信息披露义务是证券发行人或上市公司的法定义务,信息公开是证券市场的主要特点,信息披露是证券法的核心,它贯穿于证券发行、上市、交易的始终。信息披露义务不仅有着深厚的经济学理论基础,而且有着极为重要的法学理念,本文从公平、效率、秩序三个方面来论证该义务蕴涵的法学理念。 Information disclosure obligation is the legal obligation of the issuer or listed company. Information disclosure is the main feature of the securities market. Information disclosure is the core of the securities law. It runs through the issuance, listing and trading of securities. The obligation of information disclosure not only has a profound theoretical foundation of economics, but also has an extremely important concept of jurisprudence. This article argues the jurisprudence contained in the obligation from three aspects: fairness, efficiency and order.