当前我国证券市场上市公司存在许多不规范不正当披露，本文将其归结为选择性披露。

There exist many problems about information disclosure on China Stock Market nowadays, which are irregular and improper, which is called selective disclosure in this thesis.

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上市公司、商业秘密保护、信息披露、利益平衡、博弈论、选择性披露、最低披露义务。

Listed Companies, Trade Secret Protection, Information disclosure, balance of interests, Game Theory, Selective disclosure, Minimum disclosure obligations.

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这说明我国上市公司在进行选择性披露决策时不仅考虑了产品市场竞争因素，同时也兼顾了金融市场上的利益。

It means that when making discretionary disclosure, listed companies of China take both product market competition factors and financial market competition factors into account.

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