Abstract
According to a recent World Bank report, China holds the greatest potential for crowdfunding’s future. By 2025, the PRC could account for more than half of the global crowdfunding volume potentially totalling up to USD 50 billion. Even though crowdfunding was non-existent in China before 2011, its exponential growth rates reflect this potential. In 2014, Chinese citizens had contributed a total of USD 436 million (RMB 2.82 billion) to domestic crowdfunding projects; this figure rose to USD 864 million (RMB 5.585 billion) in the first half of 2015. Particularly since China’s government has passed draft regulations on equity crowdfunding in December 2014, the number of Chinese crowdfunding platforms (CFPs) has been increasing, from 142 in 2014 to 235 by the end of June 2015. As the PRC’s crowdfunding industry is still quite young, and its growth rates are expected to rise even further, China could indeed become the largest crowdfunding market in the world in the near future.
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