Research On The System Of Leadingin Vestor Of Equity-based Crowdfundig

At present,many well-known private equity crowdfunding platforms such as jingdong,angel crowdfunding and cloud investment exchange have set up the system of leading investors,which has become the mainstream mode of equity-based crowdfunding.Due to the natural difficulties of equity-based crowdfunding and the serious information asymmetry between the collars and the investors,the system of leading investors did not lead the equity crowdfunding to the light.There are still many problems in the operation of the system.This paper tries to discuss some problems in the system of equity-based crowdfunding.The first chapter of this paper mainly deals with the overview of the mode of crowdfunding in public equity,which is called private equity financing in the past.In 2017,equity-based crowdfunding officially becomes a public offering,and it is especially important for the construction of the system of the leading investors to become the social public.At the same time,the author thinks that led role,set up and fund managers have similarities,to differentiate,to facilitate a better understanding of led the concept of a person,also can draw lessons from the legal regulation of fund managers.The second chapter mainly introduces the actuality of the equity and to raise led people mode,including led exists in which raise the stakes in the operation model,this article refers to led to this mode is mainly refers to a limited partnership equity led people in the raise pattern.At the same time,it also points out the risks of the existing model,but the legal system is blank.The third chapter is to explore the legal relationship of the equity crowdfunding.There is no conclusion on the nature of the legal relationship between the leader and the investor,and the author,in combination with the trust law,tries to define the nature of the legal relationship between the general and the investor as the trust relationship.At the same time,the rights and obligations of both the leader and the investor are set.The fourth chapter is the construction of the supervision system.To restrict the behavior of the leader,to protect the interests of the investors.Both private law and government supervision should be combined.At the same time,we should pay attention to the efficiency of the market and not regulate too much.