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注册制改革是当前我国资本市场改革的重中之重。注册制旨在平衡行政监管权力与证券发行权利之间的关系,减少发行环节的行政干预,对市场应有的权利予以尊重和保障。美国注册制实施的经验,为我国股票发行注册制改革提供了参考和借鉴。要推进我国的注册制改革,应强化信息披露的责任,加强监管并建立一套严格的退市机制。
The reform of registration system is the top priority of the reform of our country’s capital market. The purpose of the registration system is to balance the relationship between the powers of administrative supervision and the securities issuance rights, reduce the administrative interference in the issuance process, and respect and safeguard the rights that are right in the market. The experience of the registration system in the United States provides reference and reference for the reform of the registration system of stock issuance in our country. To promote the registration system reform in our country, we should strengthen the responsibility of information disclosure, strengthen supervision and establish a rigorous delisting mechanism.