A Research On The Reconstruction Of Qualified Investor Access Rules For Equity Growdfunding

Driven by financial democratization and inclusive finance,equity crowdfunding,as a financial tool that combines financing and investment functions,plays a role in solving the problem of narrow financing for small and medium-sized enterprises and start-up companies and the lack of extensive investment channels for the public.A unique role.However,under the circumstances that the relevant system of qualified investors as the admission rules is not yet sound,China’s equity crowdfunding practice will still face many legal problems and dilemmas.Therefore,taking the protection of investor rights as the starting point,relying on the current practice of equity crowdfunding in China,and drawing on the experience of some developed countries,it is particularly necessary to settle in the way of equity crowdfunding qualified investors to enter the rules.The re-construction of qualified investors’ access rules should be combined with the current legislation,policies and industry status of China’s equity crowdfunding qualified investors’ access rules,and analyze the internal crux of the problem,and analyze the multi-method law in the process of equity crowdfunding.Relationships,the role of qualified investor access rules on equity crowdfunding and the impact of restructuring on the future development path of equity crowdfunding,from building multi-dimensional asset measurement standards,creating different investor differentiation rules and equity crowdfunding Platform information disclosure and investor education are carried out in three aspects,and the reorganization and innovation of equity crowdfunding qualified investor access rules are carried out.In addition to the introduction,this article has three parts.The introduction part systematically introduces the research background of equity crowdfunding and related issues.By combing and summarizing the current situation and summarizing the research ideas and innovations of this paper,it comprehensively summarizes equity crowdfunding and its qualified investor access rules.related question.The first part introduces the status quo and existing problems of China’s equity crowdfunding qualified investor rules.From equity mobilization in China,to the burgeoning of angels,angels,Zhelitou and other equity crowdfunding platforms,and the Internet giants to join the competition in the field of equity crowdfunding,and the current equity crowdfunding from barbaric growth to rationality,combing China The development status of the equity crowdfunding industry;and a series of norms from the "Guiding Opinions of the General Office of the State Council on the Development of Massive Space to Promote Public Innovation and Entrepreneurship" to the "Management Measures for Private Equity Crowdfunding Financing(Trial)(Consultation Draft)"Explain the policy and legislative attitudes and directions of China’s top-level design layer in the face of equity crowdfunding qualified investors’ access rules,and further explain the "Private Equity Crowdfunding Financing Management Measures(Trial)(Draft for Comment)" with traditional private equity financing Part of the specification is a series of questions arising from the blueprint for qualified investor access rules in the field of equity crowdfunding and a large number of legislative gaps in the rules for qualified investor access.In addition,combined with practice,it analyzes the development of equity crowdfunding in China and the industry rules formed by the typical representative platform regarding the entry of qualified investors.Through summarizing the above issues,the current legal dilemma of equity crowdfunding qualified investor access rules is drawn up,including the unreasonable criteria for investors’ fund access standards,the lack of differentiation between different investors.and the lack of qualified investors.Information disclosure and investor education systems.The second part analyzes the significance of the restructuring of equity crowdfunding qualified investors in the current practice background.By analyzing the refactoring of qualified investor access rules,the paper clarifies the impact of the crowdfunding platform on the legal relationship between the crowdfunding platform and investors and different investors,and analyzes the reorganization of qualified investor access rules to avoid equity.Crowdfunding has entered the legal gray zone and even illegalized,guaranteed the beneficial operation of equity crowdfunding and protecting the rights and interests of investors,in order to demonstrate the necessity of re-construction of qualified investors’ access rules.In addition,in order to solve the problem of the dispute between the public offering and the private placement path of equity crowdfunding development,the content of the qualified investor access rules is explained.The future development of equity crowdfunding in China is in the form of private equity,and the impact of gradually opening up the public offering development model further explains the rule.Refactoring the meaning.The third part introduces the ways to construct the equity crowdfunding qualified investors’ access rules,including:constructing multi-dimensional investors’ access funds;creating access rules for different investors to treat them in the form of limited partnerships.Stage lead investment plus investment model for innovation;clear disclosure of crowdfunding platform and the obligation of educating investors.Integrate the above three aspects to refine the access mechanism for qualified investors to ensure the sound development of equity crowdfunding.Equity crowdfunding is a financial democratization tool that brings both financiers and investors to mutual benefit and win-win.However,if there is no qualified investor access rules at this stage,equity crowdfunding will not be able to play its role and even generate some List legal issues.The Qualified Investor Admission Rules act as an important part of the investor’s entry into the equity crowdfunding field.It not only protects the investor’s rights and interests,but also ensures the healthy operation of the equity crowdfunding.At the same time,the specific provisions will also determine the future of equity crowdfunding.The path mode of practice.The exploration of the re-construction of qualified investment access rules is not only an answer to the current stage of the problem,its significance and how to practice it,but also how to solve the financing difficulties of small and medium-sized enterprises and start-up enterprises,and the investment channels of investors are narrow.How to play a powerful role in the role of its rich capital market.