在此番证券法变革中,证券发行引人注册制,几无任何悬念。除了十八届三中全会确立的“市场在资源配置中起决定性作用”赋予了该项改革最大的政洽正确性之外,在技术层面上,其正当性还在于赋予了市场一个试错的机会。此前关于注册制的论争,可谓纷纷攘攘。其中一种观点认为,证券发行实行注册制之后,政府不审了,完全依赖信息披露,在当下我国证券市场诚信状况令人担忧的背景下,这一制度确须慎思缓行。这实在 In this time the securities law changes, the introduction of securities registration system, with few suspense. In addition to the establishment of “the market plays a decisive role in the allocation of resources” set forth in the Third Plenary Session of the 18th CPC Central Committee, the legitimacy of the market is still given to the market at a technical level Wrong opportunity. Prior to the registration system on the controversy, can be described as rumble. One view is that after the securities issuance has been implemented, the government will not review it and rely solely on information disclosure. Given the worrying status of credit in the securities market in the present, the system should be cautious. This is real