破产是证券公司退出市场的最后通道。凡是经过各种挽救手段都不能恢复正常经营,又不能并购重组的证券公司,最后都要走向破产。我国新《公司法》和现行《破产法》都有相关的破产条款。上海社科院法学研究所所长顾肖荣认为,鉴于金融机构破产的特殊性,制定专门的法规会更好。我国人民银行副行长吴晓灵指出:“金融机构的生生死死、新陈代谢是一个必然规律,如果没有一个健全稳定的金融破产法,就无法按照市 Bankruptcy is the last resort for securities companies to withdraw from the market. Any securities company that can not resume its normal operation after a variety of means of rescue and can not be merged and reorganized will eventually go bankrupt. The new ”Company Law“ in our country and the existing ”Bankruptcy Law“ all have relevant bankruptcy clauses. GU Xiao-Rong, director of the Shanghai Academy of Social Sciences Institute of Law believes that in view of the particularity of the bankruptcy of financial institutions, the development of specialized laws and regulations will be better. Wu Xiaoling, vice president of the People’s Bank of China, pointed out: ”Financial institutions are life and death, and metabolism is an inevitable law. Without a sound and stable financial bankruptcy law,