Study On Financing Pattern Of Equity Crowdfunding And Development Suggestion In China

In recent years, the deepening reform is happening in the Internet financial sector, and it is changing the traditional financial pattern. Especially the emergence of equity crowdfunding adds new vitality to the Internet finance.As an innovative financial format, equity crowdfunding is a financing process based on internet platform, connecting the start-up SME(small and medium enterprises)and a large amount of small investors, to help SME to fund by equity.It can effectively improve SMEs financing situations and broaden the investor’s asset allocation at the same time.After three-year development, China’s equity crowdfunding has achieved certain results, but still many problems in practice need further exploration and research.By collecting and collating the relevant literature, this paper first analyzes the study results of equity crowdfunding, in the aspects such as definition, function and risk. Second, it qualitatively elaborates the nature, characteristics and significance of equity crowdfunding in our country in current stage, introduces its operating procedure, analyzes the current operating status and profit model of its platform. Then comes a detailed analysis of the legal risk, operational risk, credit risk and financial security risk faced by equity crowdfunding financing pattern. Finally, referring to the American legal regulatory system and constructing experience in this aspect, the paper provides reasonable suggestions in the regulatory system and risk control, to further improve our equity crowdfunding model and achieve healthy and stable development.