Case Study On Risk Prevention Of Equity Crowdfunding In Platform X

In the context of the continuous development of Internet Finance in China,the new concept of crowdfunding is gradually coming into people's vision.Different from the traditional direct financing,crowdfunding,a new mode,relies on Internet technology,which is more closely connected with the general investors,and improves the financing efficiency while reducing the financing cost.The equity crowdfunding in this paper is a convenient network venture capital based on the Internet,which can effectively solve the problem of raising idle funds,help enterprises to obtain start-up funds and improve the financing difficulties of small and micro enterprises.Under the national policy situation,since the emergence of crowdfunding in China in 2014,the number has grown rapidly.However,in recent years,with the strengthening of economic supervision and financial tightening,the number of equity crowdfunding platforms has decreased year by year.In addition to the driving force of national policies,it is also closely related to the failure to effectively solve the risk of equity crowdfunding.Equity crowdfunding has just started in China,and the supporting legal and regulatory systems are not perfect.Therefore,in the spiral development process of domestic equity crowdfunding,there will be various kinds of problems.Risk.Investors are the foundation of capital market.Paying attention to investor protection and establishing perfect laws and regulations are the two best ways to promote the healthy development of equity crowdfunding market.However,under the current legal system,there is not a set of exclusive legal provisions for equity crowdfunding,and the concept of equity crowdfunding conflicts with the securities law and the company law and other legal provisions,resulting in twists and turns in the development of equity crowdfunding.In view of the above development background and existing problems,this paper chooses the domestic well-developed X platform equity crowdfunding case for research and analysis.First of all,through the collation and analysis of relevant literature at home and abroad,this paper grasps the development status,relevant theories and research results of equity crowdfunding.On this basis,we get the comparative advantages of equity crowdfunding compared with traditional finance,such as low threshold,high efficiency.It also analyzes the three stages of the development of X platform in detail and concludes that although X platform creatively uses the "leading investment + following investment" mode,Dutch inquiry,the establishment of limited partnership and investment Alipay and other ways to establish its position in the field of equity crowdfunding,in the specific case analysis,this paper conducts a detailed study on multiple operation modes of X platform and finds that“ "Leading investment + following investment" still has problems such as moral hazard,opaque platform fund management,poor exit mechanism,fierce competition in the industry and serious simplification of project types.In view of the problems found in the research,this paper puts forward reasonable suggestions for improving the future equity crowdfunding development of platform x,including: prudently selecting investors,improving the exit mechanism,strengthening the docking work with other financial institutions,improving the law and accelerating the construction of credit system,strengthening project supervision,improving the management ability,etc.,hoping to improve the operation development and mechanism reform of platform X.It can be used for reference.