现行《证券法》的实施,对我国资本市场的发展、创新与变革发挥了基础性、保障性和促进性作用。同时,面对资本市场的巨大变化和未来发展需求,实施六年有余的《证券法》无论是从基本理念还是具体制度上,都出现了一定程度的不适应性,对其作进一步修改有必要提上议事日程。在我国资本市场转向成熟市场的背景下,《证券法》完善的目标应定位于一部市场型、监管型、服务型、保护型法律,并处理好单一立法与金融服务立法、放松管制与加强监管、行政监管与自律管理、简略式立法与精细化立法、实体规范与程序公正、鼓励创新与法律规制这六大关系。具体而言,现行《证券法》可从证券发行制度、证券交易制度、上市公司监管制度、公司债券制度和违法违规行为规制制度五个方面进行相应的修改和完善。 The implementation of the current “Securities Law” has played a fundamental, safeguarding and promoting role in the development, innovation and transformation of China’s capital market. In the meantime, in the face of great changes in the capital market and the demand for future development, there has been a degree of inadaptability in the securities law that has been implemented for more than six years, both in terms of basic concepts and specific systems. It is necessary to make further amendments to it Put on the agenda. Under the background of turning our capital market into a mature market, the goal of perfecting the “Securities Law” should be targeted at a market-based, regulatory, service-oriented and law-of-protection law and handle the legislative and financial services legislation, deregulation and strengthening Regulation, administrative supervision and self-regulation, simplified legislation and elaborate legislation, substantive norms and procedural fairness, and encourage innovation and legal regulation of these six relationships. Specifically, the current Securities Law can be modified and improved from the following five aspects: the securities issuance system, the securities trading system, the supervision system of listed companies, the corporate bond system and the regulation system of illegal activities.