“互联网+”背景下我国股权众筹市场发展研究

Research on Equity-based Crowdfunding Market Under the Background of the Internet

"互联网+"促进了互联网金融的飞速发展,而股权众筹也是顺应互联网金融发展、拓宽企业融资渠道的重要途径。互联网股权众筹业务的内在特性也对发展股权众筹提出了新的要求。文章系统分析了我国股权众筹业务发展现状及存在的现实问题,研究发现合法性、投资人数限制、利益保护机制、公司治理及诚信问题是制约我国股权众筹的重要阻力。通过参考借鉴美国"JOBS法案"的相关经验,提出了我国股权众筹市场发展的建议:明确互联网股权众筹的合法性;调整众筹融资股东人数限制;改善小股东权益保护;健全公司治理机制及诚信机制。

The Intemet is promoting the rapid development of Internet Banking. Equity-based crowdfunding is an important way to adapt to development of the Intemet Banking, which also broaden the financing channels for enterprises. The inherent characteristics of the Intemet equity-based crowdfunding also raised new requirements for its development. This paper systematically analyzes the current situation of the development of equity-based crowdfunding and the existing problems. We found that legitimacy, the number of investment restrictions, the mechanism of interests protecting, corporate governance and integrity are the important resistance to develop equity-based crowdfunding. Finally, by reference the relevant experience of the United States Securities Act and the ＂JOBS act＂. We put forward the feasible strategies and suggestions to adapt to the development of our country＇s equity-based crowdfunding.