普惠金融视野下股权众筹平台法律规制之完善

Perfection of the Equity Crowdfunding Platform Regulations from the Perspective of Inclusive Finance

随着着互联网的普及和互联网金融的发展以及中小企业对资本的需求,股权众筹在我国快速发展。而互联网金融监管不足和法律规制的缺失,导致股权众筹平台存在很大风险。美国通过《创业企业扶持法案》以及《SEC股权众筹最终规则》,对集资门户作了详细规定,形成了较为完善的股权众筹平台监管机制。我国股权众筹平台的监管立法滞后,应突出股权众筹平台监管的重要性,严格股权众筹平台市场准入制度,明确股权众筹平台的义务范围,设立安全港,建立合格投资者规则,以期完善股权众筹平台的法律规制,实现投资者利益保护与创业企业对资金的需求的利益平衡。

With the popularization of the Internet, development of Internet finance, small and medium enterprises' growing demand of capital, Equity Crowdfunding is development quite fast in China. However, because of the absence of the relevant Internet Finance regulations,the Equity Crowdfunding Platforms are operating with high risk. In recent years, U. S. has passed Jumpstart Our Business Startups Actand Regulation Crowdfunding, these regulations specifically stipulated on Crowdfunding Platform. In contrast, Chinese Crowdfunding Platform Regulations develop much slower, the importance of the Equity Crowdfunding Platform Regulations should be emphasized, the access system of the Equity Crowdfunding Platform should be stricter and the obligations of the Equity Crowdfunding Platform should be clarified. Besides, the safe harbor and qualified investor rule need to be established. All such means are needed in order to enhance the regulations system of the Equity Crowdfunding Platform, moreover, to balance the protection of the investors* interests and the demand of capital for Startups.