Status and Challenges of Equity Crowdfunding Development

Abstract

As an organic part of the multi-level capital market, equity crowdfunding enriches the capital market level, provides possibility for multi-level financial services, promotes entrepreneurship and innovation, and improves financial ecological of innovation and entrepreneurship. The rapid development of equity crowdfunding faces many constraints, such as the compliance problems of securities issue, regulatory problems of crowdfunding platform and investors' risk affordability problems. To address these challenges needs to establish the coexisting regulatory model of the license system of public equity crowdfunding platform and the filing system of private equity crowdfunding platform to establish the qualified investors standards of private equity and the investment limits of public equity crowdfunding in line with China's national conditions, to promote the combination of public equity chips and regional exchanges, and rationalize the convergence mechanisms of equity crowdfunding, listing and others.