Research On Legal Risk And Suggestion On Legislative Construction Of Equity Crowdfunding In China

In recent years,with the rapid development of internet finance,different kinds of financial models have come out.In 2015,the crowdfunding replaced P2P-lending,and became the most popular model of internet finance,especially equity crowdfunding which raised the most attention.As a new model of internet finance,equity crowdfunding has the characteristics of low cost and wide audience,being able to bring good news to small and medium-sized enterprises in financing,and also provides a convenient channel for ordinary financial consumers to participate in equity investment.However,due to the hysteresis of law,we don't have clear and specific provisions or regulations on equity crowdfunding in China yet,which makes equity crowdfunding raise lots of controversy in practice,and also block the development of equity crowdfunding in turn.The dilemma needs laws to respond urgently.The United States and other developed countries have adopted the relevant laws to recognise and supervise equity crowdfunding.Therefore,it is urgent and important to study the legislative construction of our country's equity crowdfunding,and maximize equity crowdfunding's promotion action for the financial market.US has passed Jumpstart Our Business Startups Act in 2012,which marks the new era of the development of the equity crowdfunding.China has also passed some related diafts and guidance.But the risk of the equity crowdfunding concerns the public.The equity crowdfunding still face lots of legal risk in China.The essay has a whole picture of the equity crowdfunding risk in China,focus on analysing the against with current laws and the lack of investor protection.At last,suggestion to China's Securities Law is introduced.