我国证券保荐制度及其完善措施

保荐制度是从国外引入并运用于证券发行上市的我国证券市场管理制度。该制度的实施标志着我国证券的发行上市正从计划走向市场。保荐制度的引入将有助于完善股票发行制度，提高上市公司质量，保护投资者的利益。但其在实施过程中也暴露出一系列问题，如保荐代表人与保荐机构地位不平等、保荐人与发行人的信息不对称等等。

Improvement of Sponsor System in China's securities Market

Sponsor system which is transplanted in our securities market from abroad,is used to issue securities.The implement of the system symbolize that the issue of securities changes from the plan to the market.The transplantation of the sponsorship system is helpful to perfect stocking issuing system,improve quality of listed companies,and protect investors' interests.However,there is some problems in carrying out the system,such as the inequality between sponsor repute and sponsor institution,uncorresponding in...