新股发行即将由现在的审批制变为注册制，请看本报昨日引述中国证券报周二的报道：

    China will switch to a “registration system” for initial public offerings (IPOs), ending the current approval process, China Securities Journal reported Tuesday, a day after parliament began reviewing draft changes to the Securities Law.

    A registration system, used in mature markets such as the United States, where the market decides who gets to list, when and for how much, will obviate the China Securities Regulatory Commission’s (CSRC) role as the approval agency, industry sources say, and leave companies to register with stock exchanges to float shares.

    报道中的registration system就是“注册

    制”，registration是“注册”，动词是register。注册制是美国等成熟市场的通行做法，即由公司在交易所登记上市，由市场决定什么公司可以、何时可以、以什么价格上市交易。