股票发行注册制实施的系统环境探析
Exploring the System Environment for the Implementation of the Stock Issuance Registration System

作为一种全球公认的市场化发行方式，股票发行注册制在我国已酝酿多年并已在我国科创板和创业板实施。股票发行注册制的推出，不仅将极大丰富与完善我国证券发行方式，而且还将为所有企业提供更加公平地进入资本市场的机会，大力促进高新技术企业和产业的发展。探究股票发行注册制实施的系统环境，目的是研究发现并逐步消除阻碍我国股票发行注册制的各种障碍，顺利推进股票发行注册制的实施，促进我国证券市场持续健康发展。
As a globally recognized market-based issuance method, the stock issuance registration system has been brewing for many years in China and has been piloted on science and technology innovation board and second board. The launch of the stock issuance registration system will not only greatly enrich and improve China’s securities issuance methods, but also provide more fair opportunities for all enterprises to enter the capital market, and vigorously promote the development of high-tech enterprises and industries. Exploring the system environment for the implementation of the stock issuance registration system, the purpose is to find out and gradually eliminate various obstacles hindering the registration system of China’s stock issuance, smoothly promote the implementation of the stock issuance registration system, and promote the sustained and healthy development of China’s securities market.