试论我国上市公司退出机制之完善

上市公司退市机制是证券交易制度的一个重要组成部分，其对净化市场，提高上市公司质量进而从整体上提高股份公司质量有着十分重要的意义。但由于我国上市公司之上市过程有过多的政府干预色彩，因而上市公司退出机制应有作用得不到充分发挥。因此，割断政府与公司上市过程中的直接联系，为上市公司退市提供一个足够的外部空间，成为完善上市公司退出机制的有效措施。

On Withdrawal Mechanism of Listed Company

The withdrawal mechanism of listed company is an indispensable element in regulations of stock market. It plays an important part in purifying the stock markets and in improving the quality of listed companies, thus increasing the level of stock companies as a whole. However, since the process of going on the market is much interfered by the government in to be stopped to allow a broader external space for the withdrawal of a listed company. And meanwhile, withdrawal reasons and procedures need to be regulated so as to establish a set of practical withdrawal mechanism.