Research On Legal Issues Of Equity Crowdfunding Supervision In My Country

Equity crowdfunding was first born under the creative combination of “Internet +Finance” in 2011.It has the natural advantages of low-cost,high-efficiency,and grass-roots Internet services.The beneficial approach is also a powerful measure for China to vigorously develop inclusive finance and innovate on the financial service supply side.After experiencing the initial stage of germination and explosive growth,the current equity crowdfunding is in the industry reshuffle stage,and it also exposes many problems.Relying on the industry's own “jungle rule” of survival of the fittest is far from keeping up with the development of the new era Therefore,how to use the“visible hand” to effectively restore equity crowdfunding into the financial vortex of illegal fund-raising and other financial fields,and to grasp the “standard” of proper supervision has become an urgent problem for China's equity crowdfunding supervision laws to respond to.Drawing on the experience of the United States,Britain,Italy and other countries,combined with the regulatory value orientation reflected in the newly revised securities law in 2019,equity crowdfunding in the Chinese context upholds an open and inclusive,strict management and love attitude,by giving equity crowdfunding legality Identity,establish an exemption registration system,formulate equity crowdfunding regulatory rules and industry self-regulatory guidelines,clarify the responsibilities and coordination mechanisms of equity crowdfunding regulatory bodies,and establish and improve China's equity crowdfunding regulatory system;Introduce third-party fund custody system and credit rating system,and ensure smooth access to litigation channels to fundamentally strengthen the protection of equity crowdfunding for investors;by accurately establishing the legal positioning and rights and obligations of equity crowdfunding platforms,the platform registration access system is implemented Other means to empower the platform to be more dynamic;improve the information disclosure system by refining the responsibilities of the subject of information disclosure,regulating the content and standards of information disclosure,clarifying the responsibilities and obligations of information disclosure,and establishing information sharing and protection mechanisms.