Research On China’s Stock Issuance Registration System Reform

The main research object of this paper is China’s the forthcoming reform of stock issue registration system. Mainly using the way of theory analysis and comparison on this topic.The review system of the stock issuance which our country implement at present has been difficult to meet the need of comprehensive deepening economic reform and the construction of socialist market economy. At the national level and the academic circles are aware of the necessity of the reform of the registration system for the registration system of today, to explore a full range of is very important. Hope that through the study of this paper, to our country securities issuance auditing system and the securities regulatory system and gradually improve the appropriate path specified.The article is divided into four parts, in the logical structure to improve the registration system reform is the core topic, through the theoretical analysis of interlocking to achieve objectives.The first part of this paper firstly introduces the meaning of public issuance of stocks of the audit system of securities supervision system, explain the concept and characteristics, and the necessity of its establishment, analysis of the nature from different angles. Then the paper introduces the current approval system of stock issuance approval system, analysis of the emerging problems in our country, and the causes of the problem to be analyzed.The second part is the study of the major countries and regions of the stock public offering audit system, audit system of the stock of these countries and regions with a high successful issue, the stock market practices in their respective countries and regions, based on the experience of the reform of the registration system for our next step to find a way out and reference.The third part analyzes the necessity of the reform of the registration system in China from the current stock issue, on the analysis of the superiority of the interpretation of the registration system from the theory; at the same time, it discusses about the feasibility of the registration system in china from different perspectives. Through the theoretical analysis,combined with the prior to the audit system of stock in different countries and regions issued a comparative study, in order to show the current urgency for the registration system reform,but also a brief argumentation on the feasibility.Finally, summary improve of registration system reform. Put forward the path of reform should be gradual reform, the gradual reform of our country at present is still reflected in thesubstantive review approval system, From the approval system to a registration system will go through a long process, as a transition, different aspects of different fields and the stock can be issued in the stock market the gradual reform style, the only way to ensure the prosperity and stability of the stock market and even the entire capital market.