Research On The Equity Crowdfunding Regulatory System In China

2008 financial crisis not only brought a storm on the financialmarket, but also to make the way for crowdfunding appear in public view.Crowdfunding financing as a typical representative of emerging Internet banking, and its unstoppable momentum, and equity crowdfunding as one way of crowdfunding financing, it appears to the financing difficulties of small and medium micro enterprises a field alleviate hunger capital of rain to some extent, but also instilling energy for China to establish a multi-level capital market.However, when equity crowdfunding “Shining” in the financial markets, its huge investment risks and legal risks involved in multi-party have became the focus of national attention, even hindered the development of equity crowdfunding. In order to regulate the order of competition crowdfunding industry to maintain rapid and stable development of equity crowdfunding.While equity crowdfunding rapid development in our country, regulatory issues can not be ignored, and therefore, at this stage of equity crowdfunding regulatory system needs improvement.This paper is divided into four sections in total discussed equity crowdfunding :The first part is to define equity crowdfunding concept and characteristics, and analyze the need for regulation of equity crowdfunding.Firstly, analyzes the nature of equity crowdfunding, features and legal risks from the concept of equity crowdfunding, Secondly, set out the necessity of equity crowdfunding regulation in our country from protect the legitimate rights and interests of medium and small investors and raise the equity to prevent the legal risks in this paper.The second part focuses on analysis the regulatory status of equity crowdfunding and problems.First,analyzed the regulatory dynamics and status of equity crowdfunding. points out that equity raising in the healthy and steady development of our country but still carve for existing regulatory approaches continue to improve.Second,equity raising in our country faced under the existing regulatory framework for investor protection is insufficient,rough system of information disclosure,supervision on rasied piatforms have fiaws as well as issues such as lack of protection of intellectual property rights need adjustment and perfecting of laws and regulations.The third part is on foreign equity crowdfunding legislation in visits to the United States, Britain, Japan, for example, analysis of regulatory measures in the three countries when equity crowdfunding regulation adopted, reference amount of investment in US regulatory restrictions, regulatory risk warning to investors in the United Kingdom and Japan in industry self-regulatory principles, When creating equity crowdfunding regulatory system in China learn from each other, establish a sound regulatory system for the country to find a valuable experience.The fourth part focuses on proposals to improve our equity crowdfunding regulatory regime. In this section, based on the above-described problems Integrated, from protection the investor, information disclosure, management systems, obligations platform, and industry self-regulation vote after departure angle, sorted out for our equity crowdfunding regulatory system.