The Feasibility Of Registration System In China

With the rapid development of economy,our country already became the world's second largest economy.In addition,the disadvantages of China's securities issuance of authorization became more and more obvious,the state of the IPO market has closed many times,which is no doubt limits the development of some enterprises,at the same time also made serious damage to the capital market.Compared to the main market which has many difficulties,the NEED market appears unusually hot in recent years.Its review process greatly improves the efficiency of the audit,making the construction of multi-level capital market of our country step forward.Therefore,this article will begin with the discrimination between two securities--registration system and authorization audit system.Then this article will review systems of Hong Kong,the United States,through learning mode in mature markets to provide reference for securities issuance auditing system reform in China.Secondly,from the analysis of the disadvantages of our country current authorization register system and the initial conditions of the registration,we find the need to reform our registration system.Thirdly,this article will explore NEEQ concept stock,with the author's participating in a project as a starting point,summarizing its characteristics,hoping find some references for registration system reform.Finally,we will make a summary,and put forward a feasible mode suited to China's system reform.