Combining Hubei “environmental pollution first document”,the article discusses the recognizing and consummation of environment supervising and managing dereliction of duty crime.

The first environmental administration breach case displays many problems in the process of national legal construction, among which are ambiguity of administrative duties, defects existing in supervision mechanism, disordered environmental protection market, unscientific environmental damage assessment system, etc.

But in rural areas,township enterprises and the government\'s interests led to failure of the environmental supervision.

Political system,statutory rule and social custom,which influence and restrict the development of stock market,constitute property environment,regulation environment,credit environment stock market.

This paper studies on the relationship between the material nonpublic information leakage of Chinese listed companies and the external regulation environment and the internal features of their shares.