The Impact Of Equity-based Crowed-funding To Inclusive Finance

Inclusive finance in our country has a long history, but it was officially be determined not until the 18 th Government Session.The current finances mission of our country is to solve the poor traditional financial and promote our eastern and western financial develop more quickly.and more balance. Now our government take these measures to solve these problems which mainly include: finance allowance to small and micro enterprise, reducing entry financial barriers for small and micro enterprise,encouraging informal financial institutions to develop more quickly. But due to the management cost of small and micro enterprise is too high and the risk is also too high. Even there are much more policies to lower the financial entry barriers for initial small and micro enterprise, but it is also difficult for small and micro enterprise to get enough loans. Small and micro enterprise have much more difficulties, so how to promote inclusive finance to develop becoming the primary issue in current finance development of our country.Last year China’s Equity-based crowd-funding developed much more quickly than ever. All to know Equity-based crowd-funding pattern has strong relying on the Internet information. And because of it Equity-based crowd-funding make it possibly to raise money from a much wider crowd than before. It forms a effective supplement to our small and micro enterprise especially for innovative small micro enterprise. But the process of development also exposed many problems. The reason of the problems which lead the platform collapse is lacking supervision, lower platform self-discipline ability, information asymmetry and moral hazard. Now the raised platform have a higher risk to our finical. Although equity raise for small and micro enterprise widen the path of development of our economic, but at the same time they also have a potential harm to our financial system. Therefore seeking ways to promote the Equity-based crowd-funding to develop more scientific has become a important way to solve the problem of inclusive finance. It is also the starting point of this article.This article is divided into six chapters. I content to explore the relationshipbetween China’s stake in the raise and inclusive finance, and promote reasonable development provides reference opinions. The first chapter is the introduction part of this article which introducing the background, significance, and the induction summary to related literature. The third chapter discussed the development present situation and the existing problems of inclusive finance and equity of the raise in China. The fourth chapter explore the relationship from theory and empirical validation aspects, and to overcome the error caused by small sample, this article using the bootstrap method to explore the relationship between the two. The fifth chapter puts forward the policy and Suggestions to promote the development of inclusive finance. The conclusion of this paper mainly includes: First, the main reason which causes our country inclusive finance policy develop slowly is lack of corresponding inclusive finance channel; Second, China’s stake in the raise played a supporting role to the development of small and micro enterprises. Third, equity and the raise has a positive role in promoting inclusive finance development. Therefore,the development of equity and the raise is the a important path to realize inclusive finance.