国产精品99

为深入(ru)贯彻(che)落实(shi)中央金融工作会议以(yi)及《国(guo)务(wu)院(yuan)关于加强(qiang)监管(guan)防范(fan)风险推动资本市(shi)场高质(zhi)量发(fa)展的(de)(de)若干意见(jian)》精神，进一步深化(hua)退(tui)(tui)市(shi)制(zhi)(zhi)度改革，实(shi)现进退(tui)(tui)有序、及时(shi)出(chu)清的(de)(de)格局。证监会在认真总结改革经(jing)验和(he)充分考虑国(guo)情市(shi)情的(de)(de)基础(chu)上，制(zhi)(zhi)定《关于严(yan)格执行退(tui)(tui)市(shi)制(zhi)(zhi)度的(de)(de)意见(jian)》（以(yi)下(xia)简称《退(tui)(tui)市(shi)意见(jian)》）。

《退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)意见(jian)》着(zhe)眼(yan)于(yu)提升存量上(shang)市(shi)(shi)(shi)(shi)(shi)公(gong)司整(zheng)体(ti)(ti)质量，通过严格退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)标准，加(jia)(jia)(jia)(jia)(jia)大(da)(da)对“僵尸空(kong)壳(qiao)(qiao)”和(he)“害(hai)群之马”出清(qing)力度(du)，削(xue)减“壳(qiao)(qiao)”资(zi)(zi)源价(jia)值；同时，拓宽多元退(tui)(tui)出渠(qu)道，加(jia)(jia)(jia)(jia)(jia)强(qiang)退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)公(gong)司投(tou)资(zi)(zi)者保护。具(ju)体(ti)(ti)包(bao)括(kuo)以下几(ji)个方面，第(di)一，严格强(qiang)制退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)标准。一是严格重大(da)(da)违(wei)法退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)适(shi)用(yong)范围(wei)，调低(di)2年财(cai)务造(zao)假触发重大(da)(da)违(wei)法退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)的门(men)槛，新增(zeng)1年严重造(zao)假、多年连(lian)续(xu)造(zao)假退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)情形。二是将资(zi)(zi)金占用(yong)长期不解(jie)(jie)决(jue)导(dao)(dao)致(zhi)资(zi)(zi)产(chan)被“掏(tao)空(kong)”、多年连(lian)续(xu)内(nei)(nei)控(kong)非(fei)标意见(jian)、控(kong)制权无序争夺导(dao)(dao)致(zhi)投(tou)资(zi)(zi)者无法获(huo)取上(shang)市(shi)(shi)(shi)(shi)(shi)公(gong)司有效信息等(deng)纳入规(gui)范类退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)情形，增(zeng)强(qiang)规(gui)范运(yun)作强(qiang)约束(shu)。三(san)是提高亏损(sun)公(gong)司的营业(ye)(ye)收(shou)入退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)指标，加(jia)(jia)(jia)(jia)(jia)大(da)(da)绩差公(gong)司退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)力度(du)。四(si)是完善市(shi)(shi)(shi)(shi)(shi)值标准等(deng)交易(yi)(yi)类退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)指标。第(di)二，进(jin)一步(bu)畅通多元退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)渠(qu)道。完善吸收(shou)合(he)并(bing)等(deng)政(zheng)策规(gui)定，鼓励引(yin)导(dao)(dao)头部公(gong)司立足主业(ye)(ye)加(jia)(jia)(jia)(jia)(jia)大(da)(da)对产(chan)业(ye)(ye)链整(zheng)合(he)力度(du)。第(di)三(san)，削(xue)减“壳(qiao)(qiao)”资(zi)(zi)源价(jia)值。加(jia)(jia)(jia)(jia)(jia)强(qiang)并(bing)购重组监(jian)(jian)管(guan)，强(qiang)化主业(ye)(ye)相关性，加(jia)(jia)(jia)(jia)(jia)强(qiang)对“借壳(qiao)(qiao)上(shang)市(shi)(shi)(shi)(shi)(shi)”监(jian)(jian)管(guan)力度(du)。加(jia)(jia)(jia)(jia)(jia)强(qiang)收(shou)购监(jian)(jian)管(guan)，压(ya)实中(zhong)介机构责(ze)任(ren)，规(gui)范控(kong)制权交易(yi)(yi)。从(cong)严打击(ji)“炒壳(qiao)(qiao)”背后违(wei)法违(wei)规(gui)行为。坚决(jue)出清(qing)不具(ju)有重整(zheng)价(jia)值的上(shang)市(shi)(shi)(shi)(shi)(shi)公(gong)司。第(di)四(si)，强(qiang)化退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)监(jian)(jian)管(guan)。严格执行退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)制度(du)，严厉打击(ji)财(cai)务造(zao)假、内(nei)(nei)幕交易(yi)(yi)、操纵市(shi)(shi)(shi)(shi)(shi)场等(deng)违(wei)法违(wei)规(gui)行为。严厉惩治导(dao)(dao)致(zhi)重大(da)(da)违(wei)法退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)的控(kong)股(gu)股(gu)东、实际控(kong)制人、董事(shi)、高管(guan)等(deng)“关键少数(shu)”。推动健(jian)全(quan)行政(zheng)、刑事(shi)和(he)民(min)事(shi)赔偿(chang)立体(ti)(ti)化追责(ze)体(ti)(ti)系(xi)。第(di)五，落实退(tui)(tui)市(shi)(shi)(shi)(shi)(shi)投(tou)资(zi)(zi)者赔偿(chang)救济。综(zong)合(he)运(yun)用(yong)代表(biao)人诉讼、先行赔付、专(zhuan)业(ye)(ye)调解(jie)(jie)等(deng)各类工具(ju)，保护投(tou)资(zi)(zi)者合(he)法权益(yi)。

下一(yi)步，证监会将统筹(chou)推(tui)进(jin)各(ge)项措施(shi)尽(jin)快(kuai)落地，严厉打击(ji)各(ge)类规避退市行为，更大力度(du)保护投(tou)资者权益，提高上市公司质(zhi)量，净化资本市场生态。