【正文】 inevitably difficult to satisfy their information need. Therefore, the extraneous information user on the existence to the businessmanagement authority disclosed voluntarily some information help policymaking the demand. We believed that,every the one which does not fall in the scope of the pulsory information disclosure content stipulation, and be helpful to the benefit counterparts to the policymaking information, all may be defined as the voluntary information disclosure. United States Financial Accounting Standards Board (FASB) in 2020 on the voluntary disclosure of the contents of information provides as follows: operational data, the analysis of the data management, and forwardlooking information, relating to the management and shareholders of the information, not be confirmed in statements of intangible assets. Therefore, China should and must make a prehensive and indepth investigation for stakeholder information needs, and model the frame which the Stering mittee proposed in FASB, namely confirmed some information is whether useful, by this to decide to provide the information or not, and standardize the content of the information disclosure. When the accounting standard setters sector and the securities regulatory departments are in the formulation of policies and programs should take into account that how to guide enterprises to carry out some of the disclosure of private information, and the securities regulatory departments should be introduced listed panies to disclose information voluntarily charter guidelines as soon as possible, to encourage and regulate listed panies voluntarily information disclosure. References [1]Kai Xiang. (2020). Listed panies to disclose information voluntarily Cause of Economic Analysis of the. Accounting Communications, (5). [2]Xianzhong Song. (2020). Enterprise core petencies of the voluntary disclosure of information. Accounting Research, (2) [3]Derong Zhang. (2020). Enterprise voluntary disclosure of information. Accounting Digest, (1) [4]HongYin. (2020). Optimization of China39。 Fifth, the parative, whether the pulsory information disclosure is mandatory or not, it can be the standards of judgment for the quality of reference standards. Giving full attention to the role of market intermediaries to establish the authority of the disclosure of pany information quality evaluation system Listed panies should strengthen munication with institutional investors, brokers, securities analysts and other market intermediaries. Understanding the pany39。 Third, dynamic, longterm voluntary listed panies to disclose certain information, and constantly adjusted to improve the reliability of information。s voluntary disclosure of information act to protect them. Deliberate manipulation and accidental factors belong to different nature of the situations and treat them differently. It should investigate the law liability to parties in the first case. Otherwise, only the listed panies have adequate evidences and can explain reasonably, don’t look into their liability. Strengthen supervising and managing prevent to disclose the false information at will and protect the market order Once the voluntary disclosure information published, it must accept the essential surveillance and the restraint equally with the pulsory disclosure information. But voluntary information disclosure is still lack essential surveillance rules currently, should establish a set of voluntary information disclosure supervising and managing system, standard voluntary information quality. For example: to establish voluntary information assurance and pensation system, to perform the heavy fine to the enterprise which misleads the investor and so on. The negotiable securities supervising and managing department and the Exchanges should strengthen supervising and managing to voluntary information disclosure market, prevent to disclose the false information at will, protects the market order. The voluntary information disclosure supervising and managing should contain following several aspects: First, integrity, listed panies voluntarily disclose of the information are both positi