id	sid	tid	token	lemma	pos
elp-41271	1	1	economics	economic	NOUN
elp-41271	1	2	,	,	PUNCT
elp-41271	1	3	law	law	NOUN
elp-41271	1	4	and	and	CCONJ
elp-41271	1	5	policy	policy	NOUN
elp-41271	1	6	issn	issn	VERB
elp-41271	1	7	2576	2576	NUM
elp-41271	1	8	-	-	SYM
elp-41271	1	9	2060	2060	NUM
elp-41271	1	10	(	(	PUNCT
elp-41271	1	11	print	print	NOUN
elp-41271	1	12	)	)	PUNCT
elp-41271	1	13	issn	issn	PROPN
elp-41271	1	14	2576	2576	NUM
elp-41271	1	15	-	-	SYM
elp-41271	1	16	2052	2052	NUM
elp-41271	1	17	(	(	PUNCT
elp-41271	1	18	online	online	ADJ
elp-41271	1	19	)	)	PUNCT
elp-41271	1	20	vol	vol	NOUN
elp-41271	1	21	.	.	PROPN
elp-41271	2	1	7	7	NUM
elp-41271	2	2	,	,	PUNCT
elp-41271	2	3	no	no	INTJ
elp-41271	2	4	.	.	NOUN
elp-41271	2	5	1	1	NUM
elp-41271	2	6	,	,	PUNCT
elp-41271	2	7	2024	2024	NUM
elp-41271	2	8	www.scholink.org/ojs/index.php/elp	www.scholink.org/ojs/index.php/elp	NOUN
elp-41271	2	9	166	166	NUM
elp-41271	2	10	original	original	ADJ
elp-41271	2	11	paper	paper	NOUN
elp-41271	2	12	the	the	DET
elp-41271	2	13	construction	construction	NOUN
elp-41271	2	14	of	of	ADP
elp-41271	2	15	chinese	chinese	ADJ
elp-41271	2	16	securities	security	NOUN
elp-41271	2	17	fraud	fraud	NOUN
elp-41271	2	18	rules	rule	VERB
elp-41271	2	19	zhu	zhu	PROPN
elp-41271	2	20	pei	pei	PROPN
elp-41271	2	21	1	1	NUM
elp-41271	2	22	1	1	NUM
elp-41271	2	23	bocom	bocom	NOUN
elp-41271	2	24	,	,	PUNCT
elp-41271	2	25	zhejiang	zhejiang	PROPN
elp-41271	2	26	province	province	PROPN
elp-41271	2	27	,	,	PUNCT
elp-41271	2	28	hangzhou	hangzhou	PROPN
elp-41271	2	29	,	,	PUNCT
elp-41271	2	30	china	china	PROPN
elp-41271	2	31	received	receive	VERB
elp-41271	2	32	:	:	PUNCT
elp-41271	2	33	april	april	PROPN
elp-41271	2	34	20	20	NUM
elp-41271	2	35	,	,	PUNCT
elp-41271	2	36	2024	2024	NUM
elp-41271	2	37	accepted	accept	VERB
elp-41271	2	38	:	:	PUNCT
elp-41271	2	39	june	june	PROPN
elp-41271	2	40	10	10	NUM
elp-41271	2	41	,	,	PUNCT
elp-41271	2	42	2024	2024	NUM
elp-41271	2	43	online	online	ADV
elp-41271	2	44	published	publish	VERB
elp-41271	2	45	:	:	PUNCT
elp-41271	2	46	june	june	PROPN
elp-41271	2	47	13	13	NUM
elp-41271	2	48	,	,	PUNCT
elp-41271	2	49	2024	2024	NUM
elp-41271	2	50	doi:10.22158	doi:10.22158	NOUN
elp-41271	2	51	/	/	SYM
elp-41271	2	52	elp.v7n1p166	elp.v7n1p166	NOUN
elp-41271	2	53	url	url	NOUN
elp-41271	2	54	:	:	PUNCT
elp-41271	2	55	http://dx.doi.org/10.22158/elp.v7n1p166	http://dx.doi.org/10.22158/elp.v7n1p166	NOUN
elp-41271	2	56	abstract	abstract	ADJ
elp-41271	2	57	building	build	VERB
elp-41271	2	58	an	an	DET
elp-41271	2	59	effective	effective	ADJ
elp-41271	2	60	and	and	CCONJ
elp-41271	2	61	fair	fair	ADJ
elp-41271	2	62	legal	legal	ADJ
elp-41271	2	63	system	system	NOUN
elp-41271	2	64	is	be	AUX
elp-41271	2	65	one	one	NUM
elp-41271	2	66	of	of	ADP
elp-41271	2	67	the	the	DET
elp-41271	2	68	ultimate	ultimate	ADJ
elp-41271	2	69	goals	goal	NOUN
elp-41271	2	70	of	of	ADP
elp-41271	2	71	china	china	PROPN
elp-41271	2	72	’s	’s	PART
elp-41271	2	73	capital	capital	NOUN
elp-41271	2	74	market	market	NOUN
elp-41271	2	75	construction	construction	NOUN
elp-41271	2	76	.	.	PUNCT
elp-41271	3	1	to	to	PART
elp-41271	3	2	protect	protect	VERB
elp-41271	3	3	minority	minority	NOUN
elp-41271	3	4	investors	investor	NOUN
elp-41271	3	5	,	,	PUNCT
elp-41271	3	6	changes	change	NOUN
elp-41271	3	7	has	have	AUX
elp-41271	3	8	been	be	AUX
elp-41271	3	9	made	make	VERB
elp-41271	3	10	in	in	ADP
elp-41271	3	11	recent	recent	ADJ
elp-41271	3	12	years	year	NOUN
elp-41271	3	13	,	,	PUNCT
elp-41271	3	14	especially	especially	ADV
elp-41271	3	15	rules	rule	VERB
elp-41271	3	16	about	about	ADP
elp-41271	3	17	securities	security	NOUN
elp-41271	3	18	fraud	fraud	NOUN
elp-41271	3	19	.	.	PUNCT
elp-41271	4	1	though	though	SCONJ
elp-41271	4	2	china	china	PROPN
elp-41271	4	3	constantly	constantly	ADV
elp-41271	4	4	reform	reform	VERB
elp-41271	4	5	its	its	PRON
elp-41271	4	6	securities	security	NOUN
elp-41271	4	7	regulation	regulation	NOUN
elp-41271	4	8	system	system	NOUN
elp-41271	4	9	,	,	PUNCT
elp-41271	4	10	whether	whether	SCONJ
elp-41271	4	11	is	be	AUX
elp-41271	4	12	it	it	PRON
elp-41271	4	13	a	a	DET
elp-41271	4	14	perfect	perfect	ADJ
elp-41271	4	15	solution	solution	NOUN
elp-41271	4	16	to	to	PART
elp-41271	4	17	transplant	transplant	VERB
elp-41271	4	18	the	the	DET
elp-41271	4	19	regulation	regulation	NOUN
elp-41271	4	20	in	in	ADP
elp-41271	4	21	us	us	PROPN
elp-41271	4	22	securities	security	NOUN
elp-41271	4	23	market	market	NOUN
elp-41271	4	24	remains	remain	VERB
elp-41271	4	25	unknown	unknown	ADJ
elp-41271	4	26	.	.	PUNCT
elp-41271	5	1	this	this	DET
elp-41271	5	2	article	article	NOUN
elp-41271	5	3	is	be	AUX
elp-41271	5	4	to	to	PART
elp-41271	5	5	critically	critically	ADV
elp-41271	5	6	examine	examine	VERB
elp-41271	5	7	china	china	PROPN
elp-41271	5	8	’s	’s	PART
elp-41271	5	9	securities	securities	PROPN
elp-41271	5	10	fraud	fraud	PROPN
elp-41271	5	11	regulation	regulation	PROPN
elp-41271	5	12	,	,	PUNCT
elp-41271	5	13	both	both	CCONJ
elp-41271	5	14	from	from	ADP
elp-41271	5	15	the	the	DET
elp-41271	5	16	perspective	perspective	NOUN
elp-41271	5	17	of	of	ADP
elp-41271	5	18	practice	practice	NOUN
elp-41271	5	19	and	and	CCONJ
elp-41271	5	20	theory	theory	NOUN
elp-41271	5	21	.	.	PUNCT
elp-41271	6	1	it	it	PRON
elp-41271	6	2	is	be	AUX
elp-41271	6	3	argued	argue	VERB
elp-41271	6	4	that	that	SCONJ
elp-41271	6	5	the	the	DET
elp-41271	6	6	impact	impact	NOUN
elp-41271	6	7	of	of	ADP
elp-41271	6	8	these	these	DET
elp-41271	6	9	changes	change	NOUN
elp-41271	6	10	has	have	VERB
elp-41271	6	11	the	the	DET
elp-41271	6	12	common	common	ADJ
elp-41271	6	13	goal	goal	NOUN
elp-41271	6	14	and	and	CCONJ
elp-41271	6	15	that	that	SCONJ
elp-41271	6	16	they	they	PRON
elp-41271	6	17	will	will	AUX
elp-41271	6	18	make	make	VERB
elp-41271	6	19	profound	profound	ADJ
elp-41271	6	20	basis	basis	NOUN
elp-41271	6	21	on	on	ADP
elp-41271	6	22	capital	capital	NOUN
elp-41271	6	23	market	market	NOUN
elp-41271	6	24	.	.	PUNCT
elp-41271	7	1	keywords	keyword	VERB
elp-41271	7	2	securities	security	NOUN
elp-41271	7	3	regulation	regulation	NOUN
elp-41271	7	4	,	,	PUNCT
elp-41271	7	5	the	the	DET
elp-41271	7	6	reform	reform	NOUN
elp-41271	7	7	of	of	ADP
elp-41271	7	8	chinese	chinese	ADJ
elp-41271	7	9	securities	security	NOUN
elp-41271	7	10	law	law	NOUN
elp-41271	7	11	,	,	PUNCT
elp-41271	7	12	legal	legal	ADJ
elp-41271	7	13	transplantation	transplantation	NOUN
elp-41271	7	14	1	1	NUM
elp-41271	7	15	.	.	PUNCT
elp-41271	8	1	introduction	introduction	NOUN
elp-41271	8	2	in	in	ADP
elp-41271	8	3	recent	recent	ADJ
elp-41271	8	4	years	year	NOUN
elp-41271	8	5	,	,	PUNCT
elp-41271	8	6	the	the	DET
elp-41271	8	7	regulation	regulation	NOUN
elp-41271	8	8	of	of	ADP
elp-41271	8	9	china	china	PROPN
elp-41271	8	10	’s	’s	PART
elp-41271	8	11	securities	security	NOUN
elp-41271	8	12	market	market	NOUN
elp-41271	8	13	has	have	AUX
elp-41271	8	14	been	be	AUX
elp-41271	8	15	constantly	constantly	ADV
elp-41271	8	16	explored	explore	VERB
elp-41271	8	17	.	.	PUNCT
elp-41271	9	1	the	the	DET
elp-41271	9	2	whole	whole	ADJ
elp-41271	9	3	fundamental	fundamental	ADJ
elp-41271	9	4	structure	structure	NOUN
elp-41271	9	5	was	be	AUX
elp-41271	9	6	established	establish	VERB
elp-41271	9	7	by	by	ADP
elp-41271	9	8	1988	1988	NUM
elp-41271	9	9	prc	prc	PROPN
elp-41271	9	10	securities	security	NOUN
elp-41271	9	11	law	law	NOUN
elp-41271	9	12	.	.	PUNCT
elp-41271	10	1	the	the	DET
elp-41271	10	2	revised	revise	VERB
elp-41271	10	3	rules	rule	NOUN
elp-41271	10	4	in	in	ADP
elp-41271	10	5	misrepresentation	misrepresentation	NOUN
elp-41271	10	6	in	in	ADP
elp-41271	10	7	the	the	DET
elp-41271	10	8	2019	2019	NUM
elp-41271	10	9	revision	revision	NOUN
elp-41271	10	10	of	of	ADP
elp-41271	10	11	the	the	DET
elp-41271	10	12	prc	prc	PROPN
elp-41271	10	13	securities	security	NOUN
elp-41271	10	14	law	law	NOUN
elp-41271	10	15	and	and	CCONJ
elp-41271	10	16	the	the	DET
elp-41271	10	17	following	follow	VERB
elp-41271	10	18	rules	rule	NOUN
elp-41271	10	19	in	in	ADP
elp-41271	10	20	2022	2022	NUM
elp-41271	10	21	made	make	VERB
elp-41271	10	22	significant	significant	ADJ
elp-41271	10	23	progress	progress	NOUN
elp-41271	10	24	in	in	ADP
elp-41271	10	25	dealing	deal	VERB
elp-41271	10	26	with	with	ADP
elp-41271	10	27	the	the	DET
elp-41271	10	28	false	false	ADJ
elp-41271	10	29	statement	statement	NOUN
elp-41271	10	30	on	on	ADP
elp-41271	10	31	the	the	DET
elp-41271	10	32	securities	security	NOUN
elp-41271	10	33	market	market	NOUN
elp-41271	10	34	.	.	PUNCT
elp-41271	11	1	false	false	ADJ
elp-41271	11	2	statements	statement	NOUN
elp-41271	11	3	in	in	ADP
elp-41271	11	4	the	the	DET
elp-41271	11	5	securities	security	NOUN
elp-41271	11	6	market	market	NOUN
elp-41271	11	7	refer	refer	VERB
elp-41271	11	8	to	to	ADP
elp-41271	11	9	significant	significant	ADJ
elp-41271	11	10	false	false	ADJ
elp-41271	11	11	,	,	PUNCT
elp-41271	11	12	misleading	misleading	ADJ
elp-41271	11	13	,	,	PUNCT
elp-41271	11	14	omitted	omit	VERB
elp-41271	11	15	,	,	PUNCT
elp-41271	11	16	or	or	CCONJ
elp-41271	11	17	inappropriate	inappropriate	ADJ
elp-41271	11	18	disclosure	disclosure	NOUN
elp-41271	11	19	of	of	ADP
elp-41271	11	20	information	information	NOUN
elp-41271	11	21	related	relate	VERB
elp-41271	11	22	to	to	ADP
elp-41271	11	23	securities	security	NOUN
elp-41271	11	24	issuance	issuance	NOUN
elp-41271	11	25	,	,	PUNCT
elp-41271	11	26	trading	trading	NOUN
elp-41271	11	27	,	,	PUNCT
elp-41271	11	28	and	and	CCONJ
elp-41271	11	29	related	related	ADJ
elp-41271	11	30	activities	activity	NOUN
elp-41271	11	31	disclosed	disclose	VERB
elp-41271	11	32	by	by	ADP
elp-41271	11	33	relevant	relevant	ADJ
elp-41271	11	34	entities	entity	NOUN
elp-41271	11	35	or	or	CCONJ
elp-41271	11	36	actors	actor	NOUN
elp-41271	11	37	in	in	ADP
elp-41271	11	38	the	the	DET
elp-41271	11	39	securities	security	NOUN
elp-41271	11	40	market	market	NOUN
elp-41271	11	41	.	.	PUNCT
elp-41271	12	1	such	such	ADJ
elp-41271	12	2	deceptive	deceptive	ADJ
elp-41271	12	3	information	information	NOUN
elp-41271	12	4	results	result	NOUN
elp-41271	12	5	to	to	ADP
elp-41271	12	6	investors	investor	NOUN
elp-41271	12	7	participating	participate	VERB
elp-41271	12	8	in	in	ADP
elp-41271	12	9	securities	security	NOUN
elp-41271	12	10	or	or	CCONJ
elp-41271	12	11	trading	trading	NOUN
elp-41271	12	12	activities	activity	NOUN
elp-41271	12	13	without	without	ADP
elp-41271	12	14	understanding	understand	VERB
elp-41271	12	15	the	the	DET
elp-41271	12	16	true	true	ADJ
elp-41271	12	17	situation	situation	NOUN
elp-41271	12	18	.	.	PUNCT
elp-41271	13	1	due	due	ADP
elp-41271	13	2	to	to	ADP
elp-41271	13	3	the	the	DET
elp-41271	13	4	basis	basis	NOUN
elp-41271	13	5	of	of	ADP
elp-41271	13	6	the	the	DET
elp-41271	13	7	modern	modern	ADJ
elp-41271	13	8	securities	security	NOUN
elp-41271	13	9	market	market	NOUN
elp-41271	13	10	is	be	AUX
elp-41271	13	11	a	a	DET
elp-41271	13	12	such	such	ADJ
elp-41271	13	13	common	common	ADJ
elp-41271	13	14	sense	sense	NOUN
elp-41271	13	15	,	,	PUNCT
elp-41271	13	16	that	that	SCONJ
elp-41271	13	17	the	the	DET
elp-41271	13	18	market	market	NOUN
elp-41271	13	19	can	can	AUX
elp-41271	13	20	function	function	VERB
elp-41271	13	21	well	well	ADV
elp-41271	13	22	under	under	ADP
elp-41271	13	23	the	the	DET
elp-41271	13	24	circumstance	circumstance	NOUN
elp-41271	13	25	that	that	PRON
elp-41271	13	26	the	the	DET
elp-41271	13	27	company	company	NOUN
elp-41271	13	28	provide	provide	VERB
elp-41271	13	29	all	all	DET
elp-41271	13	30	subjective	subjective	ADJ
elp-41271	13	31	information	information	NOUN
elp-41271	13	32	,	,	PUNCT
elp-41271	13	33	including	include	VERB
elp-41271	13	34	financial	financial	ADJ
elp-41271	13	35	and	and	CCONJ
elp-41271	13	36	operating	operate	VERB
elp-41271	13	37	status	status	NOUN
elp-41271	13	38	,	,	PUNCT
elp-41271	13	39	while	while	SCONJ
elp-41271	13	40	the	the	DET
elp-41271	13	41	investors	investor	NOUN
elp-41271	13	42	are	be	AUX
elp-41271	13	43	able	able	ADJ
elp-41271	13	44	to	to	PART
elp-41271	13	45	make	make	VERB
elp-41271	13	46	rational	rational	ADJ
elp-41271	13	47	judgement	judgement	NOUN
elp-41271	13	48	on	on	ADP
elp-41271	13	49	investment	investment	NOUN
elp-41271	13	50	.	.	PUNCT
elp-41271	14	1	the	the	DET
elp-41271	14	2	main	main	ADJ
elp-41271	14	3	responsibility	responsibility	NOUN
elp-41271	14	4	of	of	ADP
elp-41271	14	5	government	government	NOUN
elp-41271	14	6	or	or	CCONJ
elp-41271	14	7	other	other	ADJ
elp-41271	14	8	regulative	regulative	ADJ
elp-41271	14	9	department	department	NOUN
elp-41271	14	10	is	be	AUX
elp-41271	14	11	to	to	PART
elp-41271	14	12	maintain	maintain	VERB
elp-41271	14	13	information	information	NOUN
elp-41271	14	14	disclosed	disclose	VERB
elp-41271	14	15	by	by	ADP
elp-41271	14	16	listing	list	VERB
elp-41271	14	17	and	and	CCONJ
elp-41271	14	18	listed	list	VERB
elp-41271	14	19	company	company	NOUN
elp-41271	14	20	is	be	AUX
elp-41271	14	21	fully	fully	ADV
elp-41271	14	22	,	,	PUNCT
elp-41271	14	23	reliable	reliable	ADJ
elp-41271	14	24	and	and	CCONJ
elp-41271	14	25	timely	timely	ADV
elp-41271	14	26	.	.	PUNCT
elp-41271	15	1	www.scholink.org/ojs/index.php/elp	www.scholink.org/ojs/index.php/elp	NOUN
elp-41271	15	2	economics	economic	NOUN
elp-41271	15	3	,	,	PUNCT
elp-41271	15	4	law	law	NOUN
elp-41271	15	5	and	and	CCONJ
elp-41271	15	6	policy	policy	NOUN
elp-41271	15	7	vol	vol	NOUN
elp-41271	15	8	.	.	PUNCT
elp-41271	16	1	7	7	NUM
elp-41271	16	2	,	,	PUNCT
elp-41271	16	3	no	no	INTJ
elp-41271	16	4	.	.	NOUN
elp-41271	16	5	1	1	NUM
elp-41271	16	6	,	,	PUNCT
elp-41271	16	7	2024	2024	NUM
elp-41271	16	8	published	publish	VERB
elp-41271	16	9	by	by	ADP
elp-41271	16	10	scholink	scholink	PROPN
elp-41271	16	11	inc	inc	PROPN
elp-41271	16	12	.	.	PROPN
elp-41271	16	13	167	167	NUM
elp-41271	17	1	it	it	PRON
elp-41271	17	2	is	be	AUX
elp-41271	17	3	no	no	DET
elp-41271	17	4	doubt	doubt	NOUN
elp-41271	17	5	that	that	SCONJ
elp-41271	17	6	the	the	DET
elp-41271	17	7	fairness	fairness	NOUN
elp-41271	17	8	and	and	CCONJ
elp-41271	17	9	the	the	DET
elp-41271	17	10	effectiveness	effectiveness	NOUN
elp-41271	17	11	of	of	ADP
elp-41271	17	12	the	the	DET
elp-41271	17	13	whole	whole	ADJ
elp-41271	17	14	securities	security	NOUN
elp-41271	17	15	market	market	NOUN
elp-41271	17	16	would	would	AUX
elp-41271	17	17	be	be	AUX
elp-41271	17	18	drastically	drastically	ADV
elp-41271	17	19	weakened	weaken	VERB
elp-41271	17	20	if	if	SCONJ
elp-41271	17	21	the	the	DET
elp-41271	17	22	false	false	ADJ
elp-41271	17	23	statements	statement	NOUN
elp-41271	17	24	can	can	AUX
elp-41271	17	25	not	not	PART
elp-41271	17	26	be	be	AUX
elp-41271	17	27	restrained	restrain	VERB
elp-41271	17	28	properly	properly	ADV
elp-41271	17	29	.	.	PUNCT
elp-41271	18	1	thus	thus	ADV
elp-41271	18	2	,	,	PUNCT
elp-41271	18	3	restraining	restrain	VERB
elp-41271	18	4	false	false	ADJ
elp-41271	18	5	statement	statement	NOUN
elp-41271	18	6	through	through	ADP
elp-41271	18	7	legal	legal	ADJ
elp-41271	18	8	enforcement	enforcement	NOUN
elp-41271	18	9	is	be	AUX
elp-41271	18	10	an	an	DET
elp-41271	18	11	essential	essential	ADJ
elp-41271	18	12	way	way	NOUN
elp-41271	18	13	to	to	PART
elp-41271	18	14	maintain	maintain	VERB
elp-41271	18	15	the	the	DET
elp-41271	18	16	order	order	NOUN
elp-41271	18	17	of	of	ADP
elp-41271	18	18	the	the	DET
elp-41271	18	19	securities	security	NOUN
elp-41271	18	20	market	market	NOUN
elp-41271	18	21	and	and	CCONJ
elp-41271	18	22	leverage	leverage	VERB
elp-41271	18	23	the	the	DET
elp-41271	18	24	market	market	NOUN
elp-41271	18	25	’s	’s	PART
elp-41271	18	26	self	self	NOUN
elp-41271	18	27	-	-	PUNCT
elp-41271	18	28	regulation	regulation	NOUN
elp-41271	18	29	function	function	NOUN
elp-41271	18	30	.	.	PUNCT
elp-41271	19	1	after	after	ADP
elp-41271	19	2	the	the	DET
elp-41271	19	3	disclosing	disclosing	NOUN
elp-41271	19	4	of	of	ADP
elp-41271	19	5	misrepresentation	misrepresentation	NOUN
elp-41271	19	6	,	,	PUNCT
elp-41271	19	7	the	the	DET
elp-41271	19	8	further	further	ADJ
