Research On Legal Issues Of Equity Crowdfunding In China

This article mainly discusses the development course of equity crowdfunding as a new type of financing method in the United States and China and the status quo of related legislation in both countries.In the current legal framework,combined with the problems of domestic equity crowdfunding,pointed out the existing risks,and put forward the author's legislative advice and legal thinking.The full text consists of an introduction,a text,and an epilogue.The text is divided into four chapters:The first chapter first introduces the emergence and characteristics of equity crowdfunding.Equity crowdfunding is different from traditional equity investment and is also different from other types of crowdfunding.It has low threshold,diversity and openness.These characteristics are destined to have special requirements for legislation.Then it introduced the current situation of the development of equity crowdfunding in China and the current state of relevant legislation.The second chapter focuses on the United States as the origin of equity crowdfunding,the development status of its equity crowdfunding in recent years and related legislative progress.With the promulgation of the US Jumpstart Our Buiness Startups Act(hereinafter referred to as the JOBS Act)in 2012,with the help of Internet platforms and big data technologies,the US Internet crowdfunding has developed rapidly.Equity crowdfunding has gradually become a source of funding for American individuals and SMEs for projects.One of the main channels.At the same time,this chapter also introduced the operating model and risk control mechanism of AngelList,a representative of the US equity crowdfunding platform.The third chapter analyzes the existing and potential legal risks in China's equity crowdfunding industry from multiple angles in view of the related cases and cases of equity crowdfunding that have taken place in China.The fourth chapter puts forward the legislative advice and legal thinking to deal with the legal risk of equity crowdfunding from several angles of improving legislation,platform risk control and investor protection.