On the height of building up modern financial system, Chinese securities business is disadvantageous with regard to issue, listing, exchange, withdrawal and amercement.

• 站在构建现代金融体系的高度去审视目前中国的资本市场,中国证券市场在发行、上市、交易、退出和惩罚等方面都程度不同地存在制度缺陷。