一、股票市场发行制度的变迁从全球范围来看,证券发行审核制度主要有注册制和核准制两种类型。注册制实行的是公开管理原则,一般不规定具体的发行条件,要求发行人提供关于证券发行本身以及与证券发行有关的一切信息。发行人与有关中介机构各司其责,相互配合,并对各自出具的文件承担民事或刑事责任。投资者根据发行人所提供的信息,自我判断,自负投 First, the changes in the stock market issuance system From a global perspective, the securities issuance examination system mainly has two types of registration system and approval system. The registration system implements the principle of public management. Generally, it does not stipulate specific conditions of issuance, and requires the issuer to provide all information about the securities issuance itself and the securities issuance. The issuer and the relevant intermediary agencies are responsible and cooperate with each other and bear the civil or criminal liability for the documents issued by them. Investors based on the information provided by the issuer, self-judgment, own investment