Legal Protection Of Investor Interests In Equity Crowdfunding In China

Equity-based crowdfunding is a new type of Internet financing model and it developed rapidly in China.It not only activet financial investment market,solve the problem of financing and high cost of micro-enterprise,but also promot the integration of social idle funds and capital flows.However,the relevant supporting system construction of equity-based crowdfunding is still in an imperfect state.Investors are faced a lot of risks,such as the right to know is not guaranteed,financier malicious breach of contract,investment funds are misappropriation and encroachment,lack of effective exit mechanism.Investors as one of the main participants in equity-based crowdfunding have a very important position,if the risk of investors is far greater than the expected risk,in the absence of legal protection will greatly reduce the investor's investment enthusiasm,the purpose of financing is also difficult to achieve.So the protection of investors is necessary.This article takes investor protection in equity-based crowdfunding as the research topic,analysis of the legal risks faced by investors,put out the rationality of investor protection,and learn from the United States,Britain,Italy and other countries of the legislative experience in equity-based crowdfunding.And then discusses the realization path of the interests of investors in China from three aspects:the legal regulation of investors,the legal regulation of the financiers and the investor protection obligations of the equity market.And put forward some suggestions for the protection of investors in China.