elp-41271	19	9	punishment	punishment	NOUN
elp-41271	19	10	will	will	AUX
elp-41271	19	11	not	not	PART
elp-41271	19	12	only	only	ADV
elp-41271	19	13	focus	focus	VERB
elp-41271	19	14	on	on	ADP
elp-41271	19	15	the	the	DET
elp-41271	19	16	liability	liability	NOUN
elp-41271	19	17	of	of	ADP
elp-41271	19	18	involved	involved	ADJ
elp-41271	19	19	company	company	NOUN
elp-41271	19	20	,	,	PUNCT
elp-41271	19	21	such	such	ADJ
elp-41271	19	22	as	as	ADP
elp-41271	19	23	penalty	penalty	NOUN
elp-41271	19	24	and	and	CCONJ
elp-41271	19	25	dismissing	dismiss	VERB
elp-41271	19	26	qualifications	qualification	NOUN
elp-41271	19	27	of	of	ADP
elp-41271	19	28	public	public	ADJ
elp-41271	19	29	co	co	NOUN
elp-41271	19	30	-	-	NOUN
elp-41271	19	31	operates	operate	NOUN
elp-41271	19	32	,	,	PUNCT
elp-41271	19	33	but	but	CCONJ
elp-41271	19	34	also	also	ADV
elp-41271	19	35	aiming	aim	VERB
elp-41271	19	36	at	at	ADP
elp-41271	19	37	compensation	compensation	NOUN
elp-41271	19	38	for	for	ADP
elp-41271	19	39	loss	loss	NOUN
elp-41271	19	40	of	of	ADP
elp-41271	19	41	concerned	concerned	ADJ
elp-41271	19	42	investors	investor	NOUN
elp-41271	19	43	.	.	PUNCT
elp-41271	20	1	above	above	ADP
elp-41271	20	2	all	all	PRON
elp-41271	20	3	,	,	PUNCT
elp-41271	20	4	observing	observe	VERB
elp-41271	20	5	the	the	DET
elp-41271	20	6	securities	security	NOUN
elp-41271	20	7	regulation	regulation	NOUN
elp-41271	20	8	from	from	ADP
elp-41271	20	9	a	a	DET
elp-41271	20	10	broad	broad	ADJ
elp-41271	20	11	perspective	perspective	NOUN
elp-41271	20	12	of	of	ADP
elp-41271	20	13	institutional	institutional	ADJ
elp-41271	20	14	evolution	evolution	NOUN
elp-41271	20	15	can	can	AUX
elp-41271	20	16	provide	provide	VERB
elp-41271	20	17	a	a	DET
elp-41271	20	18	background	background	NOUN
elp-41271	20	19	framework	framework	NOUN
elp-41271	20	20	for	for	ADP
elp-41271	20	21	understanding	understand	VERB
elp-41271	20	22	china	china	PROPN
elp-41271	20	23	’s	’s	PART
elp-41271	20	24	corporate	corporate	ADJ
elp-41271	20	25	capital	capital	NOUN
elp-41271	20	26	system	system	NOUN
elp-41271	20	27	reform	reform	NOUN
elp-41271	20	28	and	and	CCONJ
elp-41271	20	29	its	its	PRON
elp-41271	20	30	potential	potential	ADJ
elp-41271	20	31	impact	impact	NOUN
elp-41271	20	32	on	on	ADP
elp-41271	20	33	the	the	DET
elp-41271	20	34	capital	capital	NOUN
elp-41271	20	35	market	market	NOUN
elp-41271	20	36	.	.	PUNCT
elp-41271	21	1	2	2	X
elp-41271	21	2	.	.	X
elp-41271	21	3	the	the	DET
elp-41271	21	4	history	history	NOUN
elp-41271	21	5	of	of	ADP
elp-41271	21	6	prc	prc	PROPN
elp-41271	21	7	securities	security	NOUN
elp-41271	21	8	law	law	NOUN
elp-41271	21	9	the	the	DET
elp-41271	21	10	securities	security	NOUN
elp-41271	21	11	law	law	NOUN
elp-41271	21	12	of	of	ADP
elp-41271	21	13	the	the	DET
elp-41271	21	14	people	people	NOUN
elp-41271	21	15	’s	’s	PART
elp-41271	21	16	republic	republic	PROPN
elp-41271	21	17	of	of	ADP
elp-41271	21	18	china	china	PROPN
elp-41271	21	19	,	,	PUNCT
elp-41271	21	20	which	which	PRON
elp-41271	21	21	was	be	AUX
elp-41271	21	22	implemented	implement	VERB
elp-41271	21	23	in	in	ADP
elp-41271	21	24	1999	1999	NUM
elp-41271	21	25	,	,	PUNCT
elp-41271	21	26	has	have	AUX
elp-41271	21	27	formed	form	VERB
elp-41271	21	28	the	the	DET
elp-41271	21	29	initial	initial	ADJ
elp-41271	21	30	framework	framework	NOUN
elp-41271	21	31	of	of	ADP
elp-41271	21	32	china	china	PROPN
elp-41271	21	33	’s	’s	PART
elp-41271	21	34	securities	security	NOUN
elp-41271	21	35	legal	legal	ADJ
elp-41271	21	36	system	system	NOUN
elp-41271	21	37	(	(	PUNCT
elp-41271	21	38	fang	fang	X
elp-41271	21	39	,	,	PUNCT
elp-41271	21	40	tian	tian	PROPN
elp-41271	21	41	&	&	CCONJ
elp-41271	21	42	yanfei	yanfei	PROPN
elp-41271	21	43	,	,	PUNCT
elp-41271	21	44	2022	2022	NUM
elp-41271	21	45	)	)	PUNCT
elp-41271	21	46	.	.	PUNCT
elp-41271	22	1	the	the	DET
elp-41271	22	2	whole	whole	ADJ
elp-41271	22	3	legal	legal	ADJ
elp-41271	22	4	system	system	NOUN
elp-41271	22	5	of	of	ADP
elp-41271	22	6	capital	capital	NOUN
elp-41271	22	7	market	market	NOUN
elp-41271	22	8	has	have	AUX
elp-41271	22	9	been	be	AUX
elp-41271	22	10	in	in	ADP
elp-41271	22	11	progress	progress	NOUN
elp-41271	22	12	in	in	ADP
elp-41271	22	13	past	past	ADJ
elp-41271	22	14	30	30	NUM
elp-41271	22	15	years	year	NOUN
elp-41271	22	16	.	.	PUNCT
elp-41271	23	1	the	the	DET
elp-41271	23	2	securities	security	NOUN
elp-41271	23	3	law	law	NOUN
elp-41271	23	4	had	have	AUX
elp-41271	23	5	been	be	AUX
elp-41271	23	6	revised	revise	VERB
elp-41271	23	7	for	for	ADP
elp-41271	23	8	twice	twice	ADV
elp-41271	23	9	at	at	ADP
elp-41271	23	10	2005	2005	NUM
elp-41271	23	11	and	and	CCONJ
elp-41271	23	12	2019	2019	NUM
elp-41271	23	13	.	.	PUNCT
elp-41271	24	1	the	the	DET
elp-41271	24	2	whole	whole	ADJ
elp-41271	24	3	securities	security	NOUN
elp-41271	24	4	regulation	regulation	NOUN
elp-41271	24	5	system	system	NOUN
elp-41271	24	6	has	have	AUX
elp-41271	24	7	been	be	AUX
elp-41271	24	8	enriched	enrich	VERB
elp-41271	24	9	by	by	ADP
elp-41271	24	10	judicial	judicial	ADJ
elp-41271	24	11	interpretation	interpretation	NOUN
elp-41271	24	12	from	from	ADP
elp-41271	24	13	the	the	DET
elp-41271	24	14	supreme	supreme	PROPN
elp-41271	24	15	court	court	PROPN
elp-41271	24	16	of	of	ADP
elp-41271	24	17	prc	prc	PROPN
elp-41271	24	18	and	and	CCONJ
elp-41271	24	19	administrative	administrative	ADJ
elp-41271	24	20	rules	rule	NOUN
elp-41271	24	21	from	from	ADP
elp-41271	24	22	the	the	DET
elp-41271	24	23	state	state	NOUN
elp-41271	24	24	council	council	NOUN
elp-41271	24	25	,	,	PUNCT
elp-41271	24	26	beside	beside	ADP
elp-41271	24	27	that	that	PRON
elp-41271	24	28	judicial	judicial	ADJ
elp-41271	24	29	cases	case	NOUN
elp-41271	24	30	plays	play	VERB
elp-41271	24	31	a	a	DET
elp-41271	24	32	role	role	NOUN
elp-41271	24	33	in	in	ADP
elp-41271	24	34	legal	legal	ADJ
elp-41271	24	35	practice	practice	NOUN
elp-41271	24	36	related	relate	VERB
elp-41271	24	37	to	to	ADP
elp-41271	24	38	capital	capital	NOUN
elp-41271	24	39	market	market	NOUN
elp-41271	24	40	.	.	PUNCT
elp-41271	25	1	with	with	ADP
elp-41271	25	2	the	the	DET
elp-41271	25	3	unprecedented	unprecedented	ADJ
elp-41271	25	4	thriving	thriving	NOUN
elp-41271	25	5	of	of	ADP
elp-41271	25	6	capital	capital	NOUN
elp-41271	25	7	market	market	NOUN
elp-41271	25	8	,	,	PUNCT
elp-41271	25	9	the	the	DET
elp-41271	25	10	fraud	fraud	NOUN
elp-41271	25	11	and	and	CCONJ
elp-41271	25	12	deceit	deceit	NOUN
elp-41271	25	13	became	become	VERB
elp-41271	25	14	a	a	DET
elp-41271	25	15	serious	serious	ADJ
elp-41271	25	16	problem	problem	NOUN
elp-41271	25	17	,	,	PUNCT
elp-41271	25	18	as	as	SCONJ
elp-41271	25	19	the	the	DET
elp-41271	25	20	companies	company	NOUN
elp-41271	25	21	engage	engage	VERB
elp-41271	25	22	in	in	ADP
elp-41271	25	23	financial	financial	ADJ
elp-41271	25	24	fraud	fraud	NOUN
elp-41271	25	25	during	during	ADP
elp-41271	25	26	the	the	DET
elp-41271	25	27	issuance	issuance	NOUN
elp-41271	25	28	stage	stage	NOUN
elp-41271	25	29	or	or	CCONJ
elp-41271	25	30	make	make	VERB
elp-41271	25	31	false	false	ADJ
elp-41271	25	32	statements	statement	NOUN
elp-41271	25	33	during	during	ADP
elp-41271	25	34	the	the	DET
elp-41271	25	35	operation	operation	NOUN
elp-41271	25	36	period	period	NOUN
elp-41271	25	37	.	.	PUNCT
elp-41271	26	1	thus	thus	ADV
elp-41271	26	2	,	,	PUNCT
elp-41271	26	3	the	the	DET
elp-41271	26	4	relative	relative	ADJ
elp-41271	26	5	lack	lack	NOUN
elp-41271	26	6	of	of	ADP
elp-41271	26	7	civil	civil	ADJ
elp-41271	26	8	liability	liability	NOUN
elp-41271	26	9	and	and	CCONJ
elp-41271	26	10	investor	investor	NOUN
elp-41271	26	11	protection	protection	NOUN
elp-41271	26	12	has	have	AUX
elp-41271	26	13	become	become	VERB
elp-41271	26	14	an	an	DET
elp-41271	26	15	unneglectable	unneglectable	ADJ
elp-41271	26	16	shortcoming	shortcoming	NOUN
elp-41271	26	17	of	of	ADP
elp-41271	26	18	this	this	DET
elp-41271	26	19	law	law	NOUN
elp-41271	26	20	(	(	PUNCT
elp-41271	26	21	hu	hu	PROPN
elp-41271	26	22	,	,	PUNCT
elp-41271	26	23	2016	2016	NUM
elp-41271	26	24	)	)	PUNCT
elp-41271	26	25	.	.	PUNCT
elp-41271	27	1	it	it	PRON
elp-41271	27	2	was	be	AUX
elp-41271	27	3	not	not	PART
elp-41271	27	4	until	until	ADP
elp-41271	27	5	2002	2002	NUM
elp-41271	27	6	that	that	SCONJ
elp-41271	27	7	the	the	DET
elp-41271	27	8	supreme	supreme	PROPN
elp-41271	27	9	people	people	PROPN
elp-41271	27	10	’s	’s	PART
elp-41271	27	11	court	court	NOUN
elp-41271	27	12	enacted	enact	VERB
elp-41271	27	13	certain	certain	ADJ
elp-41271	27	14	provisions	provision	NOUN
elp-41271	27	15	of	of	ADP
elp-41271	27	16	the	the	DET
elp-41271	27	17	supreme	supreme	PROPN
elp-41271	27	18	people	people	PROPN
elp-41271	27	19	’s	’s	PART
elp-41271	27	20	court	court	NOUN
elp-41271	27	21	on	on	ADP
elp-41271	27	22	the	the	DET
elp-41271	27	23	trial	trial	NOUN
elp-41271	27	24	of	of	ADP
elp-41271	27	25	civil	civil	ADJ
elp-41271	27	26	compensation	compensation	NOUN
elp-41271	27	27	cases	case	NOUN
elp-41271	27	28	arising	arise	VERB
elp-41271	27	29	from	from	ADP
elp-41271	27	30	misrepresentation	misrepresentation	NOUN
elp-41271	27	31	in	in	ADP
elp-41271	27	32	the	the	DET
elp-41271	27	33	securities	security	NOUN
elp-41271	27	34	market	market	NOUN
elp-41271	27	35	(	(	PUNCT
elp-41271	27	36	judicial	judicial	ADJ
elp-41271	27	37	interpretation	interpretation	NOUN
elp-41271	27	38	2002	2002	NUM
elp-41271	27	39	)	)	PUNCT
elp-41271	27	40	,	,	PUNCT
elp-41271	27	41	which	which	PRON
elp-41271	27	42	marked	mark	VERB
elp-41271	27	43	the	the	DET
elp-41271	27	44	beginning	beginning	NOUN
elp-41271	27	45	of	of	ADP
elp-41271	27	46	the	the	DET
elp-41271	27	47	introduction	introduction	NOUN
elp-41271	27	48	of	of	ADP
elp-41271	27	49	a	a	DET
elp-41271	27	50	new	new	ADJ
elp-41271	27	51	tort	tort	NOUN
elp-41271	27	52	law	law	NOUN
elp-41271	27	53	regime	regime	NOUN
elp-41271	27	54	in	in	ADP
elp-41271	27	55	china	china	PROPN
elp-41271	27	56	-	-	PUNCT
elp-41271	27	57	the	the	DET
elp-41271	27	58	tort	tort	NOUN
elp-41271	27	59	of	of	ADP
elp-41271	27	60	misrepresentation	misrepresentation	NOUN
elp-41271	27	61	(	(	PUNCT
elp-41271	27	62	fang	fang	X
elp-41271	27	63	,	,	PUNCT
elp-41271	27	64	tian	tian	PROPN
elp-41271	27	65	&	&	CCONJ
elp-41271	27	66	yanfei	yanfei	PROPN
elp-41271	27	67	,	,	PUNCT
elp-41271	27	68	2022	2022	NUM
elp-41271	27	69	)	)	PUNCT
elp-41271	27	70	.	.	PUNCT
elp-41271	28	1	the	the	DET
elp-41271	28	2	tort	tort	NOUN
elp-41271	28	3	of	of	ADP
elp-41271	28	4	misrepresentation	misrepresentation	NOUN
elp-41271	28	5	is	be	AUX
elp-41271	28	6	a	a	DET
elp-41271	28	7	product	product	NOUN
elp-41271	28	8	of	of	ADP
elp-41271	28	9	the	the	DET
elp-41271	28	10	historical	historical	ADJ
elp-41271	28	11	development	development	NOUN
elp-41271	28	12	of	of	ADP
elp-41271	28	13	anglo	anglo	ADJ
elp-41271	28	14	-	-	PUNCT
elp-41271	28	15	american	american	ADJ
elp-41271	28	16	tort	tort	NOUN
elp-41271	28	17	law	law	NOUN
elp-41271	28	18	(	(	PUNCT
elp-41271	28	19	ban	ban	NOUN
elp-41271	28	20	,	,	PUNCT
elp-41271	28	21	2017	2017	NUM
elp-41271	28	22	)	)	PUNCT
elp-41271	28	23	,	,	PUNCT
elp-41271	28	24	and	and	CCONJ
elp-41271	28	25	the	the	DET
elp-41271	28	26	creation	creation	NOUN
elp-41271	28	27	and	and	CCONJ
elp-41271	28	28	application	application	NOUN
elp-41271	28	29	of	of	ADP
elp-41271	28	30	its	its	PRON
elp-41271	28	31	system	system	NOUN
elp-41271	28	32	are	be	AUX
elp-41271	28	33	closely	closely	ADV
elp-41271	28	34	related	relate	VERB
elp-41271	28	35	to	to	ADP
elp-41271	28	36	the	the	DET
elp-41271	28	37	institutional	institutional	ADJ
elp-41271	28	38	environment	environment	NOUN
elp-41271	28	39	in	in	ADP
elp-41271	28	40	which	which	PRON
elp-41271	28	41	anglo	anglo	ADJ
elp-41271	28	42	-	-	PUNCT
elp-41271	28	43	american	american	ADJ
elp-41271	28	44	tort	tort	NOUN
elp-41271	28	45	law	law	NOUN
elp-41271	28	46	arose	arise	VERB
elp-41271	28	47	and	and	CCONJ
elp-41271	28	48	exists	exist	VERB
elp-41271	28	49	(	(	PUNCT
elp-41271	28	50	jeong	jeong	PROPN
elp-41271	28	51	,	,	PUNCT
elp-41271	28	52	2015	2015	NUM
elp-41271	28	53	)	)	PUNCT
elp-41271	28	54	.	.	PUNCT
elp-41271	29	1	3	3	X
elp-41271	29	2	.	.	X
elp-41271	29	3	restrain	restrain	VERB
elp-41271	29	4	securities	security	NOUN
elp-41271	29	5	fraud	fraud	NOUN
elp-41271	29	6	:	:	PUNCT
elp-41271	29	7	from	from	ADP
elp-41271	29	8	the	the	DET
elp-41271	29	9	perspective	perspective	NOUN
elp-41271	29	10	of	of	ADP
elp-41271	29	11	comparative	comparative	ADJ
elp-41271	29	12	law	law	NOUN
elp-41271	29	13	3.1	3.1	NUM
elp-41271	29	14	dealing	deal	VERB
elp-41271	29	15	with	with	ADP
elp-41271	29	16	securities	security	NOUN
elp-41271	29	17	misrepresentation	misrepresentation	NOUN
elp-41271	29	18	from	from	ADP
elp-41271	29	19	the	the	DET
elp-41271	29	20	perspective	perspective	NOUN
elp-41271	29	21	of	of	ADP
elp-41271	29	22	comparative	comparative	ADJ
elp-41271	29	23	studies	study	NOUN
elp-41271	29	24	,	,	PUNCT
elp-41271	29	25	the	the	DET
elp-41271	29	26	concept	concept	NOUN
elp-41271	29	27	of	of	ADP
elp-41271	29	28	misrepresentation	misrepresentation	NOUN
elp-41271	29	29	was	be	AUX
elp-41271	29	30	first	first	ADV
elp-41271	29	31	used	use	VERB
elp-41271	29	32	in	in	ADP
elp-41271	29	33	england	england	PROPN
elp-41271	29	34	(	(	PUNCT
elp-41271	29	35	purshouse	purshouse	PROPN
elp-41271	29	36	,	,	PUNCT
elp-41271	29	37	2018	2018	NUM
elp-41271	29	38	)	)	PUNCT
elp-41271	29	39	.	.	PUNCT
elp-41271	30	1	subsequently	subsequently	ADV
elp-41271	30	2	,	,	PUNCT
elp-41271	30	3	the	the	DET
elp-41271	30	4	term	term	NOUN
elp-41271	30	5	misrepresentation	misrepresentation	NOUN
elp-41271	30	6	was	be	AUX
elp-41271	30	7	gradually	gradually	ADV
elp-41271	30	8	used	use	VERB
elp-41271	30	9	in	in	ADP
elp-41271	30	10	securities	security	NOUN
elp-41271	30	11	law	law	NOUN
elp-41271	30	12	and	and	CCONJ
elp-41271	30	13	became	become	VERB
elp-41271	30	14	an	an	DET
elp-41271	30	15	important	important	ADJ
elp-41271	30	16	concept	concept	NOUN
elp-41271	30	17	in	in	ADP
elp-41271	30	18	the	the	DET
elp-41271	30	19	early	early	ADJ
elp-41271	30	20	regulation	regulation	NOUN
elp-41271	30	21	in	in	ADP
elp-41271	30	22	the	the	DET
elp-41271	30	23	uk	uk	PROPN
elp-41271	30	24	(	(	PUNCT
elp-41271	30	25	ernst	ernst	PROPN
elp-41271	30	26	,	,	PUNCT
elp-41271	30	27	1943	1943	NUM
elp-41271	30	28	,	,	PUNCT
elp-41271	30	29	pp	pp	ADV
elp-41271	30	30	.	.	PUNCT
elp-41271	31	1	549	549	NUM
elp-41271	31	2	-	-	SYM
elp-41271	31	3	550	550	NUM
elp-41271	31	4	)	)	PUNCT
elp-41271	31	5	.	.	PUNCT
elp-41271	32	1	in	in	ADP
elp-41271	32	2	the	the	DET
elp-41271	32	3	case	case	NOUN
elp-41271	32	4	of	of	ADP
elp-41271	32	5	the	the	DET
elp-41271	32	6	united	united	PROPN
elp-41271	32	7	states	states	PROPN
elp-41271	32	8	,	,	PUNCT
elp-41271	32	9	although	although	SCONJ
elp-41271	32	10	there	there	PRON
elp-41271	32	11	is	be	VERB
elp-41271	32	12	no	no	DET
elp-41271	32	13	uniform	uniform	ADJ
elp-41271	32	14	statutory	statutory	ADJ
elp-41271	32	15	provision	provision	NOUN
elp-41271	32	16	for	for	ADP
elp-41271	32	17	misrepresentation	misrepresentation	NOUN
elp-41271	32	18	in	in	ADP
elp-41271	32	19	transactions	transaction	NOUN
elp-41271	32	20	,	,	PUNCT
elp-41271	32	21	state	state	NOUN
elp-41271	32	22	courts	court	NOUN
elp-41271	32	23	generally	generally	ADV
elp-41271	32	24	recognize	recognize	VERB
elp-41271	32	25	tort	tort	NOUN
elp-41271	32	26	law	law	NOUN
elp-41271	32	27	remedies	remedy	NOUN
elp-41271	32	28	for	for	ADP
elp-41271	32	29	types	type	NOUN
elp-41271	32	30	of	of	ADP
elp-41271	32	31	misrepresentation	misrepresentation	NOUN
elp-41271	32	32	(	(	PUNCT
elp-41271	32	33	affiliated	affiliate	VERB
elp-41271	32	34	ute	ute	NOUN
elp-41271	32	35	citizens	citizen	NOUN
elp-41271	32	36	of	of	ADP
elp-41271	32	37	utah	utah	PROPN
elp-41271	32	38	et	et	PROPN
elp-41271	32	39	al	al	PROPN
elp-41271	32	40	.	.	PROPN
elp-41271	33	1	v.	v.	PROPN
elp-41271	33	2	united	united	PROPN
elp-41271	33	3	states	states	PROPN
elp-41271	33	4	et	et	PROPN
elp-41271	33	5	al	al	PROPN
elp-41271	33	6	.	.	PROPN
elp-41271	33	7	406	406	NUM
