The Research On The Legal Supervision System Of The Equity-based Crowd-funding In China

Equity-based crowd-funding is a new manifestation of multi-level capital market in China.In the tide integration of the Internet and finance,it is showing its own unique features as an important entrance of SMEs financing.Crowdcube is the UK's first public equity raised platform,founded in England in February 2011 and has become the UK's largest platform which also has a global demonstration effect.Angel List was the first American public equity raised platform founded in January 1,2010.From 2012 the "JOBS" bill signed,more than 100 equity raised platform in the United States have shot as bamboo after a spring rain grows.In 2011,China's first public raised platform named time on the line and get the praise,then everyone voted,and the original angel have became the platform to raise public shareholding.However,at this stage project audit released ? transaction management and registration and settlement functions fully integrated,professional registration hosting platform for financing is not established,the professional training for investoris is insufficient,.It not only makes investors rights protection difficult,but also be not conducive to healthy the development of the platform itself.Based on this,I chose this topic.This paper is divided into five chapters,the first chapter introduces the research background,the second chapter summarized the development situation of equity-based crowd-funding,the third chapter puts forward the problems of equity-based crowd-funding in our country,the fourth chapter is to read about the extraterritorial legal supervision experience,fifth chapter offer proposals about legal supervision.