退市机制被喻为证券市场的“过滤器” ,是保证资本市场健康所必需的工具 ,在成熟资本市场是普遍存在的。但在我国为什么却迟迟难以实行呢 ?关键还是观念和机制问题。由于退市必将涉及中小股东受损、影响社会稳定等一系列复杂因素 ,证券监管部门出于稳定市场的考虑 ,对连续亏损? The delisting mechanism has been hailed as the “filter” of the securities market. It is a necessary tool to ensure the healthy capital market. It is ubiquitous in the mature capital market. But why is it hard to implement it in our country? The crux is still the issue of concepts and mechanisms. Due to delisting will involve a series of complicated factors such as the damage to small and medium-sized shareholders and the social stability, the securities regulatory authorities for the sake of stabilizing the market, the continuous loss?