elp-41271	33	8	u.s	u.s	PROPN
elp-41271	33	9	.	.	PROPN
elp-41271	33	10	,	,	PUNCT
elp-41271	33	11	1972	1972	NUM
elp-41271	33	12	,	,	PUNCT
elp-41271	33	13	p.	p.	NOUN
elp-41271	33	14	128	128	NUM
elp-41271	33	15	;	;	PUNCT
elp-41271	33	16	blackie	blackie	NOUN
elp-41271	33	17	v.	v.	PROPN
elp-41271	33	18	barack	barack	PROPN
elp-41271	33	19	,	,	PUNCT
elp-41271	33	20	www.scholink.org/ojs/index.php/elp	www.scholink.org/ojs/index.php/elp	NOUN
elp-41271	33	21	economics	economic	NOUN
elp-41271	33	22	,	,	PUNCT
elp-41271	33	23	law	law	NOUN
elp-41271	33	24	and	and	CCONJ
elp-41271	33	25	policy	policy	NOUN
elp-41271	33	26	vol	vol	NOUN
elp-41271	33	27	.	.	PUNCT
elp-41271	34	1	7	7	NUM
elp-41271	34	2	,	,	PUNCT
elp-41271	34	3	no	no	INTJ
elp-41271	34	4	.	.	NOUN
elp-41271	34	5	1	1	NUM
elp-41271	34	6	,	,	PUNCT
elp-41271	34	7	2024	2024	NUM
elp-41271	34	8	published	publish	VERB
elp-41271	34	9	by	by	ADP
elp-41271	34	10	scholink	scholink	PROPN
elp-41271	34	11	inc	inc	PROPN
elp-41271	34	12	.	.	PROPN
elp-41271	34	13	168	168	NUM
elp-41271	34	14	524f.2d891	524f.2d891	NUM
elp-41271	34	15	,	,	PUNCT
elp-41271	34	16	1975	1975	NUM
elp-41271	34	17	;	;	PUNCT
elp-41271	34	18	shi	shi	PROPN
elp-41271	34	19	&	&	CCONJ
elp-41271	34	20	zhou	zhou	PROPN
elp-41271	34	21	,	,	PUNCT
elp-41271	34	22	2015	2015	NUM
elp-41271	34	23	,	,	PUNCT
elp-41271	34	24	p.	p.	NOUN
elp-41271	34	25	217	217	NUM
elp-41271	34	26	)	)	PUNCT
elp-41271	34	27	,	,	PUNCT
elp-41271	34	28	and	and	CCONJ
elp-41271	34	29	the	the	DET
elp-41271	34	30	united	united	PROPN
elp-41271	34	31	states	states	PROPN
elp-41271	34	32	has	have	AUX
elp-41271	34	33	also	also	ADV
elp-41271	34	34	enriched	enrich	VERB
elp-41271	34	35	the	the	DET
elp-41271	34	36	tort	tort	NOUN
elp-41271	34	37	of	of	ADP
elp-41271	34	38	misrepresentation	misrepresentation	NOUN
elp-41271	34	39	by	by	ADP
elp-41271	34	40	providing	provide	VERB
elp-41271	34	41	tort	tort	NOUN
elp-41271	34	42	law	law	NOUN
elp-41271	34	43	remedies	remedy	NOUN
elp-41271	34	44	for	for	ADP
elp-41271	34	45	misrepresentation	misrepresentation	NOUN
elp-41271	34	46	in	in	ADP
elp-41271	34	47	special	special	ADJ
elp-41271	34	48	areas	area	NOUN
elp-41271	34	49	through	through	ADP
elp-41271	34	50	the	the	DET
elp-41271	34	51	provisions	provision	NOUN
elp-41271	34	52	of	of	ADP
elp-41271	34	53	special	special	ADJ
elp-41271	34	54	laws	law	NOUN
elp-41271	34	55	such	such	ADJ
elp-41271	34	56	as	as	ADP
elp-41271	34	57	the	the	DET
elp-41271	34	58	advertising	advertising	NOUN
elp-41271	34	59	act	act	NOUN
elp-41271	34	60	and	and	CCONJ
elp-41271	34	61	the	the	DET
elp-41271	34	62	securities	securities	PROPN
elp-41271	34	63	exchange	exchange	PROPN
elp-41271	34	64	act	act	PROPN
elp-41271	34	65	(	(	PUNCT
elp-41271	34	66	karpoff	karpoff	PROPN
elp-41271	34	67	,	,	PUNCT
elp-41271	34	68	lee	lee	PROPN
elp-41271	34	69	&	&	CCONJ
elp-41271	34	70	martin	martin	PROPN
elp-41271	34	71	,	,	PUNCT
elp-41271	34	72	2007	2007	NUM
elp-41271	34	73	)	)	PUNCT
elp-41271	34	74	.	.	PUNCT
elp-41271	35	1	3.2	3.2	NUM
elp-41271	35	2	stones	stone	NOUN
elp-41271	35	3	from	from	ADP
elp-41271	35	4	other	other	ADJ
elp-41271	35	5	mountains	mountain	NOUN
elp-41271	35	6	:	:	PUNCT
elp-41271	35	7	legal	legal	ADJ
elp-41271	35	8	transplantation	transplantation	NOUN
elp-41271	35	9	in	in	ADP
elp-41271	35	10	securities	security	NOUN
elp-41271	35	11	law	law	NOUN
elp-41271	35	12	(	(	PUNCT
elp-41271	35	13	traditional	traditional	ADJ
elp-41271	35	14	chinese	chinese	ADJ
elp-41271	35	15	proverb	proverb	NOUN
elp-41271	35	16	,	,	PUNCT
elp-41271	35	17	n.d	n.d	PROPN
elp-41271	35	18	.	.	PROPN
elp-41271	35	19	)	)	PUNCT
elp-41271	36	1	legal	legal	ADJ
elp-41271	36	2	transplantation	transplantation	NOUN
elp-41271	36	3	is	be	AUX
elp-41271	36	4	a	a	DET
elp-41271	36	5	difficult	difficult	ADJ
elp-41271	36	6	and	and	CCONJ
elp-41271	36	7	continuous	continuous	ADJ
elp-41271	36	8	process	process	NOUN
elp-41271	36	9	,	,	PUNCT
elp-41271	36	10	and	and	CCONJ
elp-41271	36	11	it	it	PRON
elp-41271	36	12	is	be	AUX
elp-41271	36	13	important	important	ADJ
elp-41271	36	14	to	to	PART
elp-41271	36	15	deeply	deeply	ADV
elp-41271	36	16	understand	understand	VERB
elp-41271	36	17	and	and	CCONJ
elp-41271	36	18	grasp	grasp	VERB
elp-41271	36	19	the	the	DET
elp-41271	36	20	historical	historical	ADJ
elp-41271	36	21	motives	motive	NOUN
elp-41271	36	22	and	and	CCONJ
elp-41271	36	23	realistic	realistic	ADJ
elp-41271	36	24	appearance	appearance	NOUN
elp-41271	36	25	of	of	ADP
elp-41271	36	26	the	the	DET
elp-41271	36	27	creation	creation	NOUN
elp-41271	36	28	and	and	CCONJ
elp-41271	36	29	development	development	NOUN
elp-41271	36	30	of	of	ADP
elp-41271	36	31	the	the	DET
elp-41271	36	32	misrepresentation	misrepresentation	NOUN
elp-41271	36	33	tort	tort	NOUN
elp-41271	36	34	system	system	NOUN
elp-41271	36	35	,	,	PUNCT
elp-41271	36	36	which	which	PRON
elp-41271	36	37	is	be	AUX
elp-41271	36	38	an	an	DET
elp-41271	36	39	essential	essential	ADJ
elp-41271	36	40	foundation	foundation	NOUN
elp-41271	36	41	for	for	ADP
elp-41271	36	42	the	the	DET
elp-41271	36	43	successful	successful	ADJ
elp-41271	36	44	completion	completion	NOUN
elp-41271	36	45	of	of	ADP
elp-41271	36	46	the	the	DET
elp-41271	36	47	transplantation	transplantation	NOUN
elp-41271	36	48	of	of	ADP
elp-41271	36	49	law	law	NOUN
elp-41271	36	50	;	;	PUNCT
elp-41271	36	51	and	and	CCONJ
elp-41271	36	52	a	a	DET
elp-41271	36	53	prerequisite	prerequisite	NOUN
elp-41271	36	54	for	for	ADP
elp-41271	36	55	the	the	DET
elp-41271	36	56	establishment	establishment	NOUN
elp-41271	36	57	of	of	ADP
elp-41271	36	58	a	a	DET
elp-41271	36	59	comprehensive	comprehensive	ADJ
elp-41271	36	60	misrepresentation	misrepresentation	NOUN
elp-41271	36	61	tort	tort	NOUN
elp-41271	36	62	system	system	NOUN
elp-41271	36	63	in	in	ADP
elp-41271	36	64	china	china	PROPN
elp-41271	36	65	(	(	PUNCT
elp-41271	36	66	gao	gao	PROPN
elp-41271	36	67	&	&	CCONJ
elp-41271	36	68	wang	wang	PROPN
elp-41271	36	69	,	,	PUNCT
elp-41271	36	70	2016	2016	NUM
elp-41271	36	71	)	)	PUNCT
elp-41271	36	72	.	.	PUNCT
elp-41271	37	1	the	the	DET
elp-41271	37	2	initial	initial	ADJ
elp-41271	37	3	legal	legal	ADJ
elp-41271	37	4	transplantation	transplantation	NOUN
elp-41271	37	5	was	be	AUX
elp-41271	37	6	a	a	DET
elp-41271	37	7	special	special	ADJ
elp-41271	37	8	type	type	NOUN
elp-41271	37	9	-	-	PUNCT
elp-41271	37	10	chinese	chinese	ADJ
elp-41271	37	11	securities	security	NOUN
elp-41271	37	12	regulation	regulation	NOUN
elp-41271	37	13	learned	learn	VERB
elp-41271	37	14	from	from	ADP
elp-41271	37	15	the	the	DET
elp-41271	37	16	united	united	PROPN
elp-41271	37	17	states	states	PROPN
elp-41271	37	18	,	,	PUNCT
elp-41271	37	19	coupled	couple	VERB
elp-41271	37	20	with	with	ADP
elp-41271	37	21	the	the	DET
elp-41271	37	22	residual	residual	ADJ
elp-41271	37	23	influence	influence	NOUN
elp-41271	37	24	of	of	ADP
elp-41271	37	25	traditional	traditional	ADJ
elp-41271	37	26	systems	system	NOUN
elp-41271	37	27	,	,	PUNCT
elp-41271	37	28	manifested	manifest	VERB
elp-41271	37	29	as	as	ADP
elp-41271	37	30	a	a	DET
elp-41271	37	31	mixed	mixed	ADJ
elp-41271	37	32	system	system	NOUN
elp-41271	37	33	of	of	ADP
elp-41271	37	34	securities	security	NOUN
elp-41271	37	35	regulation	regulation	NOUN
elp-41271	37	36	.	.	PUNCT
elp-41271	38	1	the	the	DET
elp-41271	38	2	content	content	NOUN
elp-41271	38	3	of	of	ADP
elp-41271	38	4	the	the	DET
elp-41271	38	5	securities	security	NOUN
elp-41271	38	6	law	law	PROPN
elp-41271	38	7	2019	2019	NUM
elp-41271	38	8	has	have	AUX
elp-41271	38	9	made	make	VERB
elp-41271	38	10	great	great	ADJ
elp-41271	38	11	effort	effort	NOUN
elp-41271	38	12	on	on	ADP
elp-41271	38	13	regulating	regulate	VERB
elp-41271	38	14	fraud	fraud	NOUN
elp-41271	38	15	,	,	PUNCT
elp-41271	38	16	including	include	VERB
elp-41271	38	17	strengthening	strengthen	VERB
elp-41271	38	18	information	information	NOUN
elp-41271	38	19	disclosure	disclosure	NOUN
elp-41271	38	20	regulations	regulation	NOUN
elp-41271	38	21	,	,	PUNCT
elp-41271	38	22	increasing	increase	VERB
elp-41271	38	23	the	the	DET
elp-41271	38	24	protection	protection	NOUN
elp-41271	38	25	system	system	NOUN
elp-41271	38	26	for	for	ADP
elp-41271	38	27	investors	investor	NOUN
elp-41271	38	28	,	,	PUNCT
elp-41271	38	29	increasing	increase	VERB
elp-41271	38	30	the	the	DET
elp-41271	38	31	punishment	punishment	NOUN
elp-41271	38	32	for	for	ADP
elp-41271	38	33	illegal	illegal	ADJ
elp-41271	38	34	and	and	CCONJ
elp-41271	38	35	irregular	irregular	ADJ
elp-41271	38	36	activities	activity	NOUN
elp-41271	38	37	,	,	PUNCT
elp-41271	38	38	and	and	CCONJ
elp-41271	38	39	clarifying	clarify	VERB
elp-41271	38	40	market	market	NOUN
elp-41271	38	41	manipulation	manipulation	NOUN
elp-41271	38	42	and	and	CCONJ
elp-41271	38	43	insider	insider	NOUN
elp-41271	38	44	trading	trading	NOUN
elp-41271	38	45	behavior.the	behavior.the	DET
elp-41271	38	46	content	content	NOUN
elp-41271	38	47	of	of	ADP
elp-41271	38	48	the	the	DET
elp-41271	38	49	securities	security	NOUN
elp-41271	38	50	law	law	NOUN
elp-41271	38	51	(	(	PUNCT
elp-41271	38	52	2019	2019	NUM
elp-41271	38	53	)	)	PUNCT
elp-41271	38	54	includes	include	VERB
elp-41271	38	55	provisions	provision	NOUN
elp-41271	38	56	similar	similar	ADJ
elp-41271	38	57	to	to	ADP
elp-41271	38	58	those	those	PRON
elp-41271	38	59	of	of	ADP
elp-41271	38	60	the	the	DET
elp-41271	38	61	us	us	PROPN
elp-41271	38	62	securities	security	NOUN
elp-41271	38	63	law	law	NOUN
elp-41271	38	64	of	of	ADP
elp-41271	38	65	1933	1933	NUM
elp-41271	38	66	and	and	CCONJ
elp-41271	38	67	the	the	DET
elp-41271	38	68	securities	security	NOUN
elp-41271	38	69	exchange	exchange	PROPN
elp-41271	38	70	law	law	NOUN
elp-41271	38	71	of	of	ADP
elp-41271	38	72	1934	1934	NUM
elp-41271	38	73	,	,	PUNCT
elp-41271	38	74	most	most	ADJ
elp-41271	38	75	of	of	ADP
elp-41271	38	76	the	the	DET
elp-41271	38	77	revise	revise	NOUN
elp-41271	38	78	can	can	AUX
elp-41271	38	79	been	be	AUX
elp-41271	38	80	seen	see	VERB
elp-41271	38	81	as	as	ADP
elp-41271	38	82	prototype	prototype	NOUN
elp-41271	38	83	from	from	ADP
elp-41271	38	84	securities	security	NOUN
elp-41271	38	85	regulation	regulation	NOUN
elp-41271	38	86	from	from	ADP
elp-41271	38	87	us	we	PRON
elp-41271	38	88	.	.	PUNCT
elp-41271	39	1	the	the	DET
elp-41271	39	2	judicial	judicial	ADJ
elp-41271	39	3	interpretation	interpretation	NOUN
elp-41271	39	4	of	of	ADP
elp-41271	39	5	2002	2002	NUM
elp-41271	39	6	has	have	AUX
elp-41271	39	7	made	make	VERB
elp-41271	39	8	a	a	DET
elp-41271	39	9	more	more	ADV
elp-41271	39	10	comprehensive	comprehensive	ADJ
elp-41271	39	11	regulation	regulation	NOUN
elp-41271	39	12	of	of	ADP
elp-41271	39	13	the	the	DET
elp-41271	39	14	tort	tort	NOUN
elp-41271	39	15	of	of	ADP
elp-41271	39	16	misrepresentation	misrepresentation	NOUN
elp-41271	39	17	in	in	ADP
elp-41271	39	18	securities	security	NOUN
elp-41271	39	19	issuance	issuance	NOUN
elp-41271	39	20	and	and	CCONJ
elp-41271	39	21	securities	security	NOUN
elp-41271	39	22	trading	trading	NOUN
elp-41271	39	23	in	in	ADP
elp-41271	39	24	the	the	DET
elp-41271	39	25	form	form	NOUN
elp-41271	39	26	of	of	ADP
elp-41271	39	27	the	the	DET
elp-41271	39	28	special	special	ADJ
elp-41271	39	29	law	law	NOUN
elp-41271	39	30	.	.	PUNCT
elp-41271	40	1	4	4	X
elp-41271	40	2	.	.	X
elp-41271	40	3	the	the	DET
elp-41271	40	4	imperfect	imperfect	ADJ
elp-41271	40	5	securities	security	NOUN
elp-41271	40	6	fraud	fraud	NOUN
elp-41271	40	7	rules	rule	VERB
elp-41271	40	8	the	the	DET
elp-41271	40	9	chinese	chinese	ADJ
elp-41271	40	10	mode	mode	NOUN
elp-41271	40	11	of	of	ADP
elp-41271	40	12	regulation	regulation	NOUN
elp-41271	40	13	is	be	AUX
elp-41271	40	14	certainly	certainly	ADV
elp-41271	40	15	conducive	conducive	ADJ
elp-41271	40	16	to	to	ADP
elp-41271	40	17	specific	specific	ADJ
elp-41271	40	18	problem	problem	NOUN
elp-41271	40	19	-	-	PUNCT
elp-41271	40	20	solving	solve	VERB
elp-41271	40	21	and	and	CCONJ
elp-41271	40	22	enhancing	enhance	VERB
elp-41271	40	23	the	the	DET
elp-41271	40	24	relevance	relevance	NOUN
elp-41271	40	25	of	of	ADP
elp-41271	40	26	institutional	institutional	ADJ
elp-41271	40	27	regulation	regulation	NOUN
elp-41271	40	28	,	,	PUNCT
elp-41271	40	29	but	but	CCONJ
elp-41271	40	30	the	the	DET
elp-41271	40	31	special	special	ADJ
elp-41271	40	32	law	law	NOUN
elp-41271	40	33	provisions	provision	NOUN
elp-41271	40	34	lacking	lack	VERB
elp-41271	40	35	general	general	ADJ
elp-41271	40	36	law	law	NOUN
elp-41271	40	37	support	support	NOUN
elp-41271	40	38	are	be	AUX
elp-41271	40	39	inherently	inherently	ADV
elp-41271	40	40	inadequate	inadequate	ADJ
elp-41271	40	41	(	(	PUNCT
elp-41271	40	42	guo	guo	PROPN
elp-41271	40	43	,	,	PUNCT
elp-41271	40	44	2003	2003	NUM
elp-41271	40	45	,	,	PUNCT
elp-41271	40	46	pp	pp	ADJ
elp-41271	40	47	.	.	PUNCT
elp-41271	41	1	95	95	NUM
elp-41271	41	2	-	-	SYM
elp-41271	41	3	99	99	NUM
elp-41271	41	4	)	)	PUNCT
elp-41271	41	5	.	.	PUNCT
elp-41271	42	1	although	although	SCONJ
elp-41271	42	2	the	the	DET
elp-41271	42	3	current	current	ADJ
elp-41271	42	4	establishment	establishment	NOUN
elp-41271	42	5	of	of	ADP
elp-41271	42	6	china	china	PROPN
elp-41271	42	7	’s	’s	PART
elp-41271	42	8	misrepresentation	misrepresentation	NOUN
elp-41271	42	9	tort	tort	NOUN
elp-41271	42	10	system	system	NOUN
elp-41271	42	11	has	have	AUX
elp-41271	42	12	drawn	draw	VERB
elp-41271	42	13	on	on	ADP
elp-41271	42	14	the	the	DET
elp-41271	42	15	theories	theory	NOUN
elp-41271	42	16	of	of	ADP
elp-41271	42	17	the	the	DET
elp-41271	42	18	common	common	ADJ
elp-41271	42	19	law	law	NOUN
elp-41271	42	20	system	system	NOUN
elp-41271	42	21	,	,	PUNCT
elp-41271	42	22	there	there	PRON
elp-41271	42	23	are	be	VERB
elp-41271	42	24	still	still	ADV
elp-41271	42	25	dilemmas	dilemma	NOUN
elp-41271	42	26	in	in	ADP
elp-41271	42	27	judicial	judicial	ADJ
elp-41271	42	28	practice	practice	NOUN
elp-41271	42	29	that	that	PRON
elp-41271	42	30	can	can	AUX
elp-41271	42	31	not	not	PART
elp-41271	42	32	be	be	AUX
elp-41271	42	33	perfectly	perfectly	ADV
elp-41271	42	34	integrated	integrate	VERB
elp-41271	42	35	with	with	ADP
elp-41271	42	36	china	china	PROPN
elp-41271	42	37	’s	’s	PART
elp-41271	42	38	domestic	domestic	ADJ
elp-41271	42	39	securities	security	NOUN
elp-41271	42	40	market	market	NOUN
elp-41271	42	41	,	,	PUNCT
elp-41271	42	42	including	include	VERB
elp-41271	42	43	the	the	DET
elp-41271	42	44	problems	problem	NOUN
elp-41271	42	45	of	of	ADP
elp-41271	42	46	expanding	expand	VERB
elp-41271	42	47	the	the	DET
elp-41271	42	48	application	application	NOUN
elp-41271	42	49	of	of	ADP
elp-41271	42	50	the	the	DET
elp-41271	42	51	permitted	permit	VERB
elp-41271	42	52	evidence	evidence	NOUN
elp-41271	42	53	,	,	PUNCT
elp-41271	42	54	unclear	unclear	ADJ
elp-41271	42	55	determination	determination	NOUN
elp-41271	42	56	of	of	ADP
elp-41271	42	57	the	the	DET
elp-41271	42	58	substantial	substantial	ADJ
elp-41271	42	59	standard	standard	NOUN
elp-41271	42	60	,	,	PUNCT
elp-41271	42	61	insufficient	insufficient	ADJ
elp-41271	42	62	improvement	improvement	NOUN
elp-41271	42	63	of	of	ADP
elp-41271	42	64	the	the	DET
elp-41271	42	65	causation	causation	NOUN
elp-41271	42	66	rules	rule	NOUN
elp-41271	42	67	,	,	PUNCT
elp-41271	42	68	and	and	CCONJ
elp-41271	42	69	the	the	DET
elp-41271	42	70	weak	weak	ADJ
elp-41271	42	71	function	function	NOUN
elp-41271	42	72	of	of	ADP
elp-41271	42	73	the	the	DET
elp-41271	42	74	class	class	NOUN
elp-41271	42	75	action	action	NOUN
elp-41271	42	76	mechanism	mechanism	NOUN
elp-41271	42	77	(	(	PUNCT
elp-41271	42	78	tang	tang	PROPN
elp-41271	42	79	&	&	CCONJ
elp-41271	42	80	li	li	PROPN
elp-41271	42	81	,	,	PUNCT
elp-41271	42	82	2022	2022	NUM
elp-41271	42	83	,	,	PUNCT
elp-41271	42	84	pp	pp	ADJ
elp-41271	42	85	.	.	PUNCT
elp-41271	43	1	61	61	NUM
elp-41271	43	2	-	-	SYM
elp-41271	43	3	72	72	NUM
elp-41271	43	4	)	)	PUNCT
elp-41271	43	5	.	.	PUNCT
elp-41271	44	1	first	first	ADV
elp-41271	44	2	,	,	PUNCT
elp-41271	44	3	the	the	DET
elp-41271	44	4	chinese	chinese	PROPN
