The Research On Risk And Supervision To The Equity CrowdFunding

CrowdFunding is a new finance mode based on Internet. As one form of the CrowdFunding, the equity crowdfunding is a new form of invest and finance baed on Internet, that is a finance mode which the issuer release the public fundraising plan on the Internet in the way of sell equity to attract the investors to make investment decision. In recent years, the CrowdFunding have been developed rapidly, many CrowdFunding Internet institutions appear in our country, and has different features each one.Compared with the traditional forms of equity investment, the advantages of CrowdFunding are "high efficiency, low cost, wide range"—more and more investors can participate in the process of investing enterprise based on the CrowdFunding Internet platform, at the same time, more entrepreneurs also can realize effective connection with the potential investors on the Internet platform. This pattern reduces the cost of communication and time greatly, and the industry scales of the finance enterprises would be widened greatly that compared with the traditional VC and Angel Investment. The CrowdFunding not only open up more investment channels for investors, but also, the more important, it provides strong support for those start-ups through their difficult operation and development business cycle, and enrich the domestic venture capital market.But, the development of CrowdFunding in domestic still in a start and exploration stage and lack of a operation pattern which is relatively mature and risk can be controlled. Meanwhile, due to the lack of comprehensive industry self-regulations and government regulations, there are no regulations to specification the development of the industry. The author selects several typical modes of the domestic equity CrowdFunding platforms for analysis, and summarizes some existing risks in the development of industry, such as the platform operating model risk, legal risk, investors risk and so on. To some extent, these potential risks will restrict the healthy development of domestic CrowdFunding market.About the regulation of the equity CrowdFunding, with the deepening development of domestic Internet financial industry, the urgent demand of domestic capital market for multi-level financing structure, the equity CrowdFunding gradually get the focus from the national level. After clear the regulatory body, the current regulator release industry regulations, and have formed a operational standards in the early stage of development of equity CrowdFunding. But, the author insist that current relevant regulation thinking and industry operation mode still exist many shortages and unable to effectively avoid potential legal risk, investors risk and operational risk. Based on this, the author put forward his own views about the regulation thinking and industry operation modes of the domestic equity CrowdFunding.With the release of regulations about the equity CrowdFunding, it means that the government has approved of this finance mode as a part of the capital market, and also indicates that domestic equity CrowdFunding will develop faster in the future under the trend of the state encourages innovation. Therefore, in the end, the author puts forward his prospects about the development trend of domestic equity CrowdFunding industry in the future.