新股发行制度改革初探.docx

摘要本文以A股IPO制度改革与完善为出发点，对我国的证券市场的产生、发展和现状进行了介绍。除此之外还将我国的IPO制度与美国、日本、台湾等成熟的证券市场进行了比较，并提出了自身的改善建议，并且对改善建议的可行性与效果进行了介绍，希望能对A股IPO制度的改革与完善起到启示性作用。关键词：股票；IPO；改革；预备板AbstractBasedontheAstrandsofIPOsystemreformandperfectasthestartingpoint,introducesthegeneration,developmentandcurrentsituationofChina'ssecuritiesmarket.InadditiontocompareourIPOsystemandtheUnitedStates,Japan,TaiwanHongkong(去掉)andothermaturestockmarket,andputsforwarditsrecommendationsforimprovement,andthefeasibilityandeffectofimprovementsuggestionswerepresented,toreformandimprovethesystemofAstrandsofIPOplaysanenlighteningrole.KeyWords:stock;IPO;reform;PreparatoryBoardMarket目录TOC\o"1-3"\h\z\uTOC\o"1-3"\h\z\uTOC\o"1-3"\h\z\uHYPERLINK\l"_Toc371423406"第1章绪论PAGEREF_Toc371423406\h1HYPERLINK\l"_Toc371423407"1.1问题的提出及研究的意义PAGEREF_Toc371423407\h1HYPERLINK\l"_Toc371423408"1.2研究综述PAGEREF_Toc371423408\h2HYPERLINK\l"_Toc371423409"1.3研究方法PAGEREF_Toc371423409\h3HYPERLINK\l"_Toc371423410"1.4主要思路及框架PAGEREF_Toc371423410\h3HYPERLINK\l"_Toc371423411"第2章现有IPO制度的产生、发展及不足PAGEREF_Toc371423411\h3HYPERLINK\l"_Toc371423412"2.1我国IPO制度的演进历程PAGEREF_Toc371423412\h3HYPERLINK\l"_Toc371423413"2.1.1我国证券市场的发展历程PAGEREF_Toc371423413\h3HYPERLINK\l"_Toc371423414"2.1.2新中国股票发行管理制度的发展历程PAGEREF_Toc371423414\h7HYPERLINK\l"_Toc371423415"2.2当前保荐人制度的优势与不足PAGEREF_Toc371423415\h13HYPERLINK\l"_Toc371423416"2.2.1当前保荐人制度的优势PAGEREF_Toc371423416\h13HYPERLINK\l"_Toc371423417"2.2.2当前保荐人制度的不足PAGEREF_Toc371423417\h14HYPERLINK\l"_Toc371423418"2.3我国IPO制度9次改进的历程PAGEREF_Toc371423418\h15HYPERLINK\l"_Toc371423419"第3章提高市场化程度是发行制度改革的方向PAGEREF_Toc371423419\h17HYPERLINK\l"_Toc371423420"3.1注册制与核准制的概念PAGEREF_