elp-41271	44	5	supreme	supreme	PROPN
elp-41271	44	6	court	court	PROPN
elp-41271	44	7	stated	state	VERB
elp-41271	44	8	that	that	SCONJ
elp-41271	44	9	the	the	DET
elp-41271	44	10	new	new	ADJ
elp-41271	44	11	judicial	judicial	ADJ
elp-41271	44	12	interpretation	interpretation	NOUN
elp-41271	44	13	can	can	AUX
elp-41271	44	14	also	also	ADV
elp-41271	44	15	be	be	AUX
elp-41271	44	16	applied	apply	VERB
elp-41271	44	17	to	to	ADP
elp-41271	44	18	misrepresentations	misrepresentation	NOUN
elp-41271	44	19	occurring	occur	VERB
elp-41271	44	20	in	in	ADP
elp-41271	44	21	equity	equity	NOUN
elp-41271	44	22	markets	market	NOUN
elp-41271	44	23	other	other	ADJ
elp-41271	44	24	than	than	ADP
elp-41271	44	25	national	national	ADJ
elp-41271	44	26	securities	security	NOUN
elp-41271	44	27	trading	trading	NOUN
elp-41271	44	28	venues	venue	NOUN
elp-41271	44	29	(	(	PUNCT
elp-41271	44	30	lin	lin	PROPN
elp-41271	44	31	,	,	PUNCT
elp-41271	44	32	fu	fu	PROPN
elp-41271	44	33	&	&	CCONJ
elp-41271	44	34	zhou	zhou	PROPN
elp-41271	44	35	,	,	PUNCT
elp-41271	44	36	2022	2022	NUM
elp-41271	44	37	,	,	PUNCT
elp-41271	44	38	pp	pp	ADJ
elp-41271	44	39	.	.	PUNCT
elp-41271	45	1	43	43	NUM
elp-41271	45	2	-	-	SYM
elp-41271	45	3	50	50	NUM
elp-41271	45	4	)	)	PUNCT
elp-41271	45	5	.	.	PUNCT
elp-41271	46	1	the	the	DET
elp-41271	46	2	core	core	NOUN
elp-41271	46	3	of	of	ADP
elp-41271	46	4	the	the	DET
elp-41271	46	5	securities	security	NOUN
elp-41271	46	6	misrepresentation	misrepresentation	NOUN
elp-41271	46	7	tort	tort	NOUN
elp-41271	46	8	system	system	NOUN
elp-41271	46	9	lies	lie	VERB
elp-41271	46	10	in	in	ADP
elp-41271	46	11	the	the	DET
elp-41271	46	12	presumption	presumption	NOUN
elp-41271	46	13	of	of	ADP
elp-41271	46	14	causation	causation	NOUN
elp-41271	46	15	,	,	PUNCT
elp-41271	46	16	and	and	CCONJ
elp-41271	46	17	the	the	DET
elp-41271	46	18	“	"	PUNCT
elp-41271	46	19	reference	reference	NOUN
elp-41271	46	20	”	"	PUNCT
elp-41271	46	21	application	application	NOUN
elp-41271	46	22	means	mean	VERB
elp-41271	46	23	that	that	SCONJ
elp-41271	46	24	this	this	DET
elp-41271	46	25	presumption	presumption	NOUN
elp-41271	46	26	needs	need	VERB
elp-41271	46	27	to	to	PART
elp-41271	46	28	be	be	AUX
elp-41271	46	29	extended	extend	VERB
elp-41271	46	30	beyond	beyond	ADP
elp-41271	46	31	its	its	PRON
elp-41271	46	32	original	original	ADJ
elp-41271	46	33	scope	scope	NOUN
elp-41271	46	34	of	of	ADP
elp-41271	46	35	application	application	NOUN
elp-41271	46	36	,	,	PUNCT
elp-41271	46	37	the	the	DET
elp-41271	46	38	such	such	ADJ
elp-41271	46	39	phenomenon	phenomenon	NOUN
elp-41271	46	40	needs	need	VERB
elp-41271	46	41	to	to	PART
elp-41271	46	42	be	be	AUX
elp-41271	46	43	alerted	alert	VERB
elp-41271	46	44	and	and	CCONJ
elp-41271	46	45	the	the	DET
elp-41271	46	46	limits	limit	NOUN
elp-41271	46	47	of	of	ADP
elp-41271	46	48	its	its	PRON
elp-41271	46	49	application	application	NOUN
elp-41271	46	50	need	need	VERB
elp-41271	46	51	to	to	PART
elp-41271	46	52	be	be	AUX
elp-41271	46	53	analyzed	analyze	VERB
elp-41271	46	54	.	.	PUNCT
elp-41271	47	1	when	when	SCONJ
elp-41271	47	2	discussing	discuss	VERB
elp-41271	47	3	the	the	DET
elp-41271	47	4	application	application	NOUN
elp-41271	47	5	or	or	CCONJ
elp-41271	47	6	“	"	PUNCT
elp-41271	47	7	reference	reference	NOUN
elp-41271	47	8	”	"	PUNCT
elp-41271	47	9	application	application	NOUN
elp-41271	47	10	of	of	ADP
elp-41271	47	11	the	the	DET
elp-41271	47	12	tort	tort	NOUN
elp-41271	47	13	www.scholink.org/ojs/index.php/elp	www.scholink.org/ojs/index.php/elp	NOUN
elp-41271	47	14	economics	economic	NOUN
elp-41271	47	15	,	,	PUNCT
elp-41271	47	16	law	law	NOUN
elp-41271	47	17	and	and	CCONJ
elp-41271	47	18	policy	policy	NOUN
elp-41271	47	19	vol	vol	NOUN
elp-41271	47	20	.	.	PUNCT
elp-41271	48	1	7	7	NUM
elp-41271	48	2	,	,	PUNCT
elp-41271	48	3	no	no	INTJ
elp-41271	48	4	.	.	NOUN
elp-41271	48	5	1	1	NUM
elp-41271	48	6	,	,	PUNCT
elp-41271	48	7	2024	2024	NUM
elp-41271	48	8	published	publish	VERB
elp-41271	48	9	by	by	ADP
elp-41271	48	10	scholink	scholink	PROPN
elp-41271	48	11	inc	inc	PROPN
elp-41271	48	12	.	.	PROPN
elp-41271	48	13	169	169	NUM
elp-41271	48	14	system	system	NOUN
elp-41271	48	15	of	of	ADP
elp-41271	48	16	securities	security	NOUN
elp-41271	48	17	misrepresentation	misrepresentation	NOUN
elp-41271	48	18	,	,	PUNCT
elp-41271	48	19	we	we	PRON
elp-41271	48	20	should	should	AUX
elp-41271	48	21	not	not	PART
elp-41271	48	22	focus	focus	VERB
elp-41271	48	23	entirely	entirely	ADV
elp-41271	48	24	on	on	ADP
elp-41271	48	25	whether	whether	SCONJ
elp-41271	48	26	the	the	DET
elp-41271	48	27	object	object	NOUN
elp-41271	48	28	of	of	ADP
elp-41271	48	29	the	the	DET
elp-41271	48	30	transaction	transaction	NOUN
elp-41271	48	31	in	in	ADP
elp-41271	48	32	question	question	NOUN
elp-41271	48	33	constitutes	constitute	VERB
elp-41271	48	34	a	a	DET
elp-41271	48	35	nominal	nominal	ADJ
elp-41271	48	36	“	"	PUNCT
elp-41271	48	37	security	security	NOUN
elp-41271	48	38	”	"	PUNCT
elp-41271	48	39	but	but	CCONJ
elp-41271	48	40	should	should	AUX
elp-41271	48	41	pay	pay	VERB
elp-41271	48	42	attention	attention	NOUN
elp-41271	48	43	to	to	ADP
elp-41271	48	44	the	the	DET
elp-41271	48	45	rule	rule	NOUN
elp-41271	48	46	of	of	ADP
elp-41271	48	47	presumption	presumption	NOUN
elp-41271	48	48	of	of	ADP
elp-41271	48	49	causation	causation	NOUN
elp-41271	48	50	as	as	ADP
elp-41271	48	51	its	its	PRON
elp-41271	48	52	essence	essence	NOUN
elp-41271	48	53	and	and	CCONJ
elp-41271	48	54	be	be	AUX
elp-41271	48	55	alert	alert	ADJ
elp-41271	48	56	to	to	ADP
elp-41271	48	57	the	the	DET
elp-41271	48	58	great	great	ADJ
elp-41271	48	59	power	power	NOUN
elp-41271	48	60	of	of	ADP
elp-41271	48	61	the	the	DET
elp-41271	48	62	presumption	presumption	NOUN
elp-41271	48	63	of	of	ADP
elp-41271	48	64	causation	causation	NOUN
elp-41271	48	65	(	(	PUNCT
elp-41271	48	66	fan	fan	NOUN
elp-41271	48	67	,	,	PUNCT
elp-41271	48	68	2016	2016	NUM
elp-41271	48	69	,	,	PUNCT
elp-41271	48	70	pp	pp	ADP
elp-41271	48	71	.	.	PUNCT
elp-41271	49	1	1495	1495	NUM
elp-41271	49	2	-	-	SYM
elp-41271	49	3	1511	1511	NUM
elp-41271	49	4	)	)	PUNCT
elp-41271	49	5	.	.	PUNCT
elp-41271	50	1	the	the	DET
elp-41271	50	2	court	court	NOUN
elp-41271	50	3	should	should	AUX
elp-41271	50	4	be	be	AUX
elp-41271	50	5	alert	alert	ADJ
elp-41271	50	6	to	to	ADP
elp-41271	50	7	the	the	DET
elp-41271	50	8	great	great	ADJ
elp-41271	50	9	power	power	NOUN
elp-41271	50	10	of	of	ADP
elp-41271	50	11	the	the	DET
elp-41271	50	12	presumption	presumption	NOUN
elp-41271	50	13	of	of	ADP
elp-41271	50	14	causation	causation	NOUN
elp-41271	50	15	and	and	CCONJ
elp-41271	50	16	evaluate	evaluate	VERB
elp-41271	50	17	the	the	DET
elp-41271	50	18	liability	liability	NOUN
elp-41271	50	19	for	for	ADP
elp-41271	50	20	securities	security	NOUN
elp-41271	50	21	fraud	fraud	NOUN
elp-41271	50	22	in	in	ADP
elp-41271	50	23	an	an	DET
elp-41271	50	24	appropriate	appropriate	ADJ
elp-41271	50	25	and	and	CCONJ
elp-41271	50	26	fair	fair	ADJ
elp-41271	50	27	manner	manner	NOUN
elp-41271	50	28	.	.	PUNCT
elp-41271	51	1	second	second	ADJ
elp-41271	51	2	,	,	PUNCT
elp-41271	51	3	there	there	PRON
elp-41271	51	4	is	be	VERB
elp-41271	51	5	a	a	DET
elp-41271	51	6	theoretical	theoretical	ADJ
elp-41271	51	7	deficiency	deficiency	NOUN
elp-41271	51	8	in	in	ADP
elp-41271	51	9	china	china	PROPN
elp-41271	51	10	’s	’s	PART
elp-41271	51	11	judicial	judicial	ADJ
elp-41271	51	12	practice	practice	NOUN
elp-41271	51	13	regarding	regard	VERB
elp-41271	51	14	the	the	DET
elp-41271	51	15	determination	determination	NOUN
elp-41271	51	16	of	of	ADP
elp-41271	51	17	the	the	DET
elp-41271	51	18	materiality	materiality	NOUN
elp-41271	51	19	of	of	ADP
elp-41271	51	20	securities	security	NOUN
elp-41271	51	21	misrepresentations	misrepresentation	NOUN
elp-41271	51	22	.	.	PUNCT
elp-41271	52	1	whether	whether	SCONJ
elp-41271	52	2	a	a	DET
elp-41271	52	3	misrepresentation	misrepresentation	NOUN
elp-41271	52	4	is	be	AUX
elp-41271	52	5	a	a	DET
elp-41271	52	6	material	material	NOUN
elp-41271	52	7	is	be	AUX
elp-41271	52	8	only	only	ADV
elp-41271	52	9	one	one	NUM
elp-41271	52	10	of	of	ADP
elp-41271	52	11	the	the	DET
elp-41271	52	12	factors	factor	NOUN
elp-41271	52	13	to	to	PART
elp-41271	52	14	be	be	AUX
elp-41271	52	15	considered	consider	VERB
elp-41271	52	16	when	when	SCONJ
elp-41271	52	17	administrative	administrative	ADJ
elp-41271	52	18	penalties	penalty	NOUN
elp-41271	52	19	are	be	AUX
elp-41271	52	20	imposed	impose	VERB
elp-41271	52	21	by	by	ADP
elp-41271	52	22	administrative	administrative	ADJ
elp-41271	52	23	authorities	authority	NOUN
elp-41271	52	24	such	such	ADJ
elp-41271	52	25	as	as	ADP
elp-41271	52	26	the	the	DET
elp-41271	52	27	securities	securities	PROPN
elp-41271	52	28	regulatory	regulatory	ADJ
elp-41271	52	29	commission	commission	PROPN
elp-41271	52	30	.	.	PUNCT
elp-41271	53	1	even	even	ADV
elp-41271	53	2	if	if	SCONJ
elp-41271	53	3	a	a	DET
elp-41271	53	4	misrepresentation	misrepresentation	NOUN
elp-41271	53	5	is	be	AUX
elp-41271	53	6	not	not	PART
elp-41271	53	7	material	material	ADJ
elp-41271	53	8	,	,	PUNCT
elp-41271	53	9	it	it	PRON
elp-41271	53	10	may	may	AUX
elp-41271	53	11	be	be	AUX
elp-41271	53	12	subject	subject	ADJ
elp-41271	53	13	to	to	ADP
elp-41271	53	14	administrative	administrative	ADJ
elp-41271	53	15	penalties	penalty	NOUN
elp-41271	53	16	.	.	PUNCT
elp-41271	54	1	at	at	ADP
elp-41271	54	2	the	the	DET
elp-41271	54	3	same	same	ADJ
elp-41271	54	4	time	time	NOUN
elp-41271	54	5	,	,	PUNCT
elp-41271	54	6	it	it	PRON
elp-41271	54	7	is	be	AUX
elp-41271	54	8	inconsistent	inconsistent	ADJ
elp-41271	54	9	with	with	ADP
elp-41271	54	10	the	the	DET
elp-41271	54	11	current	current	ADJ
elp-41271	54	12	legal	legal	ADJ
elp-41271	54	13	provisions	provision	NOUN
elp-41271	54	14	and	and	CCONJ
elp-41271	54	15	judicial	judicial	ADJ
elp-41271	54	16	interpretations	interpretation	NOUN
elp-41271	54	17	as	as	SCONJ
elp-41271	54	18	the	the	DET
elp-41271	54	19	defendant	defendant	NOUN
elp-41271	54	20	are	be	AUX
elp-41271	54	21	not	not	PART
elp-41271	54	22	allowed	allow	VERB
elp-41271	54	23	to	to	PART
elp-41271	54	24	prove	prove	VERB
elp-41271	54	25	the	the	DET
elp-41271	54	26	basic	basic	ADJ
elp-41271	54	27	facts	fact	NOUN
elp-41271	54	28	found	find	VERB
elp-41271	54	29	in	in	ADP
elp-41271	54	30	the	the	DET
elp-41271	54	31	administrative	administrative	ADJ
elp-41271	54	32	penalty	penalty	NOUN
elp-41271	54	33	decision	decision	NOUN
elp-41271	54	34	in	in	ADP
elp-41271	54	35	a	a	DET
elp-41271	54	36	civil	civil	ADJ
elp-41271	54	37	action	action	NOUN
elp-41271	54	38	for	for	ADP
elp-41271	54	39	misrepresentation	misrepresentation	NOUN
elp-41271	54	40	.	.	PUNCT
elp-41271	55	1	and	and	CCONJ
elp-41271	55	2	a	a	DET
elp-41271	55	3	phenomenon	phenomenon	NOUN
elp-41271	55	4	has	have	AUX
elp-41271	55	5	also	also	ADV
elp-41271	55	6	been	be	AUX
elp-41271	55	7	noted	note	VERB
elp-41271	55	8	that	that	SCONJ
elp-41271	55	9	limiting	limit	VERB
elp-41271	55	10	the	the	DET
elp-41271	55	11	defendant	defendant	NOUN
elp-41271	55	12	’s	’s	PART
elp-41271	55	13	opportunity	opportunity	NOUN
elp-41271	55	14	to	to	PART
elp-41271	55	15	raise	raise	VERB
elp-41271	55	16	the	the	DET
elp-41271	55	17	defense	defense	NOUN
elp-41271	55	18	that	that	SCONJ
elp-41271	55	19	false	false	ADJ
elp-41271	55	20	statements	statement	NOUN
elp-41271	55	21	are	be	AUX
elp-41271	55	22	not	not	PART
elp-41271	55	23	material	material	NOUN
elp-41271	55	24	does	do	AUX
elp-41271	55	25	not	not	PART
elp-41271	55	26	necessarily	necessarily	ADV
elp-41271	55	27	benefit	benefit	VERB
elp-41271	55	28	small	small	ADJ
elp-41271	55	29	and	and	CCONJ
elp-41271	55	30	medium	medium	ADJ
elp-41271	55	31	-	-	PUNCT
elp-41271	55	32	sized	sized	ADJ
elp-41271	55	33	investors	investor	NOUN
elp-41271	55	34	(	(	PUNCT
elp-41271	55	35	cox	cox	PROPN
elp-41271	55	36	,	,	PUNCT
elp-41271	55	37	1997	1997	NUM
elp-41271	55	38	,	,	PUNCT
elp-41271	55	39	p.	p.	NOUN
elp-41271	55	40	497	497	NUM
elp-41271	55	41	)	)	PUNCT
elp-41271	55	42	.	.	PUNCT
elp-41271	56	1	for	for	ADP
elp-41271	56	2	example	example	NOUN
elp-41271	56	3	,	,	PUNCT
elp-41271	56	4	attorneys	attorney	NOUN
elp-41271	56	5	’	'	PUNCT
elp-41271	56	6	fees	fee	NOUN
elp-41271	56	7	and	and	CCONJ
elp-41271	56	8	expert	expert	ADJ
elp-41271	56	9	witness	witness	NOUN
elp-41271	56	10	fees	fee	NOUN
elp-41271	56	11	are	be	AUX
elp-41271	56	12	unavoidable	unavoidable	ADJ
elp-41271	56	13	expenses	expense	NOUN
elp-41271	56	14	,	,	PUNCT
elp-41271	56	15	so	so	ADV
elp-41271	56	16	small	small	ADJ
elp-41271	56	17	and	and	CCONJ
elp-41271	56	18	medium	medium	ADJ
elp-41271	56	19	-	-	PUNCT
elp-41271	56	20	sized	sized	ADJ
elp-41271	56	21	investors	investor	NOUN
elp-41271	56	22	as	as	ADP
elp-41271	56	23	a	a	DET
elp-41271	56	24	whole	whole	NOUN
elp-41271	56	25	are	be	AUX
elp-41271	56	26	at	at	ADP
elp-41271	56	27	a	a	DET
elp-41271	56	28	disadvantage	disadvantage	NOUN
elp-41271	56	29	in	in	ADP
elp-41271	56	30	a	a	DET
elp-41271	56	31	civil	civil	ADJ
elp-41271	56	32	action	action	NOUN
elp-41271	56	33	for	for	ADP
elp-41271	56	34	misrepresentation	misrepresentation	NOUN
elp-41271	56	35	(	(	PUNCT
elp-41271	56	36	fox	fox	NOUN
elp-41271	56	37	,	,	PUNCT
elp-41271	56	38	2009	2009	NUM
elp-41271	56	39	)	)	PUNCT
elp-41271	56	40	.	.	PUNCT
elp-41271	57	1	moreover	moreover	ADV
elp-41271	57	2	,	,	PUNCT
elp-41271	57	3	the	the	DET
elp-41271	57	4	core	core	NOUN
elp-41271	57	5	of	of	ADP
elp-41271	57	6	the	the	DET
elp-41271	57	7	fraud	fraud	NOUN
elp-41271	57	8	on	on	ADP
elp-41271	57	9	the	the	DET
elp-41271	57	10	market	market	NOUN
elp-41271	57	11	theory	theory	NOUN
elp-41271	57	12	is	be	AUX
elp-41271	57	13	that	that	SCONJ
elp-41271	57	14	the	the	DET
elp-41271	57	15	stock	stock	NOUN
elp-41271	57	16	price	price	NOUN
elp-41271	57	17	accurately	accurately	ADV
elp-41271	57	18	and	and	CCONJ
elp-41271	57	19	time	time	NOUN
elp-41271	57	20	reflects	reflect	VERB
elp-41271	57	21	the	the	DET
elp-41271	57	22	public	public	ADJ
elp-41271	57	23	information	information	NOUN
elp-41271	57	24	disclosed	disclose	VERB
elp-41271	57	25	by	by	ADP
elp-41271	57	26	the	the	DET
elp-41271	57	27	perpetrator	perpetrator	NOUN
elp-41271	57	28	of	of	ADP
elp-41271	57	29	the	the	DET
elp-41271	57	30	misrepresentation	misrepresentation	NOUN
elp-41271	57	31	,	,	PUNCT
elp-41271	57	32	so	so	SCONJ
elp-41271	57	33	that	that	SCONJ
elp-41271	57	34	an	an	DET
elp-41271	57	35	investor	investor	NOUN
elp-41271	57	36	’s	’s	PART
elp-41271	57	37	investment	investment	NOUN
elp-41271	57	38	transaction	transaction	NOUN
elp-41271	57	39	based	base	VERB
elp-41271	57	40	on	on	ADP
elp-41271	57	41	stock	stock	NOUN
elp-41271	57	42	price	price	NOUN
elp-41271	57	43	fluctuations	fluctuation	NOUN
elp-41271	57	44	may	may	AUX
elp-41271	57	45	be	be	AUX
elp-41271	57	46	presumed	presume	VERB
elp-41271	57	47	to	to	PART
elp-41271	57	48	have	have	AUX
elp-41271	57	49	relied	rely	VERB
elp-41271	57	50	on	on	ADP
elp-41271	57	51	the	the	DET
elp-41271	57	52	information	information	NOUN
elp-41271	57	53	disclosed	disclose	VERB
elp-41271	57	54	by	by	ADP
elp-41271	57	55	the	the	DET
elp-41271	57	56	perpetrator	perpetrator	NOUN
elp-41271	57	57	,	,	PUNCT
elp-41271	57	58	but	but	CCONJ
elp-41271	57	59	such	such	ADJ
elp-41271	57	60	reliance	reliance	NOUN
elp-41271	57	61	can	can	AUX
elp-41271	57	62	not	not	PART
elp-41271	57	63	be	be	AUX
elp-41271	57	64	presumed	presume	VERB
elp-41271	57	65	when	when	SCONJ
elp-41271	57	66	the	the	DET
elp-41271	57	67	information	information	NOUN
elp-41271	57	68	has	have	VERB
elp-41271	57	69	no	no	DET
elp-41271	57	70	effect	effect	NOUN
elp-41271	57	71	on	on	ADP
elp-41271	57	72	the	the	DET
elp-41271	57	73	stock	stock	NOUN
elp-41271	57	74	price	price	NOUN
elp-41271	57	75	(	(	PUNCT
elp-41271	57	76	langevoort	langevoort	NOUN
elp-41271	57	77	,	,	PUNCT
elp-41271	57	78	2007	2007	NUM
elp-41271	57	79	)	)	PUNCT
elp-41271	57	80	.	.	PUNCT
elp-41271	58	1	in	in	ADP
elp-41271	58	2	the	the	DET
