创造条件推行股票发行注册制，是“十三五”期间中国股票市场改革的一项重要任务。若要顺利推动改革并继续保持市场稳定，确保股票上市品种、数量和频率符合投资者预期，适当的股票上市制度必不可少。长期以来，中国在股票发行上市方面的行政约束明显强于市场约束，现行的交易所市场上市制度内容匮乏且缺少层次性，整体约束力偏弱。本书系统分析了发达股票市场上市制度特征及其对中国的借鉴意义，研究了中国股票市场上市制度改革的现实基础，并有针对性地提出了上市制度改革的具体方向、潜在风险和对策建议。作者提出，发达股票市场建立在自由竞争基础上的多元化上市制度，体现出对拟上市企业更好的包容性，值得中国借鉴。但中国股票市场的现实基础，又决定了改革不可能一蹴而就，上市制度改革既要适应当前国内企业特点，也应与中国建设多层次股权融资市场的战略目标相契合，需要与股票发行注册制改革进行一体化设计。本书的主要作者来自中国社会科学院金融研究所，他们对于中国股票市场改革问题长期进行跟踪研究，书中关于上市制度改革的具体建议有很强的针对性、现实性和可操作性。

Creating conditions to implement the stock issuance registration system is an important task of China's stock market reform during the "Thirteenth Five-Year Plan" period. An appropriate stock listing regime is essential to smoothly carry out reforms and continue to maintain market stability, and to ensure that the variety, number and frequency of stock listings meet investors' expectations. For a long time, China's administrative constraints on stock issuance and listing have been significantly stronger than market constraints, and the current exchange market listing system lacks content and lacks hierarchy, and the overall binding force is weak. This book systematically analyzes the characteristics of the listing system of developed stock markets and its reference significance for China, studies the practical basis of China's stock market listing system reform, and puts forward the specific direction, potential risks and countermeasures of the listing system reform in a targeted manner. The authors propose that the diversified listing system based on free competition in developed stock markets reflects better inclusiveness for enterprises to be listed, which is worth learning from China. However, the actual foundation of China's stock market determines that the reform cannot be achieved overnight, and the reform of the listing system should not only adapt to the current characteristics of domestic enterprises, but also be in line with China's strategic goal of building a multi-level equity financing market, and need to be integrated with the reform of the stock issuance registration system. The main authors of this book are from the Institute of Finance of the Chinese Academy of Social Sciences, and they have been tracking and studying the reform of China's stock market for a long time, and the specific suggestions on the reform of the listing system in the book are highly targeted, realistic and operable.（AI翻译）

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