摘要本文通过对股票发行审核制和注册制的对比，同时也对我国股票发行制度的历史发 展、定价标准进行比较，分析得出注册制在现实市场实际应用中存在的问题，以及它的 利弊特征及推行所需的条件。其次，通过文献阅读、交流咨询、对比分析等方法对此进 行研究，根据问题提出如何避免、如何克服、如何去建立完善现有的体制去推行注册制 改革的实行。最后，对未来实行注册制对我国资本市场、对上市公司、对我们广大投资 者对影响进行了预测分析。整篇论文以结合我国实际情况，借鉴其它成熟市场的经验教 训，为我国能否实行注册制以及实行需要满足哪些现实条件进行了深入研究，给出了符 合市场发展规律的建议。77320

毕业论文关键词 注册制 核准制 资本市场 改革

Title Securities IPO and business management under the registration system

Abstract With the continuous development of China's economy, the economic system gradually from the initial stage to maturity。 In order to improve the function of China's capital market, to better serve the real economy in China, and pointed out that the party's the third Plenary Session of the 18th CPC Central Committee release of the "CPC Central Committee on deepening reform of the overall number of major issues", improve the multi-level capital market system reform, the implementation of the stock issue registration system reform, it is an inevitable trend of the development of the market next, is an inevitable result of the capital market gradually mature, this paper analyzes the existence of the stock issuance system than by the historical development, pricing standards, the problems in the development and the corresponding advantages and disadvantages, to conduct the research through literature reading, communication consulting, comparative analysis and other methods, to analyze the possibility of the registration system reform and in our country's market is likely to face the problems and solutions, thus further enlightenment。

Keywords  registration system    approval system    capital market   reform

目 次

1 绪论 1

2 我国证券市场改革 1

2。1 我国证券市场发展历程 1

2。2 我国股票的发行制度 2

2。3 证券市场现场分析 3

3 注册制改革 3

3。1 注册制改革现状分析 3

3。2 注册制和核准制的区别 4

3。3 注册制的优缺点 4

3。3。1 注册制的优势 4

3。3。2 注册制的不足 5

3。4 我国股票市场定价机制 5

3。4。1 定价机制 5

3。4。2 定价机制存在的问题 6

3。5 注册制对市场影响的定量分析 7

4 注册制实施之路 10

4。1 国外注册制对我国的启示 10

4。1。1 美国对我国的启示 10

4。1。2 英国对我国的启示 11