Study On The Legal Issues Of Sponsors Of Donation-based Crowdfunding In China

Donation-based crowdfunding is an organic combination of philanthropy and Internet crowdfunding pattern.In 2016,the introduction of Charity Law in our country and the flourishing of “Internet+public welfare”,a new type of business,make a significant progress in our country’s donation-based crowdfunding.Among problems that come along with the crowdfunding,backward legal adjustment is one that cannot be evaded.To this end,this article will conduct researches in relevant laws and regulations from the perspective of main bodies who launched the law for the philanthropic event.This article is based on the analysis of donation-based crowdfunding legal system at present in our country.First of all,we have classified into types the subjects launching the crowdfunding,analyzed the launch mode and defined the rights and obligations of the main bodies.On this basis,it demonstrates the certification standard of the main bodies and the public fund-raising qualification for the crowdfunding.This article also makes an analysis on the platform limitation of the crowdfunding.It has found many law predicaments from the main bodies’ perspective:defects in access rules,difficulty to acquire public fund-raising qualification,bugs of laws for individuals to seek help,strictness in limitation of platform release and imperfection of transparency in relevant information.Therefore,in order to improve laws and regulations for crowdfunding launching,we must optimize the main bodies’ in-and-out mechanism,establish appropriate administrative regulations for public fund-raising qualification,fortify management in crowdfunding platform,step up obligations to make public the relevant information and so on.With this,we hope to make China’s crowdfunding industry gradually governed by law.