elp-41271	58	3	united	united	PROPN
elp-41271	58	4	states	states	PROPN
elp-41271	58	5	,	,	PUNCT
elp-41271	58	6	the	the	DET
elp-41271	58	7	supreme	supreme	PROPN
elp-41271	58	8	court	court	PROPN
elp-41271	58	9	held	hold	VERB
elp-41271	58	10	that	that	SCONJ
elp-41271	58	11	a	a	DET
elp-41271	58	12	defendant	defendant	NOUN
elp-41271	58	13	could	could	AUX
elp-41271	58	14	rebut	rebut	VERB
elp-41271	58	15	the	the	DET
elp-41271	58	16	presumption	presumption	NOUN
elp-41271	58	17	of	of	ADP
elp-41271	58	18	a	a	DET
elp-41271	58	19	causal	causal	ADJ
elp-41271	58	20	link	link	NOUN
elp-41271	58	21	in	in	ADP
elp-41271	58	22	a	a	DET
elp-41271	58	23	transaction	transaction	NOUN
elp-41271	58	24	since	since	SCONJ
elp-41271	58	25	the	the	DET
elp-41271	58	26	misrepresentation	misrepresentation	NOUN
elp-41271	58	27	had	have	VERB
elp-41271	58	28	no	no	DET
elp-41271	58	29	effect	effect	NOUN
elp-41271	58	30	on	on	ADP
elp-41271	58	31	the	the	DET
elp-41271	58	32	price	price	NOUN
elp-41271	58	33	of	of	ADP
elp-41271	58	34	the	the	DET
elp-41271	58	35	stock	stock	NOUN
elp-41271	58	36	(	(	PUNCT
elp-41271	58	37	halliburton	halliburton	PROPN
elp-41271	58	38	co.	co.	PROPN
elp-41271	58	39	v.	v.	ADP
elp-41271	58	40	erica	erica	PROPN
elp-41271	58	41	p.	p.	PROPN
elp-41271	58	42	john	john	PROPN
elp-41271	58	43	fund	fund	PROPN
elp-41271	58	44	,	,	PUNCT
elp-41271	58	45	inc	inc	PROPN
elp-41271	58	46	.	.	PROPN
elp-41271	58	47	,	,	PUNCT
elp-41271	58	48	134	134	NUM
elp-41271	58	49	s.	s.	PROPN
elp-41271	58	50	ct	ct	PROPN
elp-41271	58	51	.	.	PROPN
elp-41271	58	52	2398	2398	NUM
elp-41271	58	53	,	,	PUNCT
elp-41271	58	54	2014	2014	NUM
elp-41271	58	55	)	)	PUNCT
elp-41271	58	56	.	.	PUNCT
elp-41271	59	1	in	in	ADP
elp-41271	59	2	this	this	DET
elp-41271	59	3	regard	regard	NOUN
elp-41271	59	4	,	,	PUNCT
elp-41271	59	5	china	china	PROPN
elp-41271	59	6	’s	’s	PART
elp-41271	59	7	courts	court	NOUN
elp-41271	59	8	should	should	AUX
elp-41271	59	9	also	also	ADV
elp-41271	59	10	allow	allow	VERB
elp-41271	59	11	defendants	defendant	NOUN
elp-41271	59	12	to	to	PART
elp-41271	59	13	rebut	rebut	VERB
elp-41271	59	14	the	the	DET
elp-41271	59	15	presumption	presumption	NOUN
elp-41271	59	16	of	of	ADP
elp-41271	59	17	causation	causation	NOUN
elp-41271	59	18	on	on	ADP
elp-41271	59	19	this	this	DET
elp-41271	59	20	ground	ground	NOUN
elp-41271	59	21	,	,	PUNCT
elp-41271	59	22	preventing	prevent	VERB
elp-41271	59	23	civil	civil	ADJ
elp-41271	59	24	litigation	litigation	NOUN
elp-41271	59	25	from	from	ADP
elp-41271	59	26	becoming	become	VERB
elp-41271	59	27	“	"	PUNCT
elp-41271	59	28	insurance	insurance	NOUN
elp-41271	59	29	”	"	PUNCT
elp-41271	59	30	for	for	ADP
elp-41271	59	31	investors	investor	NOUN
elp-41271	59	32	’	'	PUNCT
elp-41271	59	33	investments	investment	NOUN
elp-41271	59	34	.	.	PUNCT
elp-41271	60	1	5	5	X
elp-41271	60	2	.	.	PUNCT
elp-41271	60	3	the	the	DET
elp-41271	60	4	judicial	judicial	ADJ
elp-41271	60	5	progress	progress	NOUN
elp-41271	60	6	of	of	ADP
elp-41271	60	7	securities	security	NOUN
elp-41271	60	8	fraud	fraud	NOUN
elp-41271	60	9	case	case	NOUN
elp-41271	60	10	in	in	ADP
elp-41271	60	11	the	the	DET
elp-41271	60	12	absence	absence	NOUN
elp-41271	60	13	of	of	ADP
elp-41271	60	14	general	general	ADJ
elp-41271	60	15	legislative	legislative	ADJ
elp-41271	60	16	regulation	regulation	NOUN
elp-41271	60	17	of	of	ADP
elp-41271	60	18	misrepresentation	misrepresentation	NOUN
elp-41271	60	19	infringement	infringement	NOUN
elp-41271	60	20	,	,	PUNCT
elp-41271	60	21	only	only	ADV
elp-41271	60	22	the	the	DET
elp-41271	60	23	special	special	ADJ
elp-41271	60	24	type	type	NOUN
elp-41271	60	25	of	of	ADP
elp-41271	60	26	misrepresentation	misrepresentation	NOUN
elp-41271	60	27	infringement	infringement	NOUN
elp-41271	60	28	is	be	AUX
elp-41271	60	29	provided	provide	VERB
elp-41271	60	30	for	for	ADP
elp-41271	60	31	,	,	PUNCT
elp-41271	60	32	which	which	PRON
elp-41271	60	33	will	will	AUX
elp-41271	60	34	inevitably	inevitably	ADV
elp-41271	60	35	lack	lack	VERB
elp-41271	60	36	generalization	generalization	NOUN
elp-41271	60	37	and	and	CCONJ
elp-41271	60	38	abstraction	abstraction	NOUN
elp-41271	60	39	of	of	ADP
elp-41271	60	40	the	the	DET
elp-41271	60	41	general	general	ADJ
elp-41271	60	42	elements	element	NOUN
elp-41271	60	43	of	of	ADP
elp-41271	60	44	misrepresentation	misrepresentation	NOUN
elp-41271	60	45	infringement	infringement	NOUN
elp-41271	60	46	and	and	CCONJ
elp-41271	60	47	easily	easily	ADV
elp-41271	60	48	bring	bring	VERB
elp-41271	60	49	legal	legal	ADJ
elp-41271	60	50	loopholes	loophole	NOUN
elp-41271	60	51	in	in	ADP
elp-41271	60	52	the	the	DET
elp-41271	60	53	special	special	ADJ
elp-41271	60	54	law	law	NOUN
elp-41271	60	55	regulation	regulation	NOUN
elp-41271	60	56	(	(	PUNCT
elp-41271	60	57	li	li	PROPN
elp-41271	60	58	,	,	PUNCT
elp-41271	60	59	2015	2015	NUM
elp-41271	60	60	,	,	PUNCT
elp-41271	60	61	p.	p.	NOUN
elp-41271	60	62	250	250	NUM
elp-41271	60	63	)	)	PUNCT
elp-41271	60	64	.	.	PUNCT
elp-41271	61	1	these	these	DET
elp-41271	61	2	challenges	challenge	NOUN
elp-41271	61	3	in	in	ADP
elp-41271	61	4	the	the	DET
elp-41271	61	5	misrepresentation	misrepresentation	NOUN
elp-41271	61	6	tort	tort	NOUN
elp-41271	61	7	regime	regime	NOUN
elp-41271	61	8	were	be	AUX
elp-41271	61	9	further	far	ADV
elp-41271	61	10	addressed	address	VERB
elp-41271	61	11	by	by	ADP
elp-41271	61	12	the	the	DET
elp-41271	61	13	promulgation	promulgation	NOUN
elp-41271	61	14	of	of	ADP
elp-41271	61	15	the	the	DET
elp-41271	61	16	2022	2022	NUM
elp-41271	61	17	supreme	supreme	PROPN
elp-41271	61	18	people	people	PROPN
elp-41271	61	19	’s	’s	PART
elp-41271	61	20	court	court	NOUN
elp-41271	61	21	regulations	regulation	NOUN
elp-41271	61	22	on	on	ADP
elp-41271	61	23	the	the	DET
elp-41271	61	24	trial	trial	NOUN
elp-41271	61	25	of	of	ADP
elp-41271	61	26	civil	civil	ADJ
elp-41271	61	27	compensation	compensation	NOUN
elp-41271	61	28	cases	case	NOUN
elp-41271	61	29	for	for	ADP
elp-41271	61	30	misrepresentation	misrepresentation	NOUN
elp-41271	61	31	infringement	infringement	NOUN
elp-41271	61	32	in	in	ADP
elp-41271	61	33	the	the	DET
elp-41271	61	34	securities	security	NOUN
elp-41271	61	35	market	market	NOUN
elp-41271	61	36	(	(	PUNCT
elp-41271	61	37	fang	fang	X
elp-41271	61	38	,	,	PUNCT
elp-41271	61	39	tian	tian	PROPN
elp-41271	61	40	&	&	CCONJ
elp-41271	61	41	yanfei	yanfei	PROPN
elp-41271	61	42	,	,	PUNCT
elp-41271	61	43	2022	2022	NUM
elp-41271	61	44	)	)	PUNCT
elp-41271	61	45	.	.	PUNCT
elp-41271	62	1	the	the	DET
elp-41271	62	2	newly	newly	ADV
elp-41271	62	3	revised	revise	VERB
elp-41271	62	4	judicial	judicial	ADJ
elp-41271	62	5	interpretation	interpretation	NOUN
elp-41271	62	6	has	have	VERB
elp-41271	62	7	the	the	DET
elp-41271	62	8	important	important	ADJ
elp-41271	62	9	significance	significance	NOUN
elp-41271	62	10	of	of	ADP
elp-41271	62	11	improving	improve	VERB
elp-41271	62	12	the	the	DET
elp-41271	62	13	liability	liability	NOUN
elp-41271	62	14	system	system	NOUN
elp-41271	62	15	for	for	ADP
elp-41271	62	16	misrepresentation	misrepresentation	NOUN
elp-41271	62	17	and	and	CCONJ
elp-41271	62	18	promoting	promote	VERB
elp-41271	62	19	the	the	DET
elp-41271	62	20	progress	progress	NOUN
elp-41271	62	21	of	of	ADP
elp-41271	62	22	civil	civil	ADJ
elp-41271	62	23	liability	liability	NOUN
elp-41271	62	24	adjudication	adjudication	NOUN
elp-41271	62	25	rules	rule	NOUN
elp-41271	62	26	(	(	PUNCT
elp-41271	62	27	tang	tang	PROPN
elp-41271	62	28	&	&	CCONJ
elp-41271	62	29	li	li	PROPN
elp-41271	62	30	,	,	PUNCT
elp-41271	62	31	2022	2022	NUM
elp-41271	62	32	,	,	PUNCT
elp-41271	62	33	pp	pp	ADJ
elp-41271	62	34	.	.	PUNCT
elp-41271	63	1	61	61	NUM
elp-41271	63	2	-	-	SYM
elp-41271	63	3	72	72	NUM
elp-41271	63	4	)	)	PUNCT
elp-41271	63	5	.	.	PUNCT
elp-41271	64	1	the	the	DET
elp-41271	64	2	new	new	ADJ
elp-41271	64	3	judicial	judicial	ADJ
elp-41271	64	4	interpretation	interpretation	NOUN
elp-41271	64	5	introduces	introduce	VERB
elp-41271	64	6	the	the	DET
elp-41271	64	7	fraudulent	fraudulent	ADJ
elp-41271	64	8	market	market	NOUN
elp-41271	64	9	theory	theory	NOUN
elp-41271	64	10	and	and	CCONJ
elp-41271	64	11	scientifically	scientifically	ADV
elp-41271	64	12	designs	design	VERB
elp-41271	64	13	the	the	DET
elp-41271	64	14	logical	logical	ADJ
elp-41271	64	15	system	system	NOUN
elp-41271	64	16	of	of	ADP
elp-41271	64	17	civil	civil	ADJ
elp-41271	64	18	compensation	compensation	NOUN
elp-41271	64	19	for	for	ADP
elp-41271	64	20	www.scholink.org/ojs/index.php/elp	www.scholink.org/ojs/index.php/elp	NOUN
elp-41271	64	21	economics	economic	NOUN
elp-41271	64	22	,	,	PUNCT
elp-41271	64	23	law	law	NOUN
elp-41271	64	24	and	and	CCONJ
elp-41271	64	25	policy	policy	NOUN
elp-41271	64	26	vol	vol	NOUN
elp-41271	64	27	.	.	PUNCT
elp-41271	65	1	7	7	NUM
elp-41271	65	2	,	,	PUNCT
elp-41271	65	3	no	no	INTJ
elp-41271	65	4	.	.	NOUN
elp-41271	65	5	1	1	NUM
elp-41271	65	6	,	,	PUNCT
elp-41271	65	7	2024	2024	NUM
elp-41271	65	8	published	publish	VERB
elp-41271	65	9	by	by	ADP
elp-41271	65	10	scholink	scholink	PROPN
elp-41271	65	11	inc	inc	PROPN
elp-41271	65	12	.	.	PROPN
elp-41271	65	13	170	170	NUM
elp-41271	65	14	misrepresentation	misrepresentation	NOUN
elp-41271	65	15	tort	tort	NOUN
elp-41271	65	16	.	.	PUNCT
elp-41271	66	1	nevertheless	nevertheless	ADV
elp-41271	66	2	,	,	PUNCT
elp-41271	66	3	the	the	DET
elp-41271	66	4	litigation	litigation	NOUN
elp-41271	66	5	system	system	NOUN
elp-41271	66	6	of	of	ADP
elp-41271	66	7	securities	security	NOUN
elp-41271	66	8	investors	investor	NOUN
elp-41271	66	9	still	still	ADV
elp-41271	66	10	need	need	VERB
elp-41271	66	11	to	to	PART
elp-41271	66	12	be	be	AUX
elp-41271	66	13	activated	activate	VERB
elp-41271	66	14	further	far	ADV
elp-41271	66	15	.	.	PUNCT
elp-41271	67	1	it	it	PRON
elp-41271	67	2	is	be	AUX
elp-41271	67	3	to	to	PART
elp-41271	67	4	be	be	AUX
elp-41271	67	5	noted	note	VERB
elp-41271	67	6	that	that	SCONJ
elp-41271	67	7	existing	exist	VERB
elp-41271	67	8	empirical	empirical	ADJ
elp-41271	67	9	studies	study	NOUN
elp-41271	67	10	show	show	VERB
elp-41271	67	11	that	that	SCONJ
elp-41271	67	12	one	one	NUM
elp-41271	67	13	of	of	ADP
elp-41271	67	14	the	the	DET
elp-41271	67	15	main	main	ADJ
elp-41271	67	16	problems	problem	NOUN
elp-41271	67	17	reflected	reflect	VERB
elp-41271	67	18	in	in	ADP
elp-41271	67	19	the	the	DET
elp-41271	67	20	low	low	ADJ
elp-41271	67	21	filing	filing	NOUN
elp-41271	67	22	rate	rate	NOUN
elp-41271	67	23	of	of	ADP
elp-41271	67	24	misrepresentation	misrepresentation	NOUN
elp-41271	67	25	cases	case	NOUN
elp-41271	67	26	in	in	ADP
elp-41271	67	27	china	china	PROPN
elp-41271	67	28	is	be	AUX
elp-41271	67	29	the	the	DET
elp-41271	67	30	lack	lack	NOUN
elp-41271	67	31	of	of	ADP
elp-41271	67	32	investor	investor	NOUN
elp-41271	67	33	confidence	confidence	NOUN
elp-41271	67	34	in	in	ADP
elp-41271	67	35	the	the	DET
elp-41271	67	36	civil	civil	ADJ
elp-41271	67	37	compensation	compensation	NOUN
elp-41271	67	38	mechanism	mechanism	NOUN
elp-41271	67	39	and	and	CCONJ
elp-41271	67	40	the	the	DET
elp-41271	67	41	fact	fact	NOUN
elp-41271	67	42	that	that	SCONJ
elp-41271	67	43	the	the	DET
elp-41271	67	44	existing	exist	VERB
elp-41271	67	45	litigation	litigation	NOUN
elp-41271	67	46	mechanism	mechanism	NOUN
elp-41271	67	47	does	do	AUX
elp-41271	67	48	not	not	PART
elp-41271	67	49	yet	yet	ADV
elp-41271	67	50	provide	provide	VERB
elp-41271	67	51	a	a	DET
elp-41271	67	52	strong	strong	ADJ
elp-41271	67	53	litigation	litigation	NOUN
elp-41271	67	54	tool	tool	NOUN
elp-41271	67	55	for	for	ADP
elp-41271	67	56	injured	injured	ADJ
elp-41271	67	57	investors	investor	NOUN
elp-41271	67	58	(	(	PUNCT
elp-41271	67	59	tang	tang	PROPN
elp-41271	67	60	,	,	PUNCT
elp-41271	67	61	2019	2019	NUM
elp-41271	67	62	,	,	PUNCT
elp-41271	67	63	pp	pp	ADJ
elp-41271	67	64	.	.	PUNCT
elp-41271	68	1	58	58	NUM
elp-41271	68	2	-	-	SYM
elp-41271	68	3	59	59	NUM
elp-41271	68	4	)	)	PUNCT
elp-41271	68	5	.	.	PUNCT
elp-41271	69	1	in	in	ADP
elp-41271	69	2	addition	addition	NOUN
elp-41271	69	3	to	to	ADP
elp-41271	69	4	the	the	DET
elp-41271	69	5	“	"	PUNCT
elp-41271	69	6	implied	imply	VERB
elp-41271	69	7	entry	entry	NOUN
elp-41271	69	8	and	and	CCONJ
elp-41271	69	9	express	express	VERB
elp-41271	69	10	exit	exit	NOUN
elp-41271	69	11	”	"	PUNCT
elp-41271	69	12	litigation	litigation	NOUN
elp-41271	69	13	mechanism	mechanism	NOUN
elp-41271	69	14	in	in	ADP
elp-41271	69	15	the	the	DET
elp-41271	69	16	united	united	PROPN
elp-41271	69	17	states	states	PROPN
elp-41271	69	18	,	,	PUNCT
elp-41271	69	19	there	there	PRON
elp-41271	69	20	still	still	ADV
elp-41271	69	21	a	a	DET
elp-41271	69	22	large	large	ADJ
elp-41271	69	23	space	space	NOUN
elp-41271	69	24	to	to	PART
elp-41271	69	25	explore	explore	VERB
elp-41271	69	26	when	when	SCONJ
elp-41271	69	27	it	it	PRON
elp-41271	69	28	comes	come	VERB
elp-41271	69	29	to	to	ADP
elp-41271	69	30	the	the	DET
elp-41271	69	31	subject	subject	NOUN
elp-41271	69	32	of	of	ADP
elp-41271	69	33	building	build	VERB
elp-41271	69	34	a	a	DET
elp-41271	69	35	class	class	NOUN
elp-41271	69	36	action	action	NOUN
elp-41271	69	37	system	system	NOUN
elp-41271	69	38	that	that	PRON
elp-41271	69	39	is	be	AUX
elp-41271	69	40	consistent	consistent	ADJ
elp-41271	69	41	with	with	ADP
elp-41271	69	42	the	the	DET
elp-41271	69	43	chinese	chinese	ADJ
elp-41271	69	44	securities	security	NOUN
elp-41271	69	45	market	market	NOUN
elp-41271	69	46	(	(	PUNCT
elp-41271	69	47	xu	xu	INTJ
elp-41271	69	48	,	,	PUNCT
elp-41271	69	49	2020	2020	NUM
elp-41271	69	50	,	,	PUNCT
elp-41271	69	51	pp	pp	ADJ
elp-41271	69	52	.	.	PUNCT
elp-41271	70	1	61	61	NUM
elp-41271	70	2	-	-	SYM
elp-41271	70	3	73	73	NUM
elp-41271	70	4	)	)	PUNCT
elp-41271	70	5	.	.	PUNCT
elp-41271	71	1	such	such	ADJ
elp-41271	71	2	issues	issue	NOUN
elp-41271	71	3	should	should	AUX
elp-41271	71	4	be	be	AUX
elp-41271	71	5	considered	consider	VERB
elp-41271	71	6	,	,	PUNCT
elp-41271	71	7	for	for	ADP
elp-41271	71	8	example	example	NOUN
elp-41271	71	9	,	,	PUNCT
elp-41271	71	10	the	the	DET
elp-41271	71	11	proper	proper	ADJ
elp-41271	71	12	and	and	CCONJ
elp-41271	71	13	reasonable	reasonable	ADJ
elp-41271	71	14	identification	identification	NOUN
elp-41271	71	15	of	of	ADP
elp-41271	71	16	the	the	DET
elp-41271	71	17	scope	scope	NOUN
elp-41271	71	18	of	of	ADP
elp-41271	71	19	rights	right	NOUN
elp-41271	71	20	holders	holder	NOUN
elp-41271	71	21	,	,	PUNCT
elp-41271	71	22	the	the	DET
elp-41271	71	23	clarification	clarification	NOUN
elp-41271	71	24	of	of	ADP
elp-41271	71	25	the	the	DET
elp-41271	71	26	scope	scope	NOUN
elp-41271	71	27	of	of	ADP
elp-41271	71	28	authorization	authorization	NOUN
elp-41271	71	29	of	of	ADP
elp-41271	71	30	insurance	insurance	NOUN
elp-41271	71	31	institutions	institution	NOUN
elp-41271	71	32	,	,	PUNCT
elp-41271	71	33	and	and	CCONJ
elp-41271	71	34	the	the	DET
elp-41271	71	35	expansive	expansive	ADJ
elp-41271	71	36	effect	effect	NOUN
elp-41271	71	37	of	of	ADP
elp-41271	71	38	class	class	NOUN
elp-41271	71	39	action	action	NOUN
elp-41271	71	40	results	result	NOUN
elp-41271	71	41	.	.	PUNCT
elp-41271	72	1	6	6	X
elp-41271	72	2	.	.	X
elp-41271	72	3	case	case	NOUN
elp-41271	72	4	shock	shock	VERB
elp-41271	72	5	the	the	DET
elp-41271	72	6	market	market	NOUN
elp-41271	72	7	:	:	PUNCT
elp-41271	72	8	kangmei	kangmei	PROPN
elp-41271	72	9	case	case	NOUN
elp-41271	72	10	kangmei	kangmei	PROPN
elp-41271	72	11	pharmaceutical	pharmaceutical	PROPN
elp-41271	72	12	co.	co.	PROPN
elp-41271	72	13	,	,	PUNCT
elp-41271	72	14	ltd	ltd	PROPN
elp-41271	72	15	.	.	PROPN
elp-41271	73	1	(	(	PUNCT
elp-41271	73	2	hereinafter	hereinafter	NOUN
elp-41271	73	3	referred	refer	VERB
elp-41271	73	4	to	to	ADP
elp-41271	73	5	as	as	ADP
elp-41271	73	6	kangmei	kangmei	PROPN
elp-41271	73	7	pharmaceutical	pharmaceutical	PROPN
elp-41271	73	8	)	)	PUNCT
elp-41271	73	9	was	be	AUX
elp-41271	73	10	established	establish	VERB
elp-41271	73	11	in	in	ADP
elp-41271	73	12	1997	1997	NUM
elp-41271	73	13	and	and	CCONJ
elp-41271	73	14	listed	list	VERB
