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本文介绍了在我国证券市场推出保荐人制度的背景及意义 ,就如何界定保荐人职责问题进行了论述。指出通道制之积弊 ;实行保荐人制度应以取消发股通道制为前提。作者就保荐人制度下的监管思路提出以下几点建议 :( 1)应以发股登记制为目标 ;( 2 )注意发挥市场的自律作用 ;( 3 )完善核准程序 ,提高发审委制度的透明度 ,建立委员问责制和监督机制 ;( 4 )大力加强执法力度 ,以保证其功能得以充分发挥。
This article introduces the background and significance of introducing sponsor system in China’s securities market, and discusses how to define the sponsor’s responsibility. Points out the disadvantages of the channel system; the system of the sponsor should be based on the cancellation of the channel of the public issuance as the prerequisite. The author puts forward the following suggestions on the regulatory thinking under the sponsor system: (1) It should target the issuance of the share issuance system; (2) Pay attention to the self-discipline of the market; (3) Improve the approval procedure and improve the system of issuance examination and approval Transparency, the establishment of member accountability and oversight mechanisms; (4) vigorously strengthen law enforcement to ensure that its functions can be fully demonstrated.