On The Protection Of The Rights And Interests Of Equity Crowdfunding Investors

Equity crowdfunding has taken root in China since 2011 as a new way of financing.Its advantage lies in expanding the scope of investors through the use of the means of advanced Internet,broadening the financing channels of small and medium-sized enterprises,helping to adjust China's economic structure,and further constructing a multi-level capital market system.However,due to short period of development of equity crowdfunding in China,the relevant laws and systems are still not perfect.In the actual operation of equity crowdfunding,investors are facing with a variety of rights and interests infringed by the situation.It includes the problem of “illegal fund-raising” crime and “illegal public offering” securities which may be faced in equity crowdfunding,the unreasonable definition criteria of qualified investors and the dilemma faced by investors at the exit level;the shareholders' rights of investors are not effectively guaranteed,in the face of the problem of relief difficulties arising from the infringement of rights,as well as the supervision of equity crowdfunding caused by investors vulnerable to financiers and equity crowdfunding platform fraud and other issues,the existence of these problems so that equity crowdfunding in China's development encountered a great obstacle.As the core of capital market,investors must solve these problems in order to further develop equity crowdfunding.Therefore,this thesis will explain how to promote the further development of equity crowdfunding in China from the perspective of investor protection.This thesis firstly puts forwards all kinds of problems that investors may face when their rights and interests are damaged according to the development of equity crowdfunding in practice.Then,by analyzing the securities attributes of crowdsourcing,we can get the protection of the Securities Law,and abstracting the principles of protecting the rights and interests of investors in crowdfunding from the relevant theories,so as to provide theoretical support for the protection of investors.Furthermore,it analyzes and evaluates the legislative system of extraterritorial countries and draws lessons that can be used for reference.Finally,from the perspective of investor access and exit and clarifying the legitimacy of equity crowdfunding,it protects the equity crowdfunding investors in an all-round way to safeguard the investor's shareholder rights,improve the investor's remedy level the equity crowdfunding supervision system.