中国法律语境下互联网非公开股权融资业务的问题剖析与风险防范——以“人人投”与“36Kr”平台所涉的两则融资项目纠纷为视角

Analysis and Risk Prevention of Internet Non-public Equity Financing in China Legal Context——From the perspective of disputes over two financing items involved in“Everyone Casts”and“36Kr”platforms

随着框架性规范性文件的陆续出台,界定、调整、规范"股权众筹"的依据已逐步明确,但鉴于其属于新兴金融产品,相关的专门性规范性文件的颁布仍需时日,目前的"股权众筹"正可谓是游走于市场摸索与法律规制之间。在这样的背景之下,以相关平台曝光的实际项目争议为研究对象,明确其法律适用、梳理其法律关系、揭示其法律风险,对于融资方、投资方与平台方的合法合规、安全高效的参与、完成项目具有很强的现实意义。

The rules to regulate the Equity Crowd-funding come to be more specified with these corresponding administrative pronouncements issued currently.After all,Equity Crowd-funding still refers to certain kind of pilot financial product,and there is no Basic Law of P.R.C and relative regulations zooming in the supervision of Equity Crowd-funding.In the context of the fact that the regulation mode of Equity Crowdfunding is to be improved yet,it is essential to make further research on the law application and risk disclosure to define the compliance of the parties concerned,efficiency and security of Equity Crowd-funding.