摘要
众筹作为一种科技融资的新模式,近年来在全球范围内发展迅速。2013年10月,美国SEC正式发布了一项针对众筹的监管提案,以规范早期的众筹市场,促进其良性发展。在此背景下,本文旨在对新规内容进行简介和评述,使我们了解国际上众筹发展和监管的最新进展,并结合我国实际情况,为我国众筹监管提出建议。基于美国的经验和众筹新规的可能影响,本文建议从如下四个监管方向进行突破以促进我国众筹的发展:加快立法、探索股权众筹方向及其可能路径、加大投资者保护以及加快信用体系建设。
As a new model of technology innovation in financing, crowdfunding develops rapidly around the word in recent years. In October 2013, U.S. Securities and Exchange Commission released the Proposed Rules to regulate the development of the new crowdfunding market. Under this background, this paper aims to briefly comment on the content of the proposal which provides better understand the latest development and regulation policy of crowdfunding market, and then combine the situation of crowdfunding in China so as to give advice for the development of crowdfunding in China. Basing on the experience of crowdfunding abroad and the possible influence of SEC Proposed Rules, this paper suggests we could take steps on the four aspects as follow to promote the development of crowdfunding in China： accelerating the legislation of crowdfunding, exploring the possibility of equity crowdfunding, stressing the importance of the investor protection and accelerating the establishment of credit system.
出处
《证券市场导报》
CSSCI
北大核心
2014年第9期11-16,共6页
Securities Market Herald
基金
国家社会科学基金重点项目(12AZD046)的资助
关键词
众筹
股权众筹
互联网金融
JOBS法案
crowdfunding, equity crowdfunding, internet finance, JOBS act
