内地与香港的权证制度存在较大的差异。就权证是否需要分别规范、权证发行人的资格、创设制度与进一步发行制度、一级交易商与流通量提供者等制度进行了深入比较。对于香港证券权证制度的一些长处、优点,内地的证券市场可以借鉴。 There is a big difference between the warrants system in the Mainland and Hong Kong. Whether the warrants need to be regulated separately, the warrant issuer’s qualifications, the establishment system and the further issuance system, the primary dealers and liquidity providers and other systems were compared in depth. Some of the strengths and advantages of the securities warrants system in Hong Kong can be learned from the securities markets in the Mainland.