Research On Risk Identification And Control Of Eequity-based Crowdfunding In China

The concept of crowdfunding was introduced into China in 2011.It has experienced the forming stage of 2011-2013 and the rise period of 2014-2015,finally passed into the reshuffle period in 2016.As a major innovation in the field of Internet Finance,the crowdfunding pattern has been combined with Internet microfinance,Information technology and the Social network.The combination of financing will provide more varieties of channels to enterprise,one of the most controversial points is the Eequity-based Crowdfunding.The emergence of Eequity-based Crowdfunding is an opportunity and a challenge for all parties involved,as well as the market and relevant regulatory authorities.After passing into reshuffle period,government has been providing support and offering serious specification requirements through marketing policy,laws and regulations and many other aspects.Thus forced some unqualified crowdfunding platform off the market,and platforms that insisting to do internet finance,promoting the development of Eequity-based Crowdfunding have opened a new situation for the mature development of Eequity-based Crowdfunding Market.In 2018,the industry is heavily regulated.And the development will be focused on raising its own ability,introducing new technology,strengthening risk control as well as building healthy ecological environment to promote the market more mature and standardized.Utilizing the knowledge of finance,this paper sorts and summarizes literatures and present development situations of Eequity-based Crowdfunding from home and abroad.Making the development background,the risks in different stages of the project,and some typical cases in recent years as entry points,combined with the Analytic Hierarchy Process(AHP)and the Fuzzy Comprehensive Evaluation method for the empirical analysis.This paper finally sums up the influence degree of the risk factors in Chinese Eequity-based Crowdfunding Market.This article first defines the definition of Eequity-based Crowdfunding,and combs some related risk theorys.Through the introduction of operation mode and the analysis of typical cases,we interpreted the development situation and risks of Eequity-based Crowdfunding in China.This paper uses the Analytic Hierarchy Process(AHP)and the Fuzzy Comprehensive Evaluation method for empirical analysis,building models for quantitative analysis and significance researches.Then summarize and reference the development experiences from well-developed countries and regions,to explore and find out the suitable development mode for our national and market conditions.Finally the author chooses macroscopic regulation,self-discipline and platform improvement three aspects to put forward feasible suggestions for the development of Chinese Eequity-based Crowdfunding Market.Pointing out that regulators should consider the hidden risks behind all the three participants,making all-around measure,as well as providing better financial policy and market environment for the mature development of Eequity-based Crowdfunding.