论文部分内容阅读
新股发行体制改革一定程度上解决了中国资本市场的制度痼疾。但是在解决制度痼疾的背后,也还有一些改革不充分的地方有待进一步突破十八届三中全会《中共中央关于全面深化改革若干重大问题的决定》(以下简称《决定》)将市场资源配置从基础性作用提升到决定性作用,在资本市场改革的思路上也表现出了明确的市场化倾向。证监会《关于进一步推进新股发行体制改革的意见》(以下简称《意见》)也沿袭了三中全会《决定》的思路,以市场机制的发挥为核心,从证监会的角色定位到监管方式都
The reform of the system of issuance of new shares has, to some extent, solved the problem of the system of China’s capital market. However, there are still some areas where there is insufficient reform to be further broken after the solution to the problem of system diseases. The Third Plenary Session of the 18th Central Committee of the Communist Party of China (“Decision of the Central Committee of the Communist Party of China on Several Important Issues concerning the Overall Deepening of Reform” (the “Decision” From the basic role to enhance the decisive role in the capital market reform also showed a clear tendency of the market. The “Opinions on Further Promoting the Reform of the IPO System” (hereafter referred to as the “Opinions”) of the CSRC also followed the train of thought of the “Plenary Decision” made by the Third Plenary Session. Taking the development of the market mechanism as the core, from the role of the CSRC to the regulatory approach