本文对创业板退市制度进行分析并发现在主动退市、转市和退市数量标准方面存在不足,建议对主动退市制度增加对投资者权益的保护规定,结合主动退市引入转市制度形成多层次全方位的融资平台,增加退市标准——数量方面的规定以甄别优质公司、杜绝炒“壳”现象实现资源优化配置。 This article analyzes the delisting system of GEM and finds that there are deficiencies in the standards of delisting, transit and delisting. It is suggested that the active delisting should be supplemented by the protection of investors’ rights and interests, Multi-level and comprehensive financing platform to increase the delisting standard - the number of provisions to identify high-quality companies to eliminate speculation “shell ” phenomenon to optimize the allocation of resources.