Research On The Protection Mechanism For Investors Concerning Equity-Based Crowdfunding From The Angle Of Internet Finance

Since introduced into China,crowdfunding has a certain foundation after a period of development.But the trend of crowdfunding development neither catches up with the Internet Lending,nor excesses the expectation that people might think it could be more than Internet Lending.Strong market demand has not been able to make crowdfunding popular,this paper argues that the root is system design.The existing problems of investor protection system are in two aspects:firstly,the imperfect regulatory system can neither define the nature of crowdfunding nor determine its legitimacy;Secondly,the lack of corresponding system has not been able to solve problems of the lack of credit information and the infringement of intellectual property rights in the current and future of crowdfunding-based crowdfunding.In view of the problems raised,this paper puts forward that China needs to solve the problem of investor protection of crowdfunding based on legal system and the corresponding system through analyzing domestic situation and reference to the exterritorial measures.Besides the introduction and conclusion,the main body of this paper is divided into three chapters.Chapterl firstly introduces some basic theories of crowdfunding,defines the concept of crowdfunding and clarifies the main body and legal relationship among them.Then,it shows the current development of crowdfunding and the applicable regulatory law of crowdfunding in China from the perspective of the Internet finance,pointing out the existing problems of investor protection crowdfunding which includes legality and the nature of crowdfunding;Security of capital of crowdfunding;The exit mechanism of crowdfunding,incomplete regulatory legislation system,lack of corresponding measures,etc.Chapter 2 takes the United States and the United Kingdom as examples to see how the extraterritorial legislation stipulates and solves the relevant problems,and obtains some legislative enlightenment from it.Chapter 3 puts forward Suggestions on the improvement of investor protection of crowdfunding and the future concerns which are also discussed.Recommendations include:to establish a public immunity of small amount,the system of making a difference among investors the system of capital deposit management by third-party,the system of moderate information disclosure of issuers and remedy channel of investor protection...