本文论述了我国股票发行制度从额度审批制到核准制，又到保荐人制的演变过程及其影响。
The sponsor system promotes the process of transition of the issuance approval mechanism; meanwhile they condition each other simultaneously.
项目审批机关在审批可行性研究报告时，要核定项目的结汇额度。
When examining and approving the feasibility report of the project, the government agencies in charge of the examination and approval should check and determine the prescribed quota for sale.
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