摘要
2018年7月27日,中国证监会公布了《关于修改〈关于改革完善并严格实施退市制度的若干意见〉的决定》,进一步明确了重大违法的内涵,对于我国退市制度的完善有着重大意义。然而,从整体上观测我国退市制度的现状,仍存在诸多不利于保护投资者的问题。退市制度的完善固然是对股市"不死鸟"规则的打破,并能促进"优胜劣汰"的市场规则恢复运行。然而,实现对投资者的保护才是股市乃至资本市场长久繁荣、稳定发展的根本之意。无论是以信息披露为核心的投资者保护体系的构建,还是赔偿制度等救济规则的完善,突出投资者保护的核心理念才是重大违法下强制退市制度的应有之意。
On July 27,2018,the Decision of Modifying the Document of Opinions on Reforming,Perfecting and Strictly Implementing the Delisting Rule issued by China Securities Regulatory Commission.It further explains the contents of major violation of law,which is significant for our country to implement the delisting rule.However,there still exists some problems threatening the protection for investors.Despite the fact that the delisting rule breaks the system of invincibility of the stock market and is able to accelerate the recovery of the market rule--“Survival of the Fittest”,the achievement of protection for investors is the key to gain a long-term prosperity and a stable development.Therefore,we must highlight the core idea of protecting investors whether in the construction of protection system in which information exposure is the core,or in the perfection of remedial system.
作者
朱程程
ZHU Cheng-cheng(East China University of Political Science and Law,Shanghai 201620,China)
出处
《山西财政税务专科学校学报》
2018年第5期17-22,共6页
Journal of Shanxi Finance & Taxation College
关键词
重大违法行为
强制退市
投资者保护
major violation of law
compulsory delisting
protection for investors
