Research On The Legal Issues Of Equity Crowdfunding In China

In recent years,Equity Crowdfunding,as a new way of financing that relies on the development of the Internet in China,is the financing need of enterprises in the Internet co-financing platform to raise financing projects and attract investors to invest in projects,investors would get the future income from financiers of the enterprise in the form of equity,.This new approach reduces the standard of financing,attracts ordinary people to invest the idle funds in start-ups and small micro-enterprises,to provide financial support for its development.Further,to promote innovation and development and entrepreneurship,to help China's industrial restructuring and economic development.It is an important area of financial innovation,which plays an important role.How to promote the legalization of China's equity crowdfunding,standardize the legal relationship between the participants,not only have a positive impact on investor protection,but also make significance to promote research on equity crowdfunding.This paper take the first case of the crowdfunding in China which has been sentenced as the starting point,elaborating the basic case of financing cases and the three controversial focuses involved.On the basis of the detailed description of the legal environment of the equity policy in China,whether the financing behavior of the public financing system is in violation of the law on the issue of public offering of securities,the main legal relationship of the transaction and the disclosure of information in the trading activities Infringement of investor rights and other issues are analyzed specifically.then the recommendations are put forward from our legislation and investor protection after learning from foreign legal and practical experience.China's equity crowdfunding is a small micro-enterprise development of China's boost,which is our perfect multilevel capital market real demand.The equity industry which has no legal system to protect will not continue to long-term development.The issue of the legitimacy of equity ownership should be taken into account,and by issuing new laws,And through the construction of equity crowdfunding exemption and the participants involved in the relevant information disclosure system,increase investor protection,improve the laws and regulations,share the industry boom and create a good legal environment.