The Construction Of The Legal System Of Equity Crowdfunding In China

For a long time,China's domestic individual entrepreneurs and small medium-sized enterprises have the problem of shortage of project funds,small and medium enterprises financing channels,financing difficulties,low efficiency.And a large number of private capital investment channels for a single,few channels available for choice.Raise public equity as a new financial model of the Internet,the network as a platform,connected to raise funds and investors,fund raisers display quality projects on the platform,investors can through the enterprise product information disclosure,choose investment projects,the two established bond debt,win loss sharing.Raise public equity represents the new trend of Internet financial development,has the important significance of the development of the public equity raise individual entrepreneurs and small and medium-sized enterprises to broaden the financing channels,indirect financing to change the past through the intermediary of the difficulty and high cost;it can promote the development of multi-level capital market,expanding the types of market economic development;To support the real economy rapid development,to raise public equity so that the entrepreneur financing efficiency,entrepreneurs are more likely to be entrepreneurial projects into the real economy;to ease social employment.But at this stage,China does not have to raise public equity regulatory policies and regulatory laws.China's public to raise equity exist some legal risk,such as for whether or not qualified investors access to risk.This includes the investors themselves,audit of start-ups and individuals,and for the public to raise audit issue its own platform.In the actual operation,each platform for the public to raise funds and investors are not the same audit criteria,making the difficulty of the audit of the three increase.Equity raise public easy to raise the legal red line of illegal fund-raising,there is no clear on the distinction between the public to raise equity and the standard of illegal fund-raising.There is a risk of lead investor access to review,there is no regard to raise public equity leader review related regulation.Finally,our platform to raise public equity lack of industry standards and standard operation regulation.Throughout the international,for the public to raise equity in the development of legal supervision of the country,China can be the United States as a.The American jobs act of public equity raised platform to raise funds and investors to financing and the amount of capital contributions are restricted,and asked the congregation to raise equity platform in the securities and Exchange Commission and self-discipline Association registration,can fully protect the financing and investment of financial security,and security platform to raise public equity to the rapid and healthy development.On the one hand,can solve the financing of the project to start the problem of shortage of funds,on the other hand can make full use of the investor in the hands of idle funds.In our country from the United States based on the new regulations on the legislation of the public to raise equity but also with their own situations Small and medium-sized enterprises and individual entrepreneurship and innovation of China's economic development has great role in promoting,our country is in urgent need of introduction of relevant laws and regulations for the healthy development of the escort.We should make a clear distinction between illegal fund-raising and public equity raise limit,qualification should be clearly defined to raise funds,strengthen the regulatory responsibility of the public to raise the platform,the introduction of financial supervision institutions to raise funds for the public security platform guarantees,risk monitoring and supervision and strengthening the public to raise the platform.