elp-41271	73	15	on	on	ADP
elp-41271	73	16	the	the	DET
elp-41271	73	17	shanghai	shanghai	PROPN
elp-41271	73	18	stock	stock	PROPN
elp-41271	73	19	exchange	exchange	PROPN
elp-41271	73	20	in	in	ADP
elp-41271	73	21	2001	2001	NUM
elp-41271	73	22	.	.	PUNCT
elp-41271	74	1	it	it	PRON
elp-41271	74	2	is	be	AUX
elp-41271	74	3	a	a	DET
elp-41271	74	4	listed	list	VERB
elp-41271	74	5	company	company	NOUN
elp-41271	74	6	that	that	PRON
elp-41271	74	7	focuses	focus	VERB
elp-41271	74	8	on	on	ADP
elp-41271	74	9	the	the	DET
elp-41271	74	10	production	production	NOUN
elp-41271	74	11	and	and	CCONJ
elp-41271	74	12	sales	sale	NOUN
elp-41271	74	13	of	of	ADP
elp-41271	74	14	traditional	traditional	ADJ
elp-41271	74	15	chinese	chinese	ADJ
elp-41271	74	16	medicine	medicine	NOUN
elp-41271	74	17	decoction	decoction	NOUN
elp-41271	74	18	pieces	piece	NOUN
elp-41271	74	19	.	.	PUNCT
elp-41271	75	1	during	during	ADP
elp-41271	75	2	the	the	DET
elp-41271	75	3	period	period	NOUN
elp-41271	75	4	from	from	ADP
elp-41271	75	5	2015	2015	NUM
elp-41271	75	6	to	to	ADP
elp-41271	75	7	2018	2018	NUM
elp-41271	75	8	,	,	PUNCT
elp-41271	75	9	kangmei	kangmei	PROPN
elp-41271	75	10	pharmaceutical	pharmaceutical	PROPN
elp-41271	75	11	company	company	NOUN
elp-41271	75	12	’s	’s	PART
elp-41271	75	13	operations	operation	NOUN
elp-41271	75	14	expanded	expand	VERB
elp-41271	75	15	in	in	ADP
elp-41271	75	16	disorderly	disorderly	ADJ
elp-41271	75	17	manner	manner	NOUN
elp-41271	75	18	,	,	PUNCT
elp-41271	75	19	and	and	CCONJ
elp-41271	75	20	engaged	engage	VERB
elp-41271	75	21	in	in	ADP
elp-41271	75	22	financial	financial	ADJ
elp-41271	75	23	fraud	fraud	NOUN
elp-41271	75	24	.	.	PUNCT
elp-41271	76	1	the	the	DET
elp-41271	76	2	controlling	control	VERB
elp-41271	76	3	shareholder	shareholder	NOUN
elp-41271	76	4	and	and	CCONJ
elp-41271	76	5	related	relate	VERB
elp-41271	76	6	-	-	PUNCT
elp-41271	76	7	parties	party	NOUN
elp-41271	76	8	occupied	occupy	VERB
elp-41271	76	9	funds	fund	NOUN
elp-41271	76	10	for	for	ADP
elp-41271	76	11	private	private	ADJ
elp-41271	76	12	purposes	purpose	NOUN
elp-41271	76	13	,	,	PUNCT
elp-41271	76	14	leading	lead	VERB
elp-41271	76	15	to	to	ADP
elp-41271	76	16	insolvency	insolvency	NOUN
elp-41271	76	17	and	and	CCONJ
elp-41271	76	18	delisting	delisting	NOUN
elp-41271	76	19	.	.	PUNCT
elp-41271	77	1	the	the	DET
elp-41271	77	2	controller	controller	NOUN
elp-41271	77	3	of	of	ADP
elp-41271	77	4	the	the	DET
elp-41271	77	5	company	company	NOUN
elp-41271	77	6	was	be	AUX
elp-41271	77	7	held	hold	VERB
elp-41271	77	8	criminally	criminally	ADV
elp-41271	77	9	responsible	responsible	ADJ
elp-41271	77	10	for	for	ADP
elp-41271	77	11	manipulating	manipulate	VERB
elp-41271	77	12	the	the	DET
elp-41271	77	13	securities	security	NOUN
elp-41271	77	14	market	market	NOUN
elp-41271	77	15	and	and	CCONJ
elp-41271	77	16	engaging	engage	VERB
elp-41271	77	17	in	in	ADP
elp-41271	77	18	illegal	illegal	ADJ
elp-41271	77	19	disclosure	disclosure	NOUN
elp-41271	77	20	or	or	CCONJ
elp-41271	77	21	non	non	ADJ
elp-41271	77	22	disclosure	disclosure	NOUN
elp-41271	77	23	of	of	ADP
elp-41271	77	24	important	important	ADJ
elp-41271	77	25	information	information	NOUN
elp-41271	77	26	.	.	PUNCT
elp-41271	78	1	in	in	ADP
elp-41271	78	2	november	november	PROPN
elp-41271	78	3	2021	2021	NUM
elp-41271	78	4	,	,	PUNCT
elp-41271	78	5	kangmei	kangmei	PROPN
elp-41271	78	6	pharmaceutical	pharmaceutical	NOUN
elp-41271	78	7	was	be	AUX
elp-41271	78	8	fined	fine	VERB
elp-41271	78	9	5	5	NUM
elp-41271	78	10	million	million	NUM
elp-41271	78	11	yuan	yuan	NOUN
elp-41271	78	12	on	on	ADP
elp-41271	78	13	charges	charge	NOUN
elp-41271	78	14	of	of	ADP
elp-41271	78	15	cooperative	cooperative	ADJ
elp-41271	78	16	bribery	bribery	NOUN
elp-41271	78	17	.	.	PUNCT
elp-41271	79	1	soon	soon	ADV
elp-41271	79	2	after	after	ADV
elp-41271	79	3	,	,	PUNCT
elp-41271	79	4	the	the	DET
elp-41271	79	5	local	local	ADJ
elp-41271	79	6	court	court	NOUN
elp-41271	79	7	in	in	ADP
elp-41271	79	8	guangzhou	guangzhou	PROPN
elp-41271	79	9	has	have	AUX
elp-41271	79	10	made	make	VERB
elp-41271	79	11	a	a	DET
elp-41271	79	12	judgment	judgment	NOUN
elp-41271	79	13	,	,	PUNCT
elp-41271	79	14	which	which	PRON
elp-41271	79	15	is	be	AUX
elp-41271	79	16	also	also	ADV
elp-41271	79	17	the	the	DET
elp-41271	79	18	first	first	ADJ
elp-41271	79	19	securities	security	NOUN
elp-41271	79	20	false	false	ADJ
elp-41271	79	21	statement	statement	NOUN
elp-41271	79	22	liability	liability	NOUN
elp-41271	79	23	dispute	dispute	NOUN
elp-41271	79	24	in	in	ADP
elp-41271	79	25	china	china	PROPN
elp-41271	79	26	,	,	PUNCT
elp-41271	79	27	that	that	SCONJ
elp-41271	79	28	kangmei	kangmei	PROPN
elp-41271	79	29	pharmaceutical	pharmaceutical	NOUN
elp-41271	79	30	has	have	AUX
elp-41271	79	31	compensated	compensate	VERB
elp-41271	79	32	52037	52037	NUM
elp-41271	79	33	investors	investor	NOUN
elp-41271	79	34	with	with	ADP
elp-41271	79	35	a	a	DET
elp-41271	79	36	loss	loss	NOUN
elp-41271	79	37	of	of	ADP
elp-41271	79	38	2.459	2.459	NUM
elp-41271	79	39	billion	billion	NUM
elp-41271	79	40	yuan	yuan	NOUN
elp-41271	79	41	.	.	PUNCT
elp-41271	80	1	6.1	6.1	NUM
elp-41271	80	2	determination	determination	NOUN
elp-41271	80	3	of	of	ADP
elp-41271	80	4	false	false	ADJ
elp-41271	80	5	statements	statement	NOUN
elp-41271	80	6	in	in	ADP
elp-41271	80	7	the	the	DET
elp-41271	80	8	case	case	NOUN
elp-41271	80	9	in	in	ADP
elp-41271	80	10	the	the	DET
elp-41271	80	11	“	"	PUNCT
elp-41271	80	12	2016	2016	NUM
elp-41271	80	13	annual	annual	ADJ
elp-41271	80	14	report	report	NOUN
elp-41271	80	15	”	"	PUNCT
elp-41271	80	16	,	,	PUNCT
elp-41271	80	17	“	"	PUNCT
elp-41271	80	18	2017	2017	NUM
elp-41271	80	19	annual	annual	ADJ
elp-41271	80	20	report	report	NOUN
elp-41271	80	21	”	"	PUNCT
elp-41271	80	22	,	,	PUNCT
elp-41271	80	23	and	and	CCONJ
elp-41271	80	24	“	"	PUNCT
elp-41271	80	25	2018	2018	NUM
elp-41271	80	26	half	half	NOUN
elp-41271	80	27	year	year	NOUN
elp-41271	80	28	report	report	NOUN
elp-41271	80	29	”	"	PUNCT
elp-41271	80	30	disclosed	disclose	VERB
elp-41271	80	31	by	by	ADP
elp-41271	80	32	kangmei	kangmei	PROPN
elp-41271	80	33	pharmaceutical	pharmaceutical	NOUN
elp-41271	80	34	,	,	PUNCT
elp-41271	80	35	there	there	PRON
elp-41271	80	36	is	be	VERB
elp-41271	80	37	a	a	DET
elp-41271	80	38	false	false	ADJ
elp-41271	80	39	increase	increase	NOUN
elp-41271	80	40	in	in	ADP
elp-41271	80	41	operating	operate	VERB
elp-41271	80	42	income	income	NOUN
elp-41271	80	43	,	,	PUNCT
elp-41271	80	44	interest	interest	NOUN
elp-41271	80	45	income	income	NOUN
elp-41271	80	46	,	,	PUNCT
elp-41271	80	47	and	and	CCONJ
elp-41271	80	48	operating	operating	NOUN
elp-41271	80	49	profit	profit	NOUN
elp-41271	80	50	,	,	PUNCT
elp-41271	80	51	a	a	DET
elp-41271	80	52	false	false	ADJ
elp-41271	80	53	increase	increase	NOUN
elp-41271	80	54	in	in	ADP
elp-41271	80	55	monetary	monetary	ADJ
elp-41271	80	56	funds	fund	NOUN
elp-41271	80	57	,	,	PUNCT
elp-41271	80	58	and	and	CCONJ
elp-41271	80	59	a	a	DET
elp-41271	80	60	failure	failure	NOUN
elp-41271	80	61	to	to	PART
elp-41271	80	62	disclose	disclose	VERB
elp-41271	80	63	the	the	DET
elp-41271	80	64	non	non	ADJ
elp-41271	80	65	-	-	ADJ
elp-41271	80	66	operational	operational	ADJ
elp-41271	80	67	occupation	occupation	NOUN
elp-41271	80	68	of	of	ADP
elp-41271	80	69	funds	fund	NOUN
elp-41271	80	70	by	by	ADP
elp-41271	80	71	controlling	control	VERB
elp-41271	80	72	shareholders	shareholder	NOUN
elp-41271	80	73	and	and	CCONJ
elp-41271	80	74	their	their	PRON
elp-41271	80	75	related	related	ADJ
elp-41271	80	76	parties	party	NOUN
elp-41271	80	77	.	.	PUNCT
elp-41271	81	1	this	this	PRON
elp-41271	81	2	constitutes	constitute	VERB
elp-41271	81	3	the	the	DET
elp-41271	81	4	act	act	NOUN
elp-41271	81	5	of	of	ADP
elp-41271	81	6	making	make	VERB
elp-41271	81	7	false	false	ADJ
elp-41271	81	8	records	record	NOUN
elp-41271	81	9	of	of	ADP
elp-41271	81	10	major	major	ADJ
elp-41271	81	11	events	event	NOUN
elp-41271	81	12	that	that	PRON
elp-41271	81	13	inconsistent	inconsistent	VERB
elp-41271	81	14	with	with	ADP
elp-41271	81	15	facts	fact	NOUN
elp-41271	81	16	,	,	PUNCT
elp-41271	81	17	causing	cause	VERB
elp-41271	81	18	significant	significant	ADJ
elp-41271	81	19	omissions	omission	NOUN
elp-41271	81	20	in	in	ADP
elp-41271	81	21	disclosure	disclosure	NOUN
elp-41271	81	22	.	.	PUNCT
elp-41271	82	1	there	there	PRON
elp-41271	82	2	are	be	VERB
elp-41271	82	3	false	false	ADJ
elp-41271	82	4	records	record	NOUN
elp-41271	82	5	in	in	ADP
elp-41271	82	6	the	the	DET
elp-41271	82	7	audit	audit	NOUN
elp-41271	82	8	reports	report	NOUN
elp-41271	82	9	of	of	ADP
elp-41271	82	10	kangmei	kangmei	PROPN
elp-41271	82	11	pharmaceutical	pharmaceutical	PROPN
elp-41271	82	12	’s	’s	PART
elp-41271	82	13	financial	financial	ADJ
elp-41271	82	14	statements	statement	NOUN
elp-41271	82	15	in	in	ADP
elp-41271	82	16	2016	2016	NUM
elp-41271	82	17	and	and	CCONJ
elp-41271	82	18	2017	2017	NUM
elp-41271	82	19	issued	issue	VERB
elp-41271	82	20	by	by	ADP
elp-41271	82	21	accounting	accounting	NOUN
elp-41271	82	22	firm	firm	NOUN
elp-41271	82	23	.	.	PUNCT
elp-41271	83	1	thus	thus	ADV
elp-41271	83	2	,	,	PUNCT
elp-41271	83	3	the	the	DET
elp-41271	83	4	court	court	NOUN
elp-41271	83	5	confirmed	confirm	VERB
elp-41271	83	6	the	the	DET
elp-41271	83	7	fact	fact	NOUN
elp-41271	83	8	that	that	SCONJ
elp-41271	83	9	kangmei	kangmei	PROPN
elp-41271	83	10	pharmaceutical	pharmaceutical	NOUN
elp-41271	83	11	had	have	AUX
elp-41271	83	12	false	false	ADJ
elp-41271	83	13	records	record	NOUN
elp-41271	83	14	and	and	CCONJ
elp-41271	83	15	major	major	ADJ
elp-41271	83	16	omissions	omission	NOUN
elp-41271	83	17	,	,	PUNCT
elp-41271	83	18	and	and	CCONJ
elp-41271	83	19	found	find	VERB
elp-41271	83	20	that	that	SCONJ
elp-41271	83	21	the	the	DET
elp-41271	83	22	case	case	NOUN
elp-41271	83	23	had	have	VERB
elp-41271	83	24	false	false	ADJ
elp-41271	83	25	statements	statement	NOUN
elp-41271	83	26	.	.	PUNCT
elp-41271	84	1	6.2	6.2	NUM
elp-41271	84	2	factual	factual	ADJ
elp-41271	84	3	causation	causation	NOUN
elp-41271	84	4	between	between	ADP
elp-41271	84	5	the	the	DET
elp-41271	84	6	plaintiff	plaintiff	NOUN
elp-41271	84	7	’s	’s	PART
elp-41271	84	8	investment	investment	NOUN
elp-41271	84	9	losses	loss	NOUN
elp-41271	84	10	and	and	CCONJ
elp-41271	84	11	the	the	DET
elp-41271	84	12	false	false	ADJ
elp-41271	84	13	statements	statement	NOUN
elp-41271	84	14	article	article	NOUN
elp-41271	84	15	18	18	NUM
elp-41271	84	16	of	of	ADP
elp-41271	84	17	the	the	DET
elp-41271	84	18	“	"	PUNCT
elp-41271	84	19	several	several	ADJ
elp-41271	84	20	provisions	provision	NOUN
elp-41271	84	21	of	of	ADP
elp-41271	84	22	the	the	DET
elp-41271	84	23	supreme	supreme	PROPN
elp-41271	84	24	people	people	PROPN
elp-41271	84	25	’s	’s	PART
elp-41271	84	26	court	court	NOUN
elp-41271	84	27	on	on	ADP
elp-41271	84	28	the	the	DET
elp-41271	84	29	trial	trial	NOUN
elp-41271	84	30	of	of	ADP
elp-41271	84	31	civil	civil	ADJ
elp-41271	84	32	compensation	compensation	NOUN
elp-41271	84	33	cases	case	NOUN
elp-41271	84	34	caused	cause	VERB
elp-41271	84	35	by	by	ADP
elp-41271	84	36	false	false	ADJ
elp-41271	84	37	statements	statement	NOUN
elp-41271	84	38	in	in	ADP
elp-41271	84	39	the	the	DET
elp-41271	84	40	securities	security	NOUN
elp-41271	84	41	market	market	NOUN
elp-41271	84	42	”	"	PUNCT
elp-41271	84	43	stipulates	stipulate	VERB
elp-41271	84	44	:	:	PUNCT
elp-41271	84	45	“	"	PUNCT
elp-41271	84	46	if	if	SCONJ
elp-41271	84	47	an	an	DET
elp-41271	84	48	investor	investor	NOUN
elp-41271	84	49	has	have	VERB
elp-41271	84	50	the	the	DET
elp-41271	84	51	following	follow	VERB
elp-41271	84	52	circumstances	circumstance	NOUN
elp-41271	84	53	,	,	PUNCT
elp-41271	84	54	the	the	DET
elp-41271	84	55	people	people	NOUN
elp-41271	84	56	’s	’s	PART
elp-41271	84	57	court	court	NOUN
elp-41271	84	58	shall	shall	AUX
elp-41271	84	59	determine	determine	VERB
elp-41271	84	60	that	that	SCONJ
elp-41271	84	61	there	there	PRON
elp-41271	84	62	is	be	VERB
elp-41271	84	63	a	a	DET
elp-41271	84	64	causal	causal	ADJ
elp-41271	84	65	relationship	relationship	NOUN
elp-41271	84	66	www.scholink.org/ojs/index.php/elp	www.scholink.org/ojs/index.php/elp	NOUN
elp-41271	84	67	economics	economic	NOUN
elp-41271	84	68	,	,	PUNCT
elp-41271	84	69	law	law	NOUN
elp-41271	84	70	and	and	CCONJ
elp-41271	84	71	policy	policy	NOUN
elp-41271	84	72	vol	vol	NOUN
elp-41271	84	73	.	.	PUNCT
elp-41271	85	1	7	7	NUM
elp-41271	85	2	,	,	PUNCT
elp-41271	85	3	no	no	INTJ
elp-41271	85	4	.	.	NOUN
elp-41271	85	5	1	1	NUM
elp-41271	85	6	,	,	PUNCT
elp-41271	85	7	2024	2024	NUM
elp-41271	85	8	published	publish	VERB
elp-41271	85	9	by	by	ADP
elp-41271	85	10	scholink	scholink	PROPN
elp-41271	85	11	inc	inc	PROPN
elp-41271	85	12	.	.	PROPN
elp-41271	85	13	171	171	NUM
elp-41271	85	14	between	between	ADP
elp-41271	85	15	the	the	DET
elp-41271	85	16	false	false	ADJ
elp-41271	85	17	statement	statement	NOUN
elp-41271	85	18	and	and	CCONJ
elp-41271	85	19	the	the	DET
elp-41271	85	20	damage	damage	NOUN
elp-41271	85	21	result	result	NOUN
elp-41271	85	22	:	:	PUNCT
elp-41271	85	23	(	(	PUNCT
elp-41271	85	24	1	1	X
elp-41271	85	25	)	)	PUNCT
elp-41271	85	26	the	the	DET
elp-41271	85	27	investor	investor	NOUN
elp-41271	85	28	invests	invest	NOUN
elp-41271	85	29	in	in	ADP
elp-41271	85	30	securities	security	NOUN
elp-41271	85	31	directly	directly	ADV
elp-41271	85	32	related	relate	VERB
elp-41271	85	33	to	to	ADP
elp-41271	85	34	the	the	DET
elp-41271	85	35	false	false	ADJ
elp-41271	85	36	statement	statement	NOUN
elp-41271	85	37	;	;	PUNCT
elp-41271	85	38	(	(	PUNCT
elp-41271	85	39	2	2	X
elp-41271	85	40	)	)	PUNCT
elp-41271	85	41	the	the	DET
elp-41271	85	42	investor	investor	NOUN
elp-41271	85	43	buys	buy	VERB
elp-41271	85	44	the	the	DET
elp-41271	85	45	securities	security	NOUN
elp-41271	85	46	before	before	ADP
elp-41271	85	47	the	the	DET
elp-41271	85	48	disclosure	disclosure	NOUN
elp-41271	85	49	date	date	NOUN
elp-41271	85	50	or	or	CCONJ
elp-41271	85	51	correction	correction	NOUN
elp-41271	85	52	date	date	NOUN
elp-41271	85	53	on	on	ADP
elp-41271	85	54	or	or	CCONJ
elp-41271	85	55	after	after	ADP
elp-41271	85	56	the	the	DET
elp-41271	85	57	implementation	implementation	NOUN
elp-41271	85	58	date	date	NOUN
elp-41271	85	59	of	of	ADP
elp-41271	85	60	the	the	DET
elp-41271	85	61	false	false	ADJ
elp-41271	85	62	statement	statement	NOUN
elp-41271	85	63	;	;	PUNCT
elp-41271	85	64	(	(	PUNCT
elp-41271	85	65	3	3	X
elp-41271	85	66	)	)	PUNCT
elp-41271	85	67	the	the	DET
elp-41271	85	68	investor	investor	NOUN
elp-41271	85	69	incurs	incur	VERB
elp-41271	85	70	losses	loss	NOUN
elp-41271	85	71	due	due	ADJ
elp-41271	85	72	to	to	ADP
elp-41271	85	73	selling	sell	VERB
elp-41271	85	74	the	the	DET
elp-41271	85	75	securities	security	NOUN
elp-41271	85	76	or	or	CCONJ
elp-41271	85	77	continuing	continue	VERB
elp-41271	85	78	to	to	PART
elp-41271	85	79	hold	hold	VERB
elp-41271	85	80	the	the	DET
elp-41271	85	81	securities	security	NOUN
elp-41271	85	82	on	on	ADP
elp-41271	85	83	or	or	CCONJ
elp-41271	85	84	after	after	ADP
elp-41271	85	85	the	the	DET
elp-41271	85	86	disclosure	disclosure	NOUN
elp-41271	85	87	date	date	NOUN
elp-41271	85	88	or	or	CCONJ
elp-41271	85	89	correction	correction	NOUN
elp-41271	85	90	date	date	NOUN
elp-41271	85	91	of	of	ADP
elp-41271	85	92	the	the	DET
elp-41271	85	93	false	false	ADJ
elp-41271	85	94	statement	statement	NOUN
elp-41271	85	95	”	"	PUNCT
elp-41271	85	96	.	.	PUNCT
elp-41271	86	1	according	accord	VERB
elp-41271	86	2	to	to	ADP
elp-41271	86	3	the	the	DET
elp-41271	86	4	provisions	provision	NOUN
elp-41271	86	5	of	of	ADP
elp-41271	86	6	this	this	DET
elp-41271	86	7	judicial	judicial	ADJ
elp-41271	86	8	interpretation	interpretation	NOUN
elp-41271	86	9	,	,	PUNCT
elp-41271	86	10	it	it	PRON
elp-41271	86	11	shall	shall	AUX
elp-41271	86	12	be	be	AUX
elp-41271	86	13	presumed	presume	VERB
elp-41271	86	14	that	that	SCONJ
elp-41271	86	15	there	there	PRON
elp-41271	86	16	is	be	VERB
