浅议我国股票发行制度改革及对券商的影响

Reform of the System of Stock Issue in China and Its Effects on the Stockholders

本文论述了我国股票发行制度从额度审批制到核准制,又到保荐人制的演变过程及其影响。同时阐述了券商投行在新的保荐制度下的应对策略。

The paper introduces three stages of stock issue system and their influences on the stockholders. Then it presents some strategies for the stockholders to invest under the new system, the sponsor system.