Research On The Development Of The Combination Of Equity Crowdndfunding And Neeq Under The Background Of Internet Finance

As a pattern of crowdfunding,equity crowdfunding is one of the last two years the hottest and most popular business vocabulary.In”Internet+" era,equity crowdfunding have become entrepreneurs about the business model.The need for the development of multi-level capital market,NEEQ(National Equities Exchange and Quotations)has established in China.NEEQ is mainly combined of small and micro enterprises,its scale is much smaller than the small board and the main Board.However,due to lack of liquidity,the weekness of the market efficiency,lack of investors and other reasons,the ability to finance of NEEQ is currently unable to meet the need of companies.While equity crowdfunding raise money through the Internet,which solve the financing cost of the time.In addition,the doorsill of equity crowdfunding is lower than NEEQ,which is good to solve the financing problem of companies.On the other hand,NEEQ provides a new withdrawal road for equity crowdfunding.So,the combination of equity crowdfunding and NEEQ is good to the development of Chinese market.In February of 2015,a company of NEEQ named Huaren Film,began to raise money through equity crowdfunding.It is the first time to combination of equity crowdfunding and NEEQ in China.In addition,Huaren Film pushed out repurchase agreements and.risk-free issue stocks in this case.This paper firstly expounds the emergence,development and meaning on the combination of equity crowdfunding and NEEQ.It shows the prospect on the combination of equity crowdfunding and NEEQ is bright,because small and medium-sized high-tech enterprises are the main power of value creation,the upgrading of the industrial structure of the main market.Equity crowdfunding enhance the liquidity;of NEEQ.Then base on the case of Huaren Film,studying and analysising of the reasons for its success and the mode of operation.At the same time,we pointed out that it exists risks in the combination of equity crowdfunding and NEEQ.Then,paper detailly analysis the risk especially the domestic equity crowdfundind facing the risk of illegal fund-raising.The last,the paper provide the feasible advice form three aspects of government,crowdfunding platform and the company of NEEQ,efforts to achieve the optimal allocation of resources,open a new era of the "financing money,financing wisdom,financing people",which is important meaning for the future in the combination of equity crowdfunding and NEEQ to rapid and healthy developing.