elp-41271	86	17	a	a	DET
elp-41271	86	18	causation	causation	NOUN
elp-41271	86	19	between	between	ADP
elp-41271	86	20	the	the	DET
elp-41271	86	21	loss	loss	NOUN
elp-41271	86	22	of	of	ADP
elp-41271	86	23	investors	investor	NOUN
elp-41271	86	24	and	and	CCONJ
elp-41271	86	25	the	the	DET
elp-41271	86	26	defendant	defendant	NOUN
elp-41271	86	27	’s	’s	PART
elp-41271	86	28	false	false	ADJ
elp-41271	86	29	statement	statement	NOUN
elp-41271	86	30	behavior	behavior	NOUN
elp-41271	86	31	.	.	PUNCT
elp-41271	87	1	6.3	6.3	NUM
elp-41271	87	2	compensation	compensation	NOUN
elp-41271	87	3	liability	liability	NOUN
elp-41271	87	4	article	article	NOUN
elp-41271	87	5	69	69	NUM
elp-41271	87	6	of	of	ADP
elp-41271	87	7	the	the	DET
elp-41271	87	8	securities	security	NOUN
elp-41271	87	9	law	law	NOUN
elp-41271	87	10	of	of	ADP
elp-41271	87	11	prc	prc	PROPN
elp-41271	87	12	(	(	PUNCT
elp-41271	87	13	2014	2014	NUM
elp-41271	87	14	amendment	amendment	NOUN
elp-41271	87	15	)	)	PUNCT
elp-41271	87	16	set	set	VERB
elp-41271	87	17	the	the	DET
elp-41271	87	18	rule	rule	NOUN
elp-41271	87	19	that	that	SCONJ
elp-41271	87	20	the	the	DET
elp-41271	87	21	issuer	issuer	NOUN
elp-41271	87	22	or	or	CCONJ
elp-41271	87	23	listed	list	VERB
elp-41271	87	24	company	company	NOUN
elp-41271	87	25	hold	hold	VERB
elp-41271	87	26	the	the	DET
elp-41271	87	27	compensation	compensation	NOUN
elp-41271	87	28	liability	liability	NOUN
elp-41271	87	29	in	in	ADP
elp-41271	87	30	false	false	ADJ
elp-41271	87	31	misrepresentation	misrepresentation	NOUN
elp-41271	87	32	.	.	PUNCT
elp-41271	88	1	the	the	DET
elp-41271	88	2	directors	director	NOUN
elp-41271	88	3	,	,	PUNCT
elp-41271	88	4	supervisors	supervisor	NOUN
elp-41271	88	5	,	,	PUNCT
elp-41271	88	6	senior	senior	ADJ
elp-41271	88	7	management	management	NOUN
elp-41271	88	8	personnel	personnel	NOUN
elp-41271	88	9	,	,	PUNCT
elp-41271	88	10	other	other	ADJ
elp-41271	88	11	directly	directly	ADV
elp-41271	88	12	responsible	responsible	ADJ
elp-41271	88	13	personnel	personnel	NOUN
elp-41271	88	14	,	,	PUNCT
elp-41271	88	15	the	the	DET
elp-41271	88	16	controlling	control	VERB
elp-41271	88	17	shareholder	shareholder	NOUN
elp-41271	88	18	or	or	CCONJ
elp-41271	88	19	actual	actual	ADJ
elp-41271	88	20	controller	controller	NOUN
elp-41271	88	21	of	of	ADP
elp-41271	88	22	the	the	DET
elp-41271	88	23	issuer	issuer	NOUN
elp-41271	88	24	or	or	CCONJ
elp-41271	88	25	listed	list	VERB
elp-41271	88	26	company	company	NOUN
elp-41271	88	27	shall	shall	AUX
elp-41271	88	28	bear	bear	VERB
elp-41271	88	29	joint	joint	ADJ
elp-41271	88	30	and	and	CCONJ
elp-41271	88	31	several	several	ADJ
elp-41271	88	32	compensation	compensation	NOUN
elp-41271	88	33	liability	liability	NOUN
elp-41271	88	34	with	with	ADP
elp-41271	88	35	the	the	DET
elp-41271	88	36	issuer	issuer	NOUN
elp-41271	88	37	or	or	CCONJ
elp-41271	88	38	listed	list	VERB
elp-41271	88	39	company	company	NOUN
elp-41271	88	40	,	,	PUNCT
elp-41271	88	41	except	except	SCONJ
elp-41271	88	42	for	for	ADP
elp-41271	88	43	those	those	PRON
elp-41271	88	44	that	that	PRON
elp-41271	88	45	can	can	AUX
elp-41271	88	46	prove	prove	VERB
elp-41271	88	47	that	that	SCONJ
elp-41271	88	48	they	they	PRON
elp-41271	88	49	are	be	AUX
elp-41271	88	50	not	not	PART
elp-41271	88	51	at	at	ADP
elp-41271	88	52	fault	fault	NOUN
elp-41271	88	53	.	.	PUNCT
elp-41271	89	1	thus	thus	ADV
elp-41271	89	2	,	,	PUNCT
elp-41271	89	3	the	the	DET
elp-41271	89	4	kangmei	kangmei	PROPN
elp-41271	89	5	pharmaceutical	pharmaceutical	NOUN
elp-41271	89	6	is	be	AUX
elp-41271	89	7	liable	liable	ADJ
elp-41271	89	8	for	for	ADP
elp-41271	89	9	compensation	compensation	NOUN
elp-41271	89	10	for	for	ADP
elp-41271	89	11	the	the	DET
elp-41271	89	12	losses	loss	NOUN
elp-41271	89	13	suffered	suffer	VERB
elp-41271	89	14	by	by	ADP
elp-41271	89	15	the	the	DET
elp-41271	89	16	investors	investor	NOUN
elp-41271	89	17	involved	involve	VERB
elp-41271	89	18	in	in	ADP
elp-41271	89	19	the	the	DET
elp-41271	89	20	case	case	NOUN
elp-41271	89	21	.	.	PUNCT
elp-41271	90	1	7	7	X
elp-41271	90	2	.	.	X
elp-41271	90	3	conclusion	conclusion	NOUN
elp-41271	90	4	this	this	DET
elp-41271	90	5	article	article	NOUN
elp-41271	90	6	briefly	briefly	ADV
elp-41271	90	7	reviews	review	VERB
elp-41271	90	8	the	the	DET
elp-41271	90	9	history	history	NOUN
elp-41271	90	10	of	of	ADP
elp-41271	90	11	china	china	PROPN
elp-41271	90	12	’s	’s	PART
elp-41271	90	13	securities	security	NOUN
elp-41271	90	14	law	law	NOUN
elp-41271	90	15	legislation	legislation	NOUN
elp-41271	90	16	and	and	CCONJ
elp-41271	90	17	revision	revision	NOUN
elp-41271	90	18	,	,	PUNCT
elp-41271	90	19	and	and	CCONJ
elp-41271	90	20	analyzes	analyze	VERB
elp-41271	90	21	the	the	DET
elp-41271	90	22	reference	reference	NOUN
elp-41271	90	23	of	of	ADP
elp-41271	90	24	china	china	PROPN
elp-41271	90	25	’s	’s	PART
elp-41271	90	26	capital	capital	NOUN
elp-41271	90	27	market	market	NOUN
elp-41271	90	28	regulation	regulation	NOUN
elp-41271	90	29	to	to	ADP
elp-41271	90	30	foreign	foreign	ADJ
elp-41271	90	31	securities	security	NOUN
elp-41271	90	32	markets	market	NOUN
elp-41271	90	33	,	,	PUNCT
elp-41271	90	34	especially	especially	ADV
elp-41271	90	35	the	the	DET
elp-41271	90	36	united	united	PROPN
elp-41271	90	37	states	states	PROPN
elp-41271	90	38	.	.	PUNCT
elp-41271	91	1	in	in	ADP
elp-41271	91	2	response	response	NOUN
elp-41271	91	3	to	to	ADP
elp-41271	91	4	fraudulent	fraudulent	ADJ
elp-41271	91	5	behavior	behavior	NOUN
elp-41271	91	6	in	in	ADP
elp-41271	91	7	the	the	DET
elp-41271	91	8	securities	security	NOUN
elp-41271	91	9	market	market	NOUN
elp-41271	91	10	,	,	PUNCT
elp-41271	91	11	china	china	PROPN
elp-41271	91	12	’s	’s	PART
elp-41271	91	13	securities	security	NOUN
elp-41271	91	14	regulatory	regulatory	ADJ
elp-41271	91	15	mechanism	mechanism	NOUN
elp-41271	91	16	is	be	AUX
elp-41271	91	17	rapidly	rapidly	ADV
elp-41271	91	18	improving	improve	VERB
elp-41271	91	19	,	,	PUNCT
elp-41271	91	20	but	but	CCONJ
elp-41271	91	21	there	there	PRON
elp-41271	91	22	are	be	VERB
elp-41271	91	23	still	still	ADV
elp-41271	91	24	some	some	DET
elp-41271	91	25	problems	problem	NOUN
elp-41271	91	26	in	in	ADP
elp-41271	91	27	this	this	DET
elp-41271	91	28	mixed	mixed	ADJ
elp-41271	91	29	regulative	regulative	ADJ
elp-41271	91	30	system	system	NOUN
elp-41271	91	31	.	.	PUNCT
elp-41271	92	1	strengthening	strengthen	VERB
elp-41271	92	2	ex	ex	PRON
elp-41271	92	3	ante	ante	NOUN
elp-41271	92	4	regulation	regulation	NOUN
elp-41271	92	5	and	and	CCONJ
elp-41271	92	6	establishing	establish	VERB
elp-41271	92	7	a	a	DET
elp-41271	92	8	connected	connected	ADJ
elp-41271	92	9	litigation	litigation	NOUN
elp-41271	92	10	system	system	NOUN
elp-41271	92	11	are	be	AUX
elp-41271	92	12	possible	possible	ADJ
elp-41271	92	13	directions	direction	NOUN
elp-41271	92	14	for	for	ADP
elp-41271	92	15	future	future	NOUN
elp-41271	92	16	.	.	PUNCT
elp-41271	93	1	this	this	DET
elp-41271	93	2	article	article	NOUN
elp-41271	93	3	attempts	attempt	VERB
elp-41271	93	4	to	to	PART
elp-41271	93	5	illustrate	illustrate	VERB
elp-41271	93	6	the	the	DET
elp-41271	93	7	legislative	legislative	ADJ
elp-41271	93	8	and	and	CCONJ
elp-41271	93	9	judicial	judicial	ADJ
elp-41271	93	10	changes	change	NOUN
elp-41271	93	11	in	in	ADP
elp-41271	93	12	recent	recent	ADJ
elp-41271	93	13	years	year	NOUN
elp-41271	93	14	through	through	ADP
elp-41271	93	15	a	a	DET
elp-41271	93	16	framework	framework	NOUN
elp-41271	93	17	review	review	NOUN
elp-41271	93	18	of	of	ADP
elp-41271	93	19	china	china	PROPN
elp-41271	93	20	’s	’s	PART
elp-41271	93	21	securities	security	NOUN
elp-41271	93	22	regulation	regulation	NOUN
elp-41271	93	23	,	,	PUNCT
elp-41271	93	24	and	and	CCONJ
elp-41271	93	25	indicates	indicate	VERB
elp-41271	93	26	that	that	SCONJ
elp-41271	93	27	these	these	DET
elp-41271	93	28	changes	change	NOUN
elp-41271	93	29	will	will	AUX
elp-41271	93	30	have	have	VERB
elp-41271	93	31	a	a	DET
elp-41271	93	32	profound	profound	ADJ
elp-41271	93	33	impact	impact	NOUN
elp-41271	93	34	on	on	ADP
elp-41271	93	35	the	the	DET
elp-41271	93	36	chinese	chinese	ADJ
elp-41271	93	37	capital	capital	NOUN
elp-41271	93	38	market	market	NOUN
elp-41271	93	39	.	.	PUNCT
elp-41271	94	1	references	reference	NOUN
elp-41271	94	2	affiliated	affiliate	VERB
elp-41271	94	3	ute	ute	NOUN
elp-41271	94	4	citizens	citizen	NOUN
elp-41271	94	5	of	of	ADP
elp-41271	94	6	utah	utah	PROPN
elp-41271	94	7	et	et	PROPN
elp-41271	94	8	al	al	PROPN
elp-41271	94	9	.	.	PROPN
elp-41271	95	1	v.	v.	PROPN
elp-41271	95	2	united	united	PROPN
elp-41271	95	3	states	states	PROPN
elp-41271	95	4	et	et	PROPN
elp-41271	95	5	al	al	AUX
elp-41271	95	6	.	.	PROPN
elp-41271	95	7	406	406	NUM
elp-41271	95	8	u.s	u.s	PROPN
elp-41271	95	9	.	.	PROPN
elp-41271	96	1	(	(	PUNCT
elp-41271	96	2	p.	p.	NOUN
elp-41271	96	3	128	128	NUM
elp-41271	96	4	)	)	PUNCT
elp-41271	96	5	.	.	PUNCT
elp-41271	97	1	(	(	PUNCT
elp-41271	97	2	1972	1972	NUM
elp-41271	97	3	)	)	PUNCT
elp-41271	97	4	.	.	PUNCT
elp-41271	98	1	ban	ban	NOUN
elp-41271	98	2	,	,	PUNCT
elp-41271	98	3	a.	a.	NOUN
elp-41271	98	4	(	(	PUNCT
elp-41271	98	5	2017	2017	NUM
elp-41271	98	6	)	)	PUNCT
elp-41271	98	7	.	.	PUNCT
elp-41271	99	1	misrepresentation	misrepresentation	NOUN
elp-41271	99	2	in	in	ADP
elp-41271	99	3	applications	application	NOUN
elp-41271	99	4	for	for	ADP
elp-41271	99	5	insurance	insurance	NOUN
elp-41271	99	6	and	and	CCONJ
elp-41271	99	7	the	the	DET
elp-41271	99	8	pro	pro	ADJ
elp-41271	99	9	rata	rata	ADJ
elp-41271	99	10	clause	clause	NOUN
elp-41271	99	11	in	in	ADP
elp-41271	99	12	german	german	ADJ
elp-41271	99	13	insurance	insurance	NOUN
elp-41271	99	14	contract	contract	NOUN
elp-41271	99	15	law	law	NOUN
elp-41271	99	16	.	.	PUNCT
elp-41271	100	1	journal	journal	PROPN
elp-41271	100	2	of	of	ADP
elp-41271	100	3	insurance	insurance	NOUN
elp-41271	100	4	science	science	NOUN
elp-41271	100	5	.	.	PUNCT
elp-41271	101	1	https://doi.org/10.5609/jsis.2017.637_53	https://doi.org/10.5609/jsis.2017.637_53	PROPN
elp-41271	101	2	blackie	blackie	NOUN
elp-41271	101	3	v.	v.	PROPN
elp-41271	101	4	barack	barack	PROPN
elp-41271	101	5	,	,	PUNCT
elp-41271	101	6	524f.2d891	524f.2d891	NUM
elp-41271	101	7	.	.	PUNCT
elp-41271	102	1	(	(	PUNCT
elp-41271	102	2	1975	1975	NUM
elp-41271	102	3	)	)	PUNCT
elp-41271	102	4	.	.	PUNCT
elp-41271	103	1	cox	cox	PROPN
elp-41271	103	2	,	,	PUNCT
elp-41271	103	3	j.	j.	PROPN
elp-41271	103	4	d.	d.	PROPN
elp-41271	103	5	(	(	PUNCT
elp-41271	103	6	1997	1997	NUM
elp-41271	103	7	)	)	PUNCT
elp-41271	103	8	.	.	PUNCT
elp-41271	104	1	making	make	VERB
elp-41271	104	2	securities	security	NOUN
elp-41271	104	3	fraud	fraud	NOUN
elp-41271	104	4	class	class	NOUN
elp-41271	104	5	actions	action	NOUN
elp-41271	104	6	virtuous	virtuous	ADJ
elp-41271	104	7	.	.	PUNCT
elp-41271	105	1	the	the	DET
elp-41271	105	2	arizona	arizona	PROPN
elp-41271	105	3	law	law	PROPN
elp-41271	105	4	review	review	PROPN
elp-41271	105	5	,	,	PUNCT
elp-41271	105	6	39	39	NUM
elp-41271	105	7	,	,	PUNCT
elp-41271	105	8	497	497	NUM
elp-41271	105	9	.	.	PUNCT
elp-41271	106	1	ernst	ernst	PROPN
elp-41271	106	2	,	,	PUNCT
elp-41271	106	3	e.	e.	PROPN
elp-41271	106	4	g.	g.	PROPN
elp-41271	106	5	(	(	PUNCT
elp-41271	106	6	1943	1943	NUM
elp-41271	106	7	)	)	PUNCT
elp-41271	106	8	.	.	PUNCT
elp-41271	107	1	misrepresentation	misrepresentation	NOUN
elp-41271	107	2	.	.	PUNCT
elp-41271	108	1	british	british	ADJ
elp-41271	108	2	medical	medical	PROPN
elp-41271	108	3	journal	journal	PROPN
elp-41271	108	4	,	,	PUNCT
elp-41271	108	5	2	2	NUM
elp-41271	108	6	,	,	PUNCT
elp-41271	108	7	549	549	NUM
elp-41271	108	8	-	-	SYM
elp-41271	108	9	550	550	NUM
elp-41271	108	10	.	.	PUNCT
elp-41271	109	1	https://doi.org/10.1136/bmj.2.4321.549	https://doi.org/10.1136/bmj.2.4321.549	PROPN
elp-41271	109	2	fan	fan	PROPN
elp-41271	109	3	,	,	PUNCT
elp-41271	109	4	j.	j.	PROPN
elp-41271	109	5	(	(	PUNCT
elp-41271	109	6	2016	2016	NUM
elp-41271	109	7	)	)	PUNCT
elp-41271	109	8	.	.	PUNCT
elp-41271	110	1	new	new	ADJ
elp-41271	110	2	issues	issue	NOUN
elp-41271	110	3	of	of	ADP
elp-41271	110	4	causality	causality	NOUN
elp-41271	110	5	on	on	ADP
elp-41271	110	6	misrepresentation	misrepresentation	NOUN
elp-41271	110	7	transactions	transaction	NOUN
elp-41271	110	8	in	in	ADP
elp-41271	110	9	china	china	PROPN
elp-41271	110	10	’s	’s	PART
elp-41271	110	11	securities	security	NOUN
elp-41271	110	12	market	market	NOUN
elp-41271	110	13	.	.	PUNCT
elp-41271	111	1	peking	peking	PROPN
elp-41271	111	2	university	university	PROPN
elp-41271	111	3	law	law	NOUN
elp-41271	111	4	journal	journal	NOUN
elp-41271	111	5	,	,	PUNCT
elp-41271	111	6	06	06	NUM
elp-41271	111	7	,	,	PUNCT
elp-41271	111	8	1495	1495	NUM
elp-41271	111	9	-	-	SYM
elp-41271	111	10	1511	1511	NUM
elp-41271	111	11	.	.	PUNCT
elp-41271	112	1	fang	fang	PROPN
elp-41271	112	2	,	,	PUNCT
elp-41271	112	3	f.	f.	PROPN
elp-41271	112	4	,	,	PUNCT
elp-41271	112	5	tian	tian	PROPN
elp-41271	112	6	,	,	PUNCT
elp-41271	112	7	w.	w.	PROPN
elp-41271	112	8	,	,	PUNCT
elp-41271	112	9	&	&	CCONJ
elp-41271	112	10	yanfei	yanfei	PROPN
elp-41271	112	11	,	,	PUNCT
elp-41271	112	12	z.	z.	PROPN
elp-41271	112	13	(	(	PUNCT
elp-41271	112	14	2022	2022	NUM
elp-41271	112	15	)	)	PUNCT
elp-41271	112	16	.	.	PUNCT
elp-41271	113	1	test	test	NOUN
elp-41271	113	2	on	on	ADP
elp-41271	113	3	the	the	DET
elp-41271	113	4	law	law	NOUN
elp-41271	113	5	protection	protection	NOUN
elp-41271	113	6	of	of	ADP
elp-41271	113	7	minority	minority	NOUN
elp-41271	113	8	investors	investor	NOUN
elp-41271	113	9	in	in	ADP
elp-41271	113	10	china	china	PROPN
elp-41271	113	11	:	:	PUNCT
elp-41271	113	12	perspective	perspective	NOUN
elp-41271	113	13	of	of	ADP
elp-41271	113	14	misrepresentation	misrepresentation	NOUN
elp-41271	113	15	in	in	ADP
elp-41271	113	16	securities	security	NOUN
elp-41271	113	17	market	market	NOUN
elp-41271	113	18	.	.	PUNCT
elp-41271	114	1	managerial	managerial	ADJ
elp-41271	114	2	and	and	CCONJ
elp-41271	114	3	decision	decision	NOUN
elp-41271	114	4	economics	economic	NOUN
elp-41271	114	5	.	.	PUNCT
elp-41271	115	1	https://doi.org/10.1002/mde.3772	https://doi.org/10.1002/mde.3772	PROPN
elp-41271	115	2	https://doi.org/10.5609/jsis.2017.637_53	https://doi.org/10.5609/jsis.2017.637_53	PROPN
elp-41271	115	3	https://doi.org/10.1136/bmj.2.4321.549	https://doi.org/10.1136/bmj.2.4321.549	AUX
elp-41271	115	4	https://doi.org/10.1002/mde.3772	https://doi.org/10.1002/mde.3772	PROPN
elp-41271	115	5	www.scholink.org/ojs/index.php/elp	www.scholink.org/ojs/index.php/elp	VERB
elp-41271	115	6	economics	economic	NOUN
elp-41271	115	7	,	,	PUNCT
elp-41271	115	8	law	law	NOUN
elp-41271	115	9	and	and	CCONJ
elp-41271	115	10	policy	policy	NOUN
elp-41271	115	11	vol	vol	NOUN
elp-41271	115	12	.	.	PUNCT
elp-41271	116	1	7	7	NUM
elp-41271	116	2	,	,	PUNCT
elp-41271	116	3	no	no	INTJ
elp-41271	116	4	.	.	NOUN
elp-41271	116	5	1	1	NUM
elp-41271	116	6	,	,	PUNCT
elp-41271	116	7	2024	2024	NUM
elp-41271	116	8	published	publish	VERB
elp-41271	116	9	by	by	ADP
elp-41271	116	10	scholink	scholink	PROPN
elp-41271	116	11	inc	inc	PROPN
elp-41271	116	12	.	.	PROPN
elp-41271	116	13	172	172	NUM
elp-41271	116	14	fox	fox	PROPN
elp-41271	116	15	,	,	PUNCT
elp-41271	116	16	m.	m.	PROPN
elp-41271	116	17	b.	b.	PROPN
elp-41271	116	18	(	(	PUNCT
elp-41271	116	19	2009	2009	NUM
elp-41271	116	20	)	)	PUNCT
elp-41271	116	21	.	.	PUNCT
elp-41271	117	1	why	why	SCONJ
elp-41271	117	2	civil	civil	ADJ
elp-41271	117	3	liability	liability	NOUN
elp-41271	117	4	for	for	ADP
elp-41271	117	5	disclosure	disclosure	NOUN
elp-41271	117	6	violations	violation	NOUN
elp-41271	117	7	when	when	SCONJ
elp-41271	117	8	issuers	issuer	NOUN
elp-41271	117	9	do	do	AUX
elp-41271	117	10	not	not	PART
elp-41271	117	11	trade	trade	VERB
elp-41271	117	12	.	.	PUNCT
elp-41271	118	1	wisconsin	wisconsin	PROPN
elp-41271	118	2	law	law	PROPN
elp-41271	118	3	review	review	PROPN
elp-41271	118	4	.	.	PUNCT
elp-41271	119	1	gao	gao	PROPN
elp-41271	119	2	,	,	PUNCT
elp-41271	119	3	s.	s.	PROPN
