| Along with the rapid development of big data, Internet finance is not a new word,the combination of Internet and finance have appeared in the third-party payment, P2P ,financial data, crowdfunding, financial information services and other internet financial model. Crowdfunding as an important model of internet finance is developing rapidly in our country, there have been Dajiatou platform, Tianshike platform and other platforms.Moreover, the equity-based crowdfunding grows fast. In 2013,the platform of equity-based crowdfunding is only 11,and the number of platform has raisen to 117 in December 2016 , about 10 times in 2013, the growth rate is faster.The thesis mainly includes five parts: the first part is the introduction,and it introduces the background, research methods, innovations and other issues which are elaborated; the second part, introduces the basic meaning of the equity-based crowdfunding on the basis analysis of the crowdfunding, points out the differences between equity-based crowdfunding and other financing ways, and introduces the development of equity-based crowdfunding in our country; the third part, analyzes the company of Huaren Tiandi, and introduces the process and results of equity-based crowdfunding; the fourth part, studies of equity-based crowdfunding of the Huaren Tiandi, and mainly analyzes the two major problems: innovations the aspects of financing effect and channel and deficiencies the aspects of Huaren Tiandi,Zhongtoubang platform, investors and policy environment; the fifth part, provides suggestions from four aspects including Huaren Tiandi, Zhongtoubang platform,investors and policy environment according to the shortcomings of the fourth part.The thesis studies representative case of equity-based crowdfunding of Huaren Tiandi. In addition, through the analysis of this case is analyzes the issue of the benefits of the equity-based crowd-funding connecting with the New OTCBB, and puts forward proposals for the equity-based crowd-funding, in order to promote the development of equity-based crowd-funding. |