中国矿业大学学报（社会科学版）
中國礦業大學學報（社會科學版）
중국광업대학학보（사회과학판）
JOURNAL OF CHINA UNIVERSITY OF MINING & TECHNOLOGY（SOCIAL SCIENCES）
2015年
1期
24-31
,共8页
互联网金融%股权众筹%法律风险%监管
互聯網金融%股權衆籌%法律風險%鑑管
호련망금융%고권음주%법률풍험%감관
internet finance%equity-based crowd-funding%legal risk%regulation
众筹，是项目发起人在互联网平台发布创业项目信息，吸引公众为该项目筹集资金的融资方式。众筹的出现带来了金融理念的重大转变，有望成为解决中小微企业和创业项目融资的重要途径。但是，股权众筹模式在中国均面临法律与政策风险，生存空间几乎没有，急需监管机构出台相关法律和政策进行松绑。金融业监管机构应及时调整对待民间融资的固有思维模式，出台便利中小微企业融资和投资者利益保护的规则，完善监管机制。这是中国在金融领域赶上欧美等发达国家的大好机会。
衆籌，是項目髮起人在互聯網平檯髮佈創業項目信息，吸引公衆為該項目籌集資金的融資方式。衆籌的齣現帶來瞭金融理唸的重大轉變，有望成為解決中小微企業和創業項目融資的重要途徑。但是，股權衆籌模式在中國均麵臨法律與政策風險，生存空間幾乎沒有，急需鑑管機構齣檯相關法律和政策進行鬆綁。金融業鑑管機構應及時調整對待民間融資的固有思維模式，齣檯便利中小微企業融資和投資者利益保護的規則，完善鑑管機製。這是中國在金融領域趕上歐美等髮達國傢的大好機會。
음주，시항목발기인재호련망평태발포창업항목신식，흡인공음위해항목주집자금적융자방식。음주적출현대래료금융이념적중대전변，유망성위해결중소미기업화창업항목융자적중요도경。단시，고권음주모식재중국균면림법률여정책풍험，생존공간궤호몰유，급수감관궤구출태상관법률화정책진행송방。금융업감관궤구응급시조정대대민간융자적고유사유모식，출태편리중소미기업융자화투자자이익보호적규칙，완선감관궤제。저시중국재금융영역간상구미등발체국가적대호궤회。
Crowd-funding is a way of financing by the project sponsor who releases the project information via the internet to attract the public to raise funds for the project.The emergence of the crowd-funding brings about a significant shift in financial concepts.It is expected to become an important way to solve the small and micro enterprises’financing predicaments.However,equity-based crowd-funding is facing risks in terms of policies and laws in China.There is hardly policy and legal environment for its existence.It is urgent for regulatory bodies to make relevant laws and policies.The Chinese financial regulatory authority should change their old habitual way of thinking about the non-governmental financing,make regulations favorable to the protection of medium small and micro-sized enterprises’financing and investors’interests and perfect the supervision mechanism.This is an important opportunity for China to catch up with Europe and other developed countries in the financial field.