elp-41271	119	4	,	,	PUNCT
elp-41271	119	5	&	&	CCONJ
elp-41271	119	6	wang	wang	PROPN
elp-41271	119	7	,	,	PUNCT
elp-41271	119	8	q.	q.	PROPN
elp-41271	119	9	(	(	PUNCT
elp-41271	119	10	2016	2016	NUM
elp-41271	119	11	)	)	PUNCT
elp-41271	119	12	.	.	PUNCT
elp-41271	120	1	the	the	DET
elp-41271	120	2	u.s	u.s	PROPN
elp-41271	120	3	.	.	PROPN
elp-41271	120	4	reorganization	reorganization	NOUN
elp-41271	120	5	regime	regime	NOUN
elp-41271	120	6	in	in	ADP
elp-41271	120	7	the	the	DET
elp-41271	120	8	chinese	chinese	ADJ
elp-41271	120	9	mirror	mirror	NOUN
elp-41271	120	10	:	:	PUNCT
elp-41271	120	11	legal	legal	ADJ
elp-41271	120	12	transplantation	transplantation	NOUN
elp-41271	120	13	and	and	CCONJ
elp-41271	120	14	obstructed	obstruct	VERB
elp-41271	120	15	efficiency	efficiency	NOUN
elp-41271	120	16	.	.	PUNCT
elp-41271	121	1	guo	guo	PROPN
elp-41271	121	2	,	,	PUNCT
elp-41271	121	3	f.	f.	PROPN
elp-41271	121	4	(	(	PUNCT
elp-41271	121	5	2003	2003	NUM
elp-41271	121	6	)	)	PUNCT
elp-41271	121	7	.	.	PUNCT
elp-41271	122	1	the	the	DET
elp-41271	122	2	recognition	recognition	NOUN
elp-41271	122	3	and	and	CCONJ
elp-41271	122	4	compensation	compensation	NOUN
elp-41271	122	5	of	of	ADP
elp-41271	122	6	misrepresentation	misrepresentation	NOUN
elp-41271	122	7	tort	tort	NOUN
elp-41271	122	8	.	.	PUNCT
elp-41271	123	1	china	china	PROPN
elp-41271	123	2	legal	legal	ADJ
elp-41271	123	3	science	science	NOUN
elp-41271	123	4	,	,	PUNCT
elp-41271	123	5	02	02	NUM
elp-41271	123	6	,	,	PUNCT
elp-41271	123	7	95	95	NUM
elp-41271	123	8	-	-	SYM
elp-41271	123	9	99	99	NUM
elp-41271	123	10	.	.	PUNCT
elp-41271	124	1	halliburton	halliburton	PROPN
elp-41271	124	2	co.	co.	PROPN
elp-41271	125	1	v.	v.	ADP
elp-41271	125	2	erica	erica	PROPN
elp-41271	125	3	p.	p.	PROPN
elp-41271	125	4	john	john	PROPN
elp-41271	125	5	fund	fund	PROPN
elp-41271	125	6	,	,	PUNCT
elp-41271	125	7	inc	inc	PROPN
elp-41271	125	8	.	.	PROPN
elp-41271	125	9	,	,	PUNCT
elp-41271	125	10	134	134	NUM
elp-41271	125	11	s.	s.	PROPN
elp-41271	125	12	ct	ct	PROPN
elp-41271	125	13	.	.	PROPN
elp-41271	125	14	2398	2398	NUM
elp-41271	125	15	.	.	PUNCT
elp-41271	126	1	(	(	PUNCT
elp-41271	126	2	2014	2014	NUM
elp-41271	126	3	)	)	PUNCT
elp-41271	126	4	.	.	PUNCT
elp-41271	127	1	hu	hu	PROPN
elp-41271	127	2	,	,	PUNCT
elp-41271	127	3	h.	h.	PROPN
elp-41271	127	4	(	(	PUNCT
elp-41271	127	5	2016	2016	NUM
elp-41271	127	6	)	)	PUNCT
elp-41271	127	7	.	.	PUNCT
elp-41271	128	1	misrepresentation	misrepresentation	NOUN
elp-41271	128	2	,	,	PUNCT
elp-41271	128	3	involuntary	involuntary	ADJ
elp-41271	128	4	delisting	delisting	NOUN
elp-41271	128	5	and	and	CCONJ
elp-41271	128	6	investor	investor	NOUN
elp-41271	128	7	protection	protection	NOUN
elp-41271	128	8	—	—	PUNCT
elp-41271	128	9	the	the	DET
elp-41271	128	10	dilemma	dilemma	NOUN
elp-41271	128	11	of	of	ADP
elp-41271	128	12	dislocated	dislocated	ADJ
elp-41271	128	13	regulation	regulation	NOUN
elp-41271	128	14	on	on	ADP
elp-41271	128	15	chinese	chinese	ADJ
elp-41271	128	16	securities	security	NOUN
elp-41271	128	17	market	market	NOUN
elp-41271	128	18	.	.	PUNCT
elp-41271	129	1	chinese	chinese	ADJ
elp-41271	129	2	law	law	PROPN
elp-41271	129	3	journal	journal	PROPN
elp-41271	129	4	.	.	PUNCT
elp-41271	130	1	https://doi.org/10.2139/ssrn.3007037	https://doi.org/10.2139/ssrn.3007037	ADJ
elp-41271	130	2	jeong	jeong	PROPN
elp-41271	130	3	,	,	PUNCT
elp-41271	130	4	s.	s.	PROPN
elp-41271	130	5	(	(	PUNCT
elp-41271	130	6	2015	2015	NUM
elp-41271	130	7	)	)	PUNCT
elp-41271	130	8	.	.	PUNCT
elp-41271	131	1	a	a	DET
elp-41271	131	2	study	study	NOUN
elp-41271	131	3	on	on	ADP
elp-41271	131	4	misrepresentation	misrepresentation	NOUN
elp-41271	131	5	in	in	ADP
elp-41271	131	6	the	the	DET
elp-41271	131	7	anglo	anglo	ADJ
elp-41271	131	8	-	-	PUNCT
elp-41271	131	9	american	american	ADJ
elp-41271	131	10	contract	contract	NOUN
elp-41271	131	11	law	law	NOUN
elp-41271	131	12	:	:	PUNCT
elp-41271	131	13	comparison	comparison	NOUN
elp-41271	131	14	with	with	ADP
elp-41271	131	15	our	our	PRON
elp-41271	131	16	legal	legal	ADJ
elp-41271	131	17	system	system	NOUN
elp-41271	131	18	and	and	CCONJ
elp-41271	131	19	implications	implication	NOUN
elp-41271	131	20	for	for	ADP
elp-41271	131	21	us	we	PRON
elp-41271	131	22	.	.	PUNCT
elp-41271	132	1	karpoff	karpoff	PROPN
elp-41271	132	2	,	,	PUNCT
elp-41271	132	3	j.	j.	PROPN
elp-41271	132	4	m.	m.	PROPN
elp-41271	132	5	,	,	PUNCT
elp-41271	132	6	lee	lee	PROPN
elp-41271	132	7	,	,	PUNCT
elp-41271	132	8	d.	d.	PROPN
elp-41271	132	9	s.	s.	PROPN
elp-41271	132	10	,	,	PUNCT
elp-41271	132	11	&	&	CCONJ
elp-41271	132	12	martin	martin	PROPN
elp-41271	132	13	,	,	PUNCT
elp-41271	132	14	g.	g.	PROPN
elp-41271	132	15	s.	s.	PROPN
elp-41271	132	16	(	(	PUNCT
elp-41271	132	17	2007	2007	NUM
elp-41271	132	18	)	)	PUNCT
elp-41271	132	19	.	.	PUNCT
elp-41271	133	1	the	the	DET
elp-41271	133	2	legal	legal	ADJ
elp-41271	133	3	penalties	penalty	NOUN
elp-41271	133	4	for	for	ADP
elp-41271	133	5	financial	financial	ADJ
elp-41271	133	6	misrepresentation	misrepresentation	NOUN
elp-41271	133	7	.	.	PUNCT
elp-41271	134	1	torts	torts	PROPN
elp-41271	134	2	&	&	CCONJ
elp-41271	134	3	products	products	PROPN
elp-41271	134	4	liability	liability	NOUN
elp-41271	134	5	law	law	NOUN
elp-41271	134	6	ejournal	ejournal	NOUN
elp-41271	134	7	.	.	PUNCT
elp-41271	135	1	https://doi.org/10.2139/ssrn.933333	https://doi.org/10.2139/ssrn.933333	PROPN
elp-41271	135	2	langevoort	langevoort	PROPN
elp-41271	135	3	,	,	PUNCT
elp-41271	135	4	d.	d.	PROPN
elp-41271	135	5	c.	c.	PROPN
elp-41271	135	6	(	(	PUNCT
elp-41271	135	7	2007	2007	NUM
elp-41271	135	8	)	)	PUNCT
elp-41271	135	9	.	.	PUNCT
elp-41271	136	1	basic	basic	ADJ
elp-41271	136	2	at	at	ADP
elp-41271	136	3	twenty	twenty	NUM
elp-41271	136	4	:	:	PUNCT
elp-41271	136	5	rethinking	rethink	VERB
elp-41271	136	6	fraud	fraud	NOUN
elp-41271	136	7	-	-	PUNCT
elp-41271	136	8	on	on	ADP
elp-41271	136	9	-	-	PUNCT
elp-41271	136	10	the	the	DET
elp-41271	136	11	-	-	PUNCT
elp-41271	136	12	market	market	NOUN
elp-41271	136	13	.	.	PUNCT
elp-41271	137	1	corporate	corporate	ADJ
elp-41271	137	2	law	law	NOUN
elp-41271	137	3	:	:	PUNCT
elp-41271	137	4	securities	security	NOUN
elp-41271	137	5	law	law	NOUN
elp-41271	137	6	.	.	PUNCT
elp-41271	138	1	https://doi.org/10.2139/ssrn.1026316	https://doi.org/10.2139/ssrn.1026316	PROPN
elp-41271	138	2	li	li	PROPN
elp-41271	138	3	,	,	PUNCT
elp-41271	138	4	g.	g.	PROPN
elp-41271	138	5	g.	g.	PROPN
elp-41271	138	6	(	(	PUNCT
elp-41271	138	7	2015	2015	NUM
elp-41271	138	8	)	)	PUNCT
elp-41271	138	9	.	.	PUNCT
elp-41271	139	1	understanding	understanding	NOUN
elp-41271	139	2	and	and	CCONJ
elp-41271	139	3	application	application	NOUN
elp-41271	139	4	of	of	ADP
elp-41271	139	5	the	the	DET
elp-41271	139	6	judicial	judicial	ADJ
elp-41271	139	7	interpretation	interpretation	NOUN
elp-41271	139	8	of	of	ADP
elp-41271	139	9	the	the	DET
elp-41271	139	10	supreme	supreme	PROPN
elp-41271	139	11	people	people	PROPN
elp-41271	139	12	’s	’s	PART
elp-41271	139	13	court	court	NOUN
elp-41271	139	14	on	on	ADP
elp-41271	139	15	the	the	DET
elp-41271	139	16	trial	trial	NOUN
elp-41271	139	17	of	of	ADP
elp-41271	139	18	cases	case	NOUN
elp-41271	139	19	of	of	ADP
elp-41271	139	20	misrepresentation	misrepresentation	NOUN
elp-41271	139	21	in	in	ADP
elp-41271	139	22	the	the	DET
elp-41271	139	23	securities	security	NOUN
elp-41271	139	24	market	market	NOUN
elp-41271	139	25	(	(	PUNCT
elp-41271	139	26	p.	p.	NOUN
elp-41271	139	27	250	250	NUM
elp-41271	139	28	)	)	PUNCT
elp-41271	139	29	.	.	PUNCT
elp-41271	140	1	the	the	DET
elp-41271	140	2	people	people	NOUN
elp-41271	140	3	’s	’s	PART
elp-41271	140	4	court	court	NOUN
elp-41271	140	5	press	press	NOUN
elp-41271	140	6	.	.	PUNCT
elp-41271	141	1	lin	lin	PROPN
elp-41271	141	2	,	,	PUNCT
elp-41271	141	3	w.	w.	PROPN
elp-41271	141	4	w.	w.	PROPN
elp-41271	141	5	,	,	PUNCT
elp-41271	141	6	fu	fu	PROPN
elp-41271	141	7	,	,	PUNCT
elp-41271	141	8	j.	j.	PROPN
elp-41271	141	9	l.	l.	PROPN
elp-41271	141	10	,	,	PUNCT
elp-41271	141	11	&	&	CCONJ
elp-41271	141	12	zhou	zhou	PROPN
elp-41271	141	13	,	,	PUNCT
elp-41271	141	14	l.	l.	PROPN
elp-41271	141	15	j.	j.	PROPN
elp-41271	141	16	(	(	PUNCT
elp-41271	141	17	2022	2022	NUM
elp-41271	141	18	)	)	PUNCT
elp-41271	141	19	.	.	PUNCT
elp-41271	142	1	the	the	DET
elp-41271	142	2	understanding	understanding	NOUN
elp-41271	142	3	and	and	CCONJ
elp-41271	142	4	application	application	NOUN
elp-41271	142	5	of	of	ADP
elp-41271	142	6	several	several	ADJ
elp-41271	142	7	provisions	provision	NOUN
elp-41271	142	8	on	on	ADP
elp-41271	142	9	the	the	DET
elp-41271	142	10	trial	trial	NOUN
elp-41271	142	11	of	of	ADP
elp-41271	142	12	civil	civil	ADJ
elp-41271	142	13	compensation	compensation	NOUN
elp-41271	142	14	cases	case	NOUN
elp-41271	142	15	for	for	ADP
elp-41271	142	16	misrepresentation	misrepresentation	NOUN
elp-41271	142	17	in	in	ADP
elp-41271	142	18	the	the	DET
elp-41271	142	19	securities	security	NOUN
elp-41271	142	20	market	market	NOUN
elp-41271	142	21	.	.	PUNCT
elp-41271	143	1	people	people	NOUN
elp-41271	143	2	’s	’s	PART
elp-41271	143	3	judicature	judicature	NOUN
elp-41271	143	4	,	,	PUNCT
elp-41271	143	5	07	07	NUM
elp-41271	143	6	,	,	PUNCT
elp-41271	143	7	43	43	NUM
elp-41271	143	8	-	-	SYM
elp-41271	143	9	50	50	NUM
elp-41271	143	10	.	.	PUNCT
elp-41271	144	1	purshouse	purshouse	PROPN
elp-41271	144	2	,	,	PUNCT
elp-41271	144	3	c.	c.	PROPN
elp-41271	144	4	(	(	PUNCT
elp-41271	144	5	2018	2018	NUM
elp-41271	144	6	)	)	PUNCT
elp-41271	144	7	.	.	PUNCT
elp-41271	145	1	hedley	hedley	PROPN
elp-41271	145	2	byrne	byrne	PROPN
elp-41271	145	3	&	&	CCONJ
elp-41271	145	4	co	co	PROPN
elp-41271	145	5	ltd	ltd	PROPN
elp-41271	145	6	v	v	PROPN
elp-41271	145	7	heller	heller	PROPN
elp-41271	145	8	&	&	CCONJ
elp-41271	145	9	partners	partners	PROPN
elp-41271	145	10	ltd	ltd	PROPN
elp-41271	146	1	[	[	X
elp-41271	146	2	1964	1964	NUM
elp-41271	146	3	]	]	PUNCT
elp-41271	146	4	ac	ac	PROPN
elp-41271	146	5	465	465	NUM
elp-41271	146	6	.	.	PUNCT
elp-41271	147	1	essential	essential	ADJ
elp-41271	147	2	cases	case	NOUN
elp-41271	147	3	:	:	PUNCT
elp-41271	147	4	tort	tort	NOUN
elp-41271	147	5	law	law	NOUN
elp-41271	147	6	.	.	PUNCT
elp-41271	148	1	one	one	NUM
elp-41271	148	2	of	of	ADP
elp-41271	148	3	the	the	DET
elp-41271	148	4	major	major	ADJ
elp-41271	148	5	outcomes	outcome	NOUN
elp-41271	148	6	of	of	ADP
elp-41271	148	7	this	this	DET
elp-41271	148	8	case	case	NOUN
elp-41271	148	9	was	be	AUX
elp-41271	148	10	the	the	DET
elp-41271	148	11	enactment	enactment	NOUN
elp-41271	148	12	of	of	ADP
elp-41271	148	13	the	the	DET
elp-41271	148	14	misrepresentation	misrepresentation	NOUN
elp-41271	148	15	act	act	NOUN
elp-41271	148	16	1967	1967	NUM
elp-41271	148	17	in	in	ADP
elp-41271	148	18	the	the	DET
elp-41271	148	19	uk	uk	PROPN
elp-41271	148	20	.	.	PROPN
elp-41271	148	21	https://doi.org/10.1093/he/9780191866128.003.0016	https://doi.org/10.1093/he/9780191866128.003.0016	PROPN
elp-41271	148	22	shi	shi	PROPN
elp-41271	148	23	,	,	PUNCT
elp-41271	148	24	t.	t.	PROPN
elp-41271	148	25	t.	t.	PROPN
elp-41271	148	26	,	,	PUNCT
elp-41271	148	27	&	&	CCONJ
elp-41271	148	28	zhou	zhou	PROPN
elp-41271	148	29	,	,	PUNCT
elp-41271	148	30	l.	l.	PROPN
elp-41271	148	31	j.	j.	PROPN
elp-41271	148	32	(	(	PUNCT
elp-41271	148	33	2015	2015	NUM
elp-41271	148	34	)	)	PUNCT
elp-41271	148	35	.	.	PUNCT
elp-41271	149	1	classic	classic	ADJ
elp-41271	149	2	cases	case	NOUN
elp-41271	149	3	of	of	ADP
elp-41271	149	4	u.s	u.s	PROPN
elp-41271	149	5	.	.	PROPN
elp-41271	149	6	securities	security	NOUN
elp-41271	149	7	fraud	fraud	PROPN
elp-41271	149	8	:	:	PUNCT
elp-41271	149	9	insider	insider	NOUN
elp-41271	149	10	trading	trading	NOUN
elp-41271	149	11	and	and	CCONJ
elp-41271	149	12	misrepresentation	misrepresentation	NOUN
elp-41271	149	13	(	(	PUNCT
elp-41271	149	14	p.	p.	NOUN
elp-41271	149	15	217	217	NUM
elp-41271	149	16	)	)	PUNCT
elp-41271	149	17	.	.	PUNCT
elp-41271	150	1	law	law	NOUN
elp-41271	150	2	press	press	PROPN
elp-41271	150	3	china	china	PROPN
elp-41271	150	4	.	.	PUNCT
elp-41271	150	5	tang	tang	PROPN
elp-41271	150	6	,	,	PUNCT
elp-41271	150	7	x.	x.	NOUN
elp-41271	150	8	(	(	PUNCT
elp-41271	150	9	2019	2019	NUM
elp-41271	150	10	)	)	PUNCT
elp-41271	150	11	.	.	PUNCT
elp-41271	151	1	establishing	establish	VERB
elp-41271	151	2	a	a	DET
elp-41271	151	3	chinese	chinese	ADJ
elp-41271	151	4	style	style	NOUN
elp-41271	151	5	securities	security	NOUN
elp-41271	151	6	class	class	NOUN
elp-41271	151	7	action	action	NOUN
elp-41271	151	8	system	system	NOUN
elp-41271	151	9	.	.	PUNCT
elp-41271	152	1	china	china	PROPN
elp-41271	152	2	finance	finance	PROPN
elp-41271	152	3	,	,	PUNCT
elp-41271	152	4	23	23	NUM
elp-41271	152	5	,	,	PUNCT
elp-41271	152	6	58	58	NUM
elp-41271	152	7	-	-	SYM
elp-41271	152	8	59	59	NUM
elp-41271	152	9	.	.	PUNCT
elp-41271	152	10	tang	tang	PROPN
elp-41271	152	11	,	,	PUNCT
elp-41271	152	12	x.	x.	PROPN
elp-41271	152	13	,	,	PUNCT
elp-41271	152	14	&	&	CCONJ
elp-41271	152	15	li	li	PROPN
elp-41271	152	16	,	,	PUNCT
elp-41271	152	17	z.	z.	PROPN
elp-41271	152	18	z.	z.	PROPN
elp-41271	152	19	(	(	PUNCT
elp-41271	152	20	2022	2022	NUM
elp-41271	152	21	)	)	PUNCT
elp-41271	152	22	.	.	PUNCT
elp-41271	153	1	review	review	NOUN
elp-41271	153	2	of	of	ADP
elp-41271	153	3	the	the	DET
elp-41271	153	4	newly	newly	ADV
elp-41271	153	5	revised	revise	VERB
elp-41271	153	6	judicial	judicial	ADJ
elp-41271	153	7	interpretation	interpretation	NOUN
elp-41271	153	8	of	of	ADP
elp-41271	153	9	civil	civil	ADJ
elp-41271	153	10	compensation	compensation	NOUN
elp-41271	153	11	for	for	ADP
elp-41271	153	12	misrepresentation	misrepresentation	NOUN
elp-41271	153	13	.	.	PUNCT
elp-41271	154	1	journal	journal	NOUN
elp-41271	154	2	of	of	ADP
elp-41271	154	3	law	law	NOUN
elp-41271	154	4	application	application	NOUN
elp-41271	154	5	,	,	PUNCT
elp-41271	154	6	03	03	NUM
elp-41271	154	7	,	,	PUNCT
elp-41271	154	8	61	61	NUM
elp-41271	154	9	-	-	SYM
elp-41271	154	10	72	72	NUM
elp-41271	154	11	.	.	PUNCT
elp-41271	155	1	traditional	traditional	ADJ
elp-41271	155	2	chinese	chinese	ADJ
elp-41271	155	3	proverb	proverb	NOUN
elp-41271	155	4	.	.	PUNCT
elp-41271	156	1	(	(	PUNCT
elp-41271	156	2	n.d	n.d	PROPN
elp-41271	156	3	.	.	PROPN
elp-41271	156	4	)	)	PUNCT
elp-41271	156	5	.	.	PUNCT
elp-41271	157	1	use	use	VERB
elp-41271	157	2	stones	stone	NOUN
elp-41271	157	3	from	from	ADP
elp-41271	157	4	another	another	DET
elp-41271	157	5	mountain	mountain	NOUN
elp-41271	157	6	to	to	PART
elp-41271	157	7	polish	polish	VERB
elp-41271	157	8	one	one	NUM
elp-41271	157	9	’s	’s	PART
elp-41271	157	10	jade	jade	NOUN
elp-41271	157	11	.	.	PUNCT
elp-41271	158	1	xu	xu	PROPN
elp-41271	158	2	,	,	PUNCT
elp-41271	158	3	y.	y.	PROPN
elp-41271	158	4	w.	w.	PROPN
elp-41271	158	5	(	(	PUNCT
elp-41271	158	6	2020	2020	NUM
elp-41271	158	7	)	)	PUNCT
elp-41271	158	8	.	.	PUNCT
elp-41271	159	1	on	on	ADP
elp-41271	159	2	the	the	DET
elp-41271	159	3	improvement	improvement	NOUN
elp-41271	159	4	of	of	ADP
elp-41271	159	5	bond	bond	NOUN
elp-41271	159	6	class	class	NOUN
elp-41271	159	7	action	action	NOUN
elp-41271	159	8	system	system	NOUN
elp-41271	159	9	in	in	ADP
elp-41271	159	10	the	the	DET
elp-41271	159	11	new	new	ADJ
elp-41271	159	12	securities	security	NOUN
elp-41271	159	13	law	law	NOUN
elp-41271	159	14	.	.	PUNCT
elp-41271	160	1	review	review	NOUN
elp-41271	160	2	on	on	ADP
elp-41271	160	3	law	law	NOUN
elp-41271	160	4	and	and	CCONJ
elp-41271	160	5	finance	finance	NOUN
elp-41271	160	6	,	,	PUNCT
elp-41271	160	7	61	61	NUM
elp-41271	160	8	-	-	SYM
elp-41271	160	9	73	73	NUM
elp-41271	160	10	.	.	PUNCT
elp-41271	161	1	https://doi.org/10.2139/ssrn.3007037	https://doi.org/10.2139/ssrn.3007037	ADJ
elp-41271	161	2	https://doi.org/10.2139/ssrn.933333	https://doi.org/10.2139/ssrn.933333	NOUN
elp-41271	161	3	https://doi.org/10.2139/ssrn.1026316	https://doi.org/10.2139/ssrn.1026316	PROPN
elp-41271	161	4	https://doi.org/10.1093/he/9780191866128.003.0016	https://doi.org/10.1093/he/9780191866128.003.0016	NOUN