Research On Equity-based Crowdfunding Platform Access System

The crowdfunding has a great potential for development. Compared with traditional financing mode, the crowdfunding excels in procedure and speed; which helps SMEs and startups, stimulates development of industry. And it provides benefit of inclusive financial to everyone. However the risk of crowdfunding can not be neglected. Countries in the world try to complete legislative process to maximum avoid the risk of crowdfunding.From the earliest founded AngelCrunch in 2011, the development of equity-based crowdfunding has been 5 years in China so far. During these years, a large number of crowdfunding platforms have been established, such as Dajiatou, Tongchouhui, Howtou, Yuanshihui, Renrentou,5ichuang.2014 is being called China’s first year of crowdfunding, and Global Crowdfunding Sunmmit let crowdfunding be the focus. On the other hand, the risk of crowdfunding, which involved the legal orientation of platforms is unknown; access threshold, rights and obligations are unclear; a huge risk of funding; and lack of effective system to prevent fraud and default, would cause difficult to protect investorsThis article focuses on access for equity crowdfunding platform for analysis, first clear the concept of equity crowdfunding platform access system, and equity crowdfunding platform access system for the importance of equity crowdfunding will be described; Secondly equity congregation legal risks currently facing the raised platform to further illustrate the development of the equity raised a total of urgency internet access system; and finally learn from the experience of existing national legislation corresponding comparative status quo puts forward the corresponding solution ideas.This dissertation is composed of five chapters.The first chapter outlines the equity crowdfunding system, describes the duties and responsibilities of equity crowdfunding platform and equity crowdfunding platform access system and the concept of equity crowdfunding platform; the second chapter risk equity crowdfunding platform exists in the actual operation, including the rights and obligations of the boundary is not clear, the risk of cash flow after operating and investment platforms that exist; the third chapter of the currently existing laws for equity crowdfunding restrictions; fourth chapter of the United States, Britain, France and some other countries try and successful experience in legislation in order to provide a useful reference for China’s legislation; chapter make recommendations based on our current reference for the analysis of the situation and foreign experience.