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股票市场最突出的特点就是资本的供给方 (投资者 )与需求方(筹资者 )存在严重的信息不对称。筹资者对有关证券投资价值的信息了如指掌 ,处于市场的优势地位 ,而广大中小投资者对于应得到的信息却知之甚少 ,处于市场的劣势地位。如果听任掌握有更多信息的一方利用这种优势获利 ,
The most prominent feature of the stock market is the existence of serious information asymmetry between the supply side (investor) and demand side (fund raising party) of the capital. Investors are well informed about the value of securities investment and are in a dominant position in the market. However, the majority of small and medium-sized investors have little understanding of the information they should receive and are in a disadvantageous position in the market. If you allow someone who has more information to take advantage of this profit,