“人无信不立、家无信不睦、业无信不兴、国无信不宁”。笔者认为，资本市场的基石是诚信，如果缺失了诚信，资本市场就会丧失价值投资功能。

“Man without faith will not make、Home no letter not agree、Industry without a letter、Countries no letter not better”。The author thinks that，The foundation of capital market is honesty，If missing integrity，Capital market will lose the value investment function。

　　一直以来监管层把推进资本市场的诚信建设作为一项重点工作来抓。证监会高层多次强调，要对市场违法失信“零容忍”，采取有效措施，坚决打击各种违法失信行为，以维护市场信心。

Since the regulatory push capital market credit construction as a key work to grasp。CSRC on many occasions top，To the illegal market to keep his promise“Zero tolerance”，Take effective measures，Resolutely crack down on all illegal discreditable behavior，In order to maintain market confidence。

　　例如，即将出台的《证券期货市场诚信监督管理暂行办法》，就是我国资本市场的首部诚信办法，这一诚信体系包括证监会将建立诚信档案制度，全面收集证券期货市场监管执法、自律管理和司法等公共诚信信息，建立“证券期货市场诚信档案数据库”等多个方面。

For example，Upcoming law of《Stock futures market credit supervision and the provisional measures》，Is China's capital market first integrity measures，The credit system, including the CSRC will establish credit file system，A comprehensive collection of securities and futures market supervision enforcement of the law、Self-discipline management and legal public credit information，establish“Stock futures market credit archives database”etc。

　　应该说，建立这一诚信体系，监管部门可以通过专门的诚信监督管理制度，强化对市场主体及其行为的诚信约束。

Should say，Establish the credit system，Regulator can through the special credit supervision and management system，To strengthen the market main body and the behavior of the integrity constraints。

　　以中介机构为例，随着我国资本市场发生转折性变化，市场的运行机制更趋复杂，市场主体的行为方式更加多元化，诱发违法失信的动机因素出现新的变化，违法失信行为的表现形式更加复杂多样，市场的诚信要求更加广泛、突出。因此，就必须加强中介机构的诚信建设和法制建设。

To intermediary organizations, for example，As China's capital market qualitative change happen，The operation of the market mechanism is more complex，The main body of market behavior more diversified，Induce illegal breaking your word motivation factors appear the new changes，Illegal discreditable behavior forms of expression more complicated，The market credit demands more extensive、outstanding。so，We have to strengthen the good faith construction of intermediary institutions and legal construction。

　　在这方面，监管层加强了对会计师事务所的监管，提高上市公司财务信息披露质量。建立和完善了资本市场会计监管体系，增加对会计师事务所现场检查频率，提升资本市场会计信息质量，加大对会计审计违法违规行为的打击力度，不断规范市场秩序。

In this respect，Regulatory strengthening of the CPA firm's supervision，Improve the quality of listed company financial information disclosure。Establish and improve the capital market accounting supervision system，Increase the public accounting firm site inspection frequency，Ascension capital market the quality of accounting information，To increase the accounting audit violate laws enforced，Constantly standardize market order。

　　同时，监管层还重视对保荐机构的诚信建设，并且一直在采取行动，如对于在上市前夜被撤销IPO许可的胜景山河(002525,股吧)两位保荐代表人撤销资格，保荐机构也被出具警示函的监管措施。笔者认为，中介机构、保荐人，不能为了钱而丢失自己的做人、做事准则，更不能丢失了自己的诚与信。树立诚信意识，是中介机构的工作的重中之重。

At the same time，Regulatory also attach importance to the sponsor of the construction of good faith，And has taken action，As for listed in eve has been revoked IPO wonder sunvo company permission(002525,Shares it)Two sponsor representative revoked qualification，The sponsor was also warning letter issued by the regulatory measures。The author thinks that，Intermediary institutions、Sponsors to，Not for the money and lost his life、Work standards，More can't lost their own honesty and faith。Set up the credit consciousness，Is the most important works of intermediary institutions。

　　市场经济是信用经济，资本市场的运行更加依赖于诚信。对于中介机构而言，更应把握资本市场加快发展的有利时机，树立良好的诚信意识，不断强化服务意识、创新服务理念，改进服务手段，拓展服务领域，切实提高服务经济社会发展的能力和水平。

Market economy is credit economy，The operation of the capital market more dependent on YuChengXin。As for the intermediary agencies，More should grasp the capital market to speed up the development of the opportune time，Set up the good integrity awareness，Constantly strengthen the service consciousness、Innovation service concept，Improvement service means，Expand service areas，To improve the service of economic and social development ability and level。

　　资本市场的诚信建设还应严厉打击市场违法失信行为，保护投资者的合法权益。这方面，最为直接的体现就是监管层加大了对资本市场违法违规行为的查处。

The capital market credit construction should also crack down on the illegal market discreditable behavior，Protect the legitimate interests of investors。the，The most direct reflect is regulatory stepped up capital market illegal behavior investigation。

　　笔者从证监会官方网站获悉，今年上半年公布的所查处的案件达到37起，而去年同期仅公布了6起。应该说，通过查处具有典型意义的案件，加强对证券违法案件的打击力度，对证券市场走向规范、健康具有不可替代的作用。但是，诚信建设也离不开市场各方的参与，只有市场各方共同努力，在资本市场诚信建设中发挥出积极作用，才能营造出“有信者荣，失信者耻、无信者忧”的市场氛围。

From the CSRC's official website learned，In the first half of this year announced that the case of investigation to 37，And the same period last year only released six cases。Should say，Through the investigation of the case typical significance，To strengthen securities violation cases enforced，In the securities market to regulate、Health is the role that cannot be replaced。but，Good faith construction market is inseparable from the participation of all parties，Only the market all parties work together，In the capital market in the construction of good faith to play out the positive role，To build“Have glory teh，Of paper、Non-believers sorrow”Market atmosphere。

　　创新监管执法体制，切实加强诚信体系。《证券期货市场诚信监督管理暂行办法》的即将出台，是一项体现诚信建设规律特点的重大市场机制创新和监管机制创新，标志着中国资本市场正在掀开正本清源的新篇章。

Innovation regulatory enforcement system，Strengthen the credit system。《Stock futures market credit supervision and the provisional measures》Is about to come on the，Is a good faith construction of the characteristics of the law reflects significant market mechanism innovation and supervision mechanism innovation，Marks China's capital markets are open radical new chapter of the original。