Law Regulation Research On Equity Crowdfunding Of China

Equity crowdfunding is a new online equity financing mode.It makes the network investment and financing both contactival.The most essential feature of the equity crowdfunding is the "small,public and open",unable to obtain financing in the past in the formal financial channels of small and micro start-ups and venture capital over the past inaccessible to those of ordinary public with a new investment and financing channels.Equity crowdfunding in the booming new economy so that this industry is growing attention from government departments as well as the investment community,and with the American "JOBS Act" Release and equity crowdfunding since legalization,legalization of equity crowdfunding the voice is getting stronger.Private equity crowdfunding management under the China Securities Regulatory Commission in 2014,marking China's first equity crowdfunding received official recognition,follow all relevant functional departments of the State Council have issued a document regulating the public equity chip industry.However,a detailed analysis of the file,its regulatory policies on equity crowdfunding deviates from the nature of the industry,and even the formation of the obstacles to the development of the industry to some extent.Therefore,in order to ensure equity crowdfunding to get healthy development,to restore its original appearance,regulators should learn from the experience of developed countries,so that equity crowdfunding truly representative of grassroots financial realize their financial value.In this paper,four aspects of equity crowdfunding legal regulation issues to discuss,namely overview crowdfunding and equity crowdfunding,the extraterritorial equity crowdfunding legal regulation of content and inspiration,equity crowdfunding legal barriers exist in China and the necessity of legislation feasibility and related legal regulations advice.The concept first part introduces the principles and features and equity crowdfunding Crowdfunding.The second part describes the US equity crowdfunding legal practice,review outside the United States in particular equity crowdfunding legal regulation for Reference section.The third part of our view of the current equity crowdfunding industry regulations exist shortcomings analyzed the feasibility of the necessary legislation will be explained.Section IV presents some comments on our personal equity crowdfunding legal regulation as proposed in the above-mentioned problems.