论我国证券发行的保荐人制度

在我国制定和实施保荐人制度,旨在建立市场力量对证券发行上市的约束机制。对它的内容和特点从法律层面上进行分析,有助于加深对它的深度理解。从法律层面上来看,目前我国的保荐人制度还存在着保荐人违法成本偏低、保荐人权利尚显不足的缺陷,因此需要进一步完善,以最终走向注册制。

The System of Recommenders in China's Issuing Securities

The system of recommenders is established and enforced for the sake of creating a mechanism of keeping the issuance of securities within bounds by forming a marketing force.An analysis of the system's contents and features done from the perspective of law is beneficial to a deep-going understanding.From the domain of law,there are still such drawbacks as too low a cost that a recommender has to pay if he/she violates the law and insufficient rights that recommenders have received.Therefore,the system needs to be bettered further so as to reach the goal of establishing the system of registration.