股票发行制度

股票发行制度的国际比较及我国的改革实践

Stock Issue System : International Comparison and China 's Reform Practices

我国股票发行制度研究

The Reformation of the System of Stock Issuance in Our Country

各国股票发行制度的主要模式；

The main models of the stock-issuance system of the world ;

中国股票发行制度市场化改革研究

The Research on Marketing Reform of Chinese Stock Issue Institutions

目前我国股票发行制度改革的内容及政策建议。

The current reformation of stock-issuance system in China and relative policy suggestions .

股票发行制度内在机理的产权解释

Property Right Explanation of Internal Nature of Stock-issuing System

我国股票发行制度的效率分析

Analysis on the efficiency of stock issuing system

在概述部分，首先探讨了股票发行制度的内涵，在借鉴制度经济学对制度定义的基础上，指出股票发行制度就是支配股票发行行为和由此产生的各种经济利益的规则体系。

In the first part , the connotation of the stock - issuance system is discussed .

股票发行制度主要包括发行审核制度、发行定价制度以及相关的信息披露制度。

Stock issue system includes issue auditing system , price mechanism system and related information disclosure system .

本文选取在沪深交易所挂牌上市的1002家国有控股上市公司作为样本，对国有企业在不同的股票发行制度下对上市模式的选择及最终形成的控制权结构进行了统计上的检验。

This paper analyses the influence of different listing policies to the listing conduct and the control right structure .

由于我国特殊的股票发行制度，企业新股发行资格成为一种极为稀缺的资源。

As a result from Chinese specific issuing institution , qualifications of rationed share acquisition is a kind of scarce resource .

本文运用新度经济学的分析方法对我国股票发行制度进行了较为全面的分析研究。

The dissertation makes a comprehensive study on the stock-issuance system in China by the analytical methods of the institutional economics .

最后，通过对现存核准制的制度缺陷进行分析，提出了继续推动我国股票发行制度市场化改革的相关政策建议。

At last , I analyse the defects in current checking system and bring forward some advices to further reform the stock issuing system .

第三部分重点考察了中国股票发行制度市场化改革进程，并对改革前后的两种发行制度进行了比较；

The third section high spot reviews the progress of marketing reform of Chinese stock issue institutions , and compares the pre-reform issue institution with post-reform issue institutions .

在供需双方的相互作用下，股票发行制度经历了从无到有、从股票市场产生初期的审批制变迁到目前正在进行的核准制、并最终变迁到更加市场化的注册制这样一个过程。

The issuance system experiences examination and approval system at first , when the security market born , and registration system , when we are experiencing now , from zero .

原因基于：上市资格与再融资资格在我国是重要的稀缺资源，具有丰厚的收益，这是和我国特殊的股票发行制度密切相关。

Major reasons are as follows : right of rationed share acquisition and secondary financing is an important scarce resource and has rich income , which correlates closely with Chinese specific securities issuing institution .

关于普通股民投资亏损的原因分析很多，包括资本市场的融资定位问题、股票发行制度问题、上市公司法人治理结构问题、资本市场内幕交易问题等。

There are many investment loss causes on ordinary investors , including the financing positioning of capital market , the stock issuing system , corporate governance structure of listed companies , capital market insider trading problems .

随着我国《证券法》等证券法规的颁布实施，以及股票发行制度的改革，主承销商和发行公司在首次公开发行股票时日益倾向于聘请高声誉的会计师事务所。

With the promulgation and implement of Chinese Securities Exchange Act and other regulations and also with the increased reform of stock issuing system , major underwriters and listing companies tend to engage the prestigious accounting firms when issuing a new stock .

从历史和现实的比较情况看，允许公司采用低面额股的股票发行制度将是解决资本维持原则的制度和立法争议的最佳措施，既便利公司筹资，又使债权人的利益最终受到保护。

To allow the corporation to issue low par value stock will be the best step to solve the disputes of doctrine of capital maintenance in system and lawmaking , which is not only convenient for fundraising , but also protect the creditors ' interests .

第五部分则是对上市公司退市引发问题的处理及相关的制度安排，包括对上市公司退市后股份转让问题的解决，对我国股票发行制度的进一步完善及建立民事赔偿制度。

In the last section , it resolved the problem that the delisting system caused and arrange the related system , including the solving of the problem on shares transaction after delisting , further perfecting the stock publishing system of our country and establishing the civil compensation system .

股票溢价发行制度是中国股市的问题之源，要解决中国股市的问题，必须坚决废止溢价发行制度。

Premium stock issue system underlies the problems of Chinese stock market .

完善股票发行上市制度

Improve the system for IPO and listing on stock markets

我国现阶段股票发行市场制度研究

A Study on the System of Issuing Market

中国股票发行定价制度市场化改革的次序

The Sequence of Market Oriented Reform on Offer Pricing System in Chinese Stock Market

股票发行管理制度的若干问题研究

Research of Some Problems Stock Issuance Control System

股票发行审核制度研究

Research of shares listing 's auditing system

在评价我国股票发行监管制度的有效性时，从首次发行新股公司上市前后业绩变化和股票发行市场违法犯罪案例两个方面进行了实证分析。

Thirdly , the paper evaluates the validity of China 's regulation system of new stock issue from two aspects .

最后，本文提出完善股票发行审核制度的对策。

Lastly , the thesis proposes some countermeasures on how to improve the examining and verifying system of stock issue .

保荐制度是我国股票发行上市制度一项重大的市场化改革措施，其肩负着夯实证券市场基石和保护广大中小投资者利益的历史使命。

The establishment of sponsor 's system is a significant market-based reformation of the system of issuance and listing of stocks in China , which consolidates the foundation of security market and protects the interests of minority investors as well .

其次，本文分析了政府进行股票发行审核制度变迁的成本和收益，指出只有在政府预期其收益大于成本时，才会推行强制性制度变迁。

The thesis then analyses the cost and revenue of the institutional change of the examining and verifying system of stock issue from the angle of the government , and points out that only when the expected revenue exceeds the cost , will the government push forward the institution change .