股票发行注册制下中小投资者利益保护问题分析

Analysis on the Protection of the Interests of Small and Medium-sized Investors Under the Registration System of Stock Issuance

股票发行注册制的实施,是新时期适应我国经济发展新环境的重要举措。基于保护中小投资者核心利益,做好对股票发行注册制的充分完善,有助于更好突出股票发行注册制的实际有效性,对于更好规范股票市场及提升对股票市场发展监管能力具有深远影响。通过分析当前现存问题,从完善股票发行注册制下中小投资者利益的法律保障机制、丰富股票发行注册制下监管机构管理形式、降低中小投资者股票投资的进入门槛、强化企业与中小投资者资本增值一致性、健全中小投资者投资风险预警机制等方面提出股票发行注册制下中小投资者利益保护的对策。

The implementation of the registration system for stock issuance is an important measure to adapt to the new environment of China′s economic development in the new era.Based on the protection of the core interests of small and medium investors,the full improvement of the registration system for stock issuance will help to better highlight the actual effectiveness of the registration system for stock issuance,and will have a far-reaching role in better regulating the stock market and enhancing the ability to supervise the development of the stock market.Influence.Through analysis of current existing problems,from perfecting the legal protection mechanism for the interests of small and medium-sized investors under the stock issuance registration system,enriching the management form of regulatory institutions under the stock issuance registration system,reducing the entry threshold of small and medium-sized investors′stock investment,strengthening the consistency of capital appreciation between enterprises and small and medium-sized investors,improving the investment risk early warning mechanism of small and medium-sized investors,and put forward the countermeasures to protect the interests of small and medium-sized investors under the stock issuance registration system.