众筹业务法律解读

Legal interpretation on Crowd-funding Business

作为互联网金融的重要代表,众筹融资特别是股权众筹在其成长过程中始终都伴随着诸如非法公开发行股份和非法集资等非议。通过对众筹业务的简要介绍及分析,对究竟何为众筹、众筹的商业模式是什么、众筹与非法集资的界限如何界定等问题作出了解答。

As the important representative of Internet financial, crowd-funding is always accompaniedby the criticisms such as illegal publicly issuing shares and illegal fund-raising during its growing process,especially the equity raising. The author firstly made a brief introduction about what thecrowd-funding business was, and then analyzed the crowd-funding business in a specific way. Accordingto the author’s interpretation and explanation, we can make a simple understanding aboutcrowd-funding business. In this paper, we can get the answers about what crowd-funding is and whatthe commercial mode of crowd-funding is. And we can also know the way to define whether this behavioris the crowd-funding or illegal fund-raising.