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注册制改革是我国资本市场向全球化方向大步前进的必经之路,也将是中介机构大浪淘沙的过程。在注册制下,中介机构所扮演的角色发生了重大转变,其经营业务重心也将发生转移。IPO改革后,中介机构成为拟上市公司是否能够发行的实质判断主体,这就要求中介机构更自律,履行“看门人”的职责。因此,注册制下中介机构业务转型体现在三个方面:中介机构要加强尽职调查的能力;应当整合内部资源,提高金融服务能力,加强金融服务水平;要加强市场化定价的能力。
The reform of the registration system is the only way for our country’s capital market to make major strides in the direction of globalization. It will also be the process of the Ebb tide of intermediaries. Under the registration system, the role played by intermediaries has undergone a major shift and the focus of its business operations will also shift. After the IPO reform, the intermediary agency becomes the substantive judge of whether the listed company can be issued, which requires intermediaries to be more self-disciplined and perform their duties as “gatekeepers.” Therefore, under the registration system, the business transformation of intermediaries is manifested in three aspects: the intermediary agencies should strengthen their due diligence capabilities; they should integrate internal resources, improve their financial service capabilities, and enhance their financial service capabilities; and enhance the market-based pricing ability.