中美众筹发展现状及对我国的政策建议

The Development of Crowdfunding between China and the United States and the General Policy Suggestions for China

众筹主要分为股权众筹和消费类众筹等类别。股权众筹是建设我国多层次资本市场的重要环节,我国将股权众筹视为比风险投资更前段的融资手段,用以支持中小企业创新。文章通过对比中美众筹平台发展、政策以及以投资者为代表的投资环境发现,我国用以支持中小企业创新发展的众筹仍然有较大发展空间。因此,文章建议我国应高度重视众筹发展,将其作为拓宽中小企业融资、支持基础研究和原始创新的重要渠道之一,并进一步发挥消费类众筹在构建经济内循环中的重要作用。

Crowdfunding is mainly divided into equity crowdfunding and consumer crowdfunding.Equity crowdfunding is an important link in the construction of my country's multi-level capital market.The Chinese government can regard it as a more advanced financing method than venture capital to support the innovation of SMEs.However,the article compares the development and policies of crowdfunding platforms in China and the United States,as well as the investment environment represented by investors,and finds that my country’s crowdfunding to support the innovative development of small and medium-sized enterprises still has a lot of room for development.Therefore,the article suggests that the Chinese government should attach great importance to the development of crowdfunding as one of the important channels to broaden the financing of small and medium-sized enterprises,support basic research and original innovation,and further exert the important role of consumer crowdfunding in building the economic inner circle.