Research On The Legal Institution Of Crowd Funding Equity In China

Internet Finance is developing rapidly, and crowdfunding equity as the product of Internet Finance gradually integrate into the community, being increasingly subject to the attention of regulators and the market. The government is trying to construct the legal institution of crowdfunding equity, and legalization of crowdfunding equity has become a fact. Crowdfunding equity as an exotic, and it has not yet built up a completely legislation institution in China.To ensure crowd funding equity to develop efficient and standardized operation,we can be in combination with the current situation of the development of our country and horizontal reference the successful experience of the United States, Britain, Italy and other countries,and complete institutional design, and in order to raising in China’s long-term development.The article subject is crowdfunding equity,and adhere to the basic principles of promoting capital formation and investor protection.First of all, the article introduces crowdfunding equity from the structure, characteristic and operation model;Secondly, combining the domestic current situation and operation model,the article analyzes the public offering, raising funds illegally, platform responsibility, investor protection, issuer information disclosure, and many other legal issues;Thirdly,the article analyzes legislative experience of United States, Britain and Italy;Finally, in order to legislative perfection and ensure the smooth development of the crowdfunding equity,and the raise in China, based on the advanced experience of the United States, Britain, Italy and other countries,the author proposes the specific solution from small exemption institution, platform, investor and issuer.