上市公司质量是资本市场的基石,资本市场有史以来的中外认知概莫能外。近代资本市场经过100多年的发展进步,形成了上市公司质量的三套保障机制,即公司治理、看门人机制和信息披露制度。一般认为,这三套机制保障的核心是上市公司的公共信用,而公共信用无疑是促进资本形成的关键要 The quality of listed companies is the cornerstone of the capital market, Chinese and foreign capital market history can no longer be outside. After more than 100 years of development, the modern capital market has formed three sets of guarantee mechanisms for the quality of listed companies, namely, corporate governance, gatekeeper mechanism and information disclosure system. It is generally believed that the core of these three mechanisms is the public credit of listed companies, and public credit is undoubtedly the key to promoting capital formation