集资行为的基础理论是:因为融资者的信息与投资者的信息不对称,所以,为了保护投资者,我们要求融资者披露信息,即强制信息披露制度。但强制信息披露制度不是简单的披露信息就OK了,它需要通过一系列的制度安排来实现。其中,第一核心当然是披露要求,就是 The basic theory of fund-raising behavior is that because the information of the financier is not symmetrical with the information of the investor, in order to protect the investor, we require the financier to disclose the information, that is, the mandatory information disclosure system. However, the mandatory information disclosure system is not a simple disclosure of information on OK, it needs to be achieved through a series of institutional arrangements. Among them, the first core is of course disclosure requirements, that is