本文认为，建立公正的市场秩序，创造透明的市场环境，加强证券市场的法制建设，从制度和市场环境的角度保护投资者的利益，是我国证券市场目前面临的最紧迫、最重要的问题。为此，应正确认识和解决好以下问题：正确认识和处理企业股份制改造和上市前的资产重组和包装行为；逐步改革现行的证券发行制度；规范上市公司的赢利预测，提高信息披露的质量；采取有效措施防止证券市场上各类购并重组活动中的虚假行为；建立证券发行中虚假陈述的责任制度；建立动态化的信息披露监管机制；正确认识和处理证券市场的产业政策导向和所有制结构；造就一批具有公正、客观、独立精神的证券中介机构 This paper argues that it is the most urgent and important issue for the securities market in our country to establish a fair market order, create a transparent market environment, strengthen the legal system in the securities market, and protect the interests of investors from the institutional and market conditions. To this end, we should correctly understand and solve the following problems: Correctly understand and handle corporate restructuring and pre-IPO assets restructuring and packaging behavior; gradually reform the current securities issuance system; standardize the profit forecast of listed companies to improve the quality of information disclosure; Take effective measures to prevent any false acts in all kinds of mergers and acquisitions in the securities market; establish the responsibility system for false statements in securities issuance; establish a dynamic regulatory mechanism for information disclosure; correctly understand and handle the industrial policy orientation and ownership structure of securities markets; Create a number of fair, objective and independent securities intermediaries