A Study On The Legal Problems Of Equity Investment Protection In China

The equity is a new type of financing model that uses the Internet as a medium for public investors to raise funds for start-up companies and small and micro enterprises.In the equity stake in the investors to obtain the equity of the company as an investment remuneration,the Internet is a pool of financing and investors of the intermediary.The development of equity is of great significance to stimulating the vitality of financial markets and the establishment of multi-level capital markets.Investors are important participants in the capital market,the protection of the interests of investors related to the development of equity and the stability of the entire financial market order,but the equity in the investor protection of the existence of congenital deficiencies,coupled with China's equity The protection of equity investment in the "blank state",all aspects of the protection mechanism is imperfect,the lack of specialized,systematic legal norms,investors are facing many risks,the need to strengthen the equity Investor protection.Based on the relevant data,this paper discusses the meaning,characteristics,operation mechanism and transaction mode of equity ownership by using comparative analysis and summarizing the research methods from the general theory of equity ownership.This paper introduces the theoretical basis and necessity of investor protection from the perspective of law economics and institutional economics.Then,according to the process of equity ownership,the investors 'protection is analyzed in detail from the aspects of the ownership of the project and the relief and exit mechanism of the investors' protection and the investor protection.In the ownership of various projects initiated to regulate the issuer's subject qualification,financing and information disclosure obligations;in the equity operation of the platform to set up access mechanism to ensure that the equity participation in the main body of the right to solve the funds Issues;investors involved in equity ownership should first meet the requirements of the appropriate,and to ensure that investors improve the relief and exit mechanism.Through the analysis of the protection of equity investors from the process,the paper analyzes the legislation and the legal norms of the protection of the equity investors in China,and obtains the existing problems of the protection of the equity investors in China.In view of the status quo of the protection of investors in China,it is necessary to perfect the transfer of the main body into the mechanism,the implementation of differentiated access,clear investment limit;second to improve the regulatory system,the establishment of information Disclosure system,the rules of the leader,the sponsor system and the ownership of the platform for the operation of the operating rules;Finally,set the specific measures to protect investors,such as the implementation of a small amount of exemption system,the establishment of investor education system and appropriate investors Sexual integrity test,the establishment of risk insurance fund system and post-vote management system,giving investors ADR claims rights,all-round multi-level protection of equity investors.