words: commercial registration, adverse selection, information symmetry, value neutrality, public law, private law