虚假陈述是指单位或个人对证券发行、交易及相关活动的事实、性质、前景、法律事项作出不实、严重误导或包含有重大遗漏的任何形式的陈述,致使投资者在不了解事实真相的情况下作出投资决定。本文试就虚假陈述行为的重大性标准的确立以及民事赔偿因果关系的确定作一番简单的讨论。 False statements refer to the fact that any entity, person or entity misrepresents the facts, nature, prospects and legal issues of securities issuance, trading and related activities or is misleading or contains any material omission. As a result, investors are not aware of the truth In the case of making investment decisions. This article tries to make some simple discussions on the establishment of the materiality standard of false statements and the determination of the causality of civil compensation.