论我国股权众筹法律监管制度的完善

On the perfection of the legal supervision system of equity-based crowdfunding in China

股权众筹是金融与互联网融合的创新技术,其宗旨是帮助那些成长型、初创型、创新型企业尽快完成低成本的融资。股权众筹涉及的法律监管、风险控制问题使世界各个股权众筹较发达的国家纷纷出台相关的管理法案或者法规。对于股权众筹是否合乎法律以及如何对其进行风险控制,我国目前尚无具体的规定。从我国股权众筹的实际发展情况入手,对比国外股权众筹发展及监管情况总结出中国应该根据国内股权众筹的实际情况逐步加强对交易平台、投资者等的相关监管。

The equity-based crowdfunding is a relatively innovative technology combining financing and the Internet technology,whose purpose is to facilitate the fund raising of those emergent,fledgling and innovative enterprises. The relevant issues such as legal supervision,risk control have prompted leading countries in equitybased crowdfunding to introduce regulations and laws. However,there has been no regulations as to the legality of equity-based crowdfunding and its risk control. Based on the actual circumstances in our country and comparing the development and supervision of equity-based crowdfunding abroad and at home,this paper proposes that the supervision on the platforms of transaction and investors should be gradually strengthened.