众筹融资运营模式及合法性探析

The Operation Mode and Legitimacy Study of the Crowdfunding Financing

众筹模式作为互联网金融领域的新生事物,具有极大的发展潜力,但这种依托于互联网的直接金融模式却一直以来游走在非法集资类犯罪的边缘。众筹模式发展遇到相关法律规范不明、界定不清的困境,为此需要把握非法集资类犯罪中社会公众及合格投资者的认定标准。同时,众筹模式的融资人及融资平台应当切实履行披露义务和风险告知义务,保护投资者权益。

Crowdfunding model as the new thing in the field of Internet finance possesses great potential for development.But the direct financial model based on Internet has been wandering on the edge of the crime of illegal fund-raising.In the development process, the crowdfunding model has problem with the absence of any clear legislation.Therefore,we should establish the standard of the public as well as the qualified investors in the crime of illegal fund-raising.Furthermore, the financiers and the financing platforms of the crowdfunding model should timely implement their duties for information and risk disclosure to protect investors’ interests.