翻译成英文。。。

Question

为了从源头上提高上市公司的质量，促进中国资本市场的健康发展，中国证监会于2004年推出了证券保荐制度。
证券保荐制度是我国资本市场最具深远意义的制度设计之一。可以说，证监会、投资者从一开始就对保荐制度寄予厚望，希望保荐制度能够消除以往发行上市制度的种种弊端。因此，保荐制度实施六年来，一直备受关注。
然而，我国证券市场发展的时间还比较短，保荐制度作为一个新生制度，还存在一些问题。要充分实现其价值，就要在实践中不断加以完善。本文将对这些问题进行研究和探讨。
证券发行 保荐人 保荐制度 完善

Answer 1

证券发行（Securities issuance）保荐人（The recommender）保荐制度（Sponsor system）完善（perfect)
内容
In order to improve from the source of listed companies, promote the quality of the healthy development of China's capital market in 2004, the China securities regulatory commission launched securities sponsor system.
Securities sponsor system is China's capital market is the most significant system design. Can say, the CSRC, investors from the beginning to have great expectations, sponsorship system can eliminate institutional sponsor issued the malpractices system. Therefore, the sponsor system has been implemented six years, attention.
However, the development of China's securities market is very short time, sponsor system as a new system, there still exist some problems. In order to fully realize its value, will be perfected in practice. This paper analyzes the problems and discussed.

Answer 2

In order to improve the source quality of listed companies, to promote the healthy development of China's capital market, China Securities Regulatory Commission in 2004 launched a securities recommendation system.

Securities recommendation system is China's capital market with the most far-reaching one of system design. Can be said that the Commission, investors from the start of the high hopes for the sponsor system, I hope the sponsor system to eliminate the previous system of issuing and listing all the defects. Therefore, the sponsor system is implemented in six years has been great concern.

However, the development of China's securities market is still relatively short time, the sponsor system as a new system, there are still some problems. To fully realize its value, they must be continually improved in practice. This paper will study and explore these issues.