中国证券市场的发展时间只有一、二十年,但是发展速度与证券市场的规范制度不平衡,这反过来影响了证券市场的发展。由于上市公司、证券公司、中介机构等证券市场主体违法违规,给投资者造成损失得不到赔偿,就会影响股东尤其是中小股东对证券市场的信心,从而影响到这一直接融资场 The development time of China’s securities market is only one or two decades, but the pace of development is not balanced with the normative system of the securities market, which in turn affects the development of the securities market. As listed companies, securities companies, intermediaries and other securities market body illegal, giving investors no compensation for losses caused, it will affect the shareholders, especially small and medium shareholders confidence in the securities market, thus affecting the direct financing market