摘要
保荐制度的推行是发行市场的重大变革,它为发行制度从现行的核准制转变为以市场主体选择为主的注册制奠定了基础,对中国证券市场各方面产生深远的、长期的影响。但任何制度一开始不可能非常完善,现行保荐制度也不例外,还存在很多问题,成为中小企业发行上市的瓶颈。文章从保荐制度的背景及主要内容入手,分析了现行保荐制度存在的缺陷,在此基础上提出了改进现行保荐制度的一些政策建议。
Implementing the sponsor system is a significant transformation in primary market, which establishes the foundation for the issuance system shifting from chartered into registration it emphasizes market participants selection, and exerts a deep and long-term influence on our securities market. However, any system might not be perfect at its commence, neither does the sponsor system, which still exists a lot of problems and has a bottleneck for small and medium-sized enterprises＇ IPO. This paper proceeds with the background and body content of the sponsor system, analyses its drawbacks and on this case proposes some policy suggestion for improving the existing sponsor system
出处
《华东经济管理》
2005年第10期128-131,共4页
East China Economic Management
关键词
保荐制度
保荐机构
保荐代表人
发行审核制度
sponsor system
sponsor institution
sponsor deputy
issuance auditing system
