A Research On The Investor-protect Institutions Of Private Equity Crowd-funding In China

As a new type of Internet Finance,private equity crowd-funding has developed rapidly in China recently.But institutions of it are under-developed,and there are still multitudinous risks that threaten the interests of investors.It desiderates reasonable investor-protect institutions to provide a necessary protection for the private equity crowd-funding investors.The same is true in the field of private equity crowd-funding.Consequently,we should learn from the advance of the investor-protect institutions in foreign countries,improving the investor-protect institutions of private equity crowd-funding in China,to protect the investors and produce a better legal environment for the long term development of private equity crowd-funding in China.The full text is divided into three parts:introduction,main text and conclusion.And the main text is divided into four chapters.The first chapter contains a summary state of private equity crowd-funding in China,and it proposes that only those who conform to the rules can become investors of private equity crowd-funding.Considering the present situation and the operation mode of private equity crowd-funding in China,it proposes that there are several kinds of risks in private equity crowd-funding in China such as the risk of illegal financing mode.On this basis it comes to a conclusion that it is necessary to improve the public investor-protect institutions of private equity crowd-funding in China.In the second chapter,the text has carried out the arrangement and analysis of the investor-protect institutions of equity crowd-funding in American,Britain,Italy,France,Australia and Japan.And it explores how foreign countries and regions solve the problem of equity crowd-funding investor protection by building investor-appropriateness institutions,positioning the platforms as information services provider and clear the obligations of the platforms,clear the obligations of information disclosure of financiers,and so on.It proposes that by figuring out the advance in these institutions of the countries above,we can provide a reference for improving the investor-protect institutions of private equity crowd-funding in China.The third chapter expounds the existing laws about the investor-protect institutions of private equity crowd-funding in China.Then it proposes that there are several problems in the investor-protect institutions of private equity crowd-funding in China,including delay of legislation,being not formed a complete institution system,the risk of illegal financing mode,lack of investor-appropriateness institution,the position and the obligations of the platforms are not clear,The obligations of information disclosure of financiers are not clear,and so on.The last chapter throws out suggestions for improving the investor-protect institutions of private equity crowd-funding in China,on the basis of the references that investor-protect institutions of equity crowd-funding in foreign countries provides,the present situation of private equity crowd-funding in China,and the actual situation of the capital market in China.The suggestions contain several aspects,such as speeding up the legislative process,standardizing the financing mode of private equity crowd-funding,structuring institutions of investor-appropriateness,clear the position and the obligations of the platforms,clear the obligations of information disclosure of financiers and so on.