现行《证券法》围绕证券上市、持续信息披露、再融资与并购重组、投资者保护等重点环节,对与上市公司相关的法律制度做了全面系统的规定,在实践中发挥了应有作用。但也应当看到,2005年修改的《证券法》实施以来,我国经济社会环境和资本市场格局发生了显著变化,上市公司的规范运作和 The current Securities Law has comprehensively and systematically stipulated the legal system related to listed companies around the securities listing, continuous information disclosure, refinancing and mergers and acquisitions and protection of investors, and has played its due role in practice. However, it should also be noted that since the implementation of the Securities Law amended in 2005, the economic and social environment and the capital market in China have undergone significant changes. The normative operation of listed companies and