论文部分内容阅读
众筹模式作为一种新兴起的金融业态已经进入监管视野。众筹的监管部门已经明确归属证监会创新业务监管部。不过,这才刚刚开始,目前尚无明确的监管规则。众筹之所以在去年下半年突然火起来,是因为2012年4月美国出台了JOBS法案(即《2012年促进创业企业融资法》),允许中小企业在众筹融资平台上进行股权融资,不再局限于实物回报,同
The crowdfunding model has entered the regulatory horizon as a newly emerging financial format. Crowdfunding regulators have clearly vested in the Commission’s innovative business regulatory department. However, this is just the beginning, there is no clear regulatory rules. The reason why the crowdfunding suddenly caught fire in the second half of last year was because the United States issued the JOBS Act in April 2012 (the “2012 Financing for Start-up Enterprises”), allowing small and medium-sized enterprises to raise equity financing on crowdfunding platforms. Re-limited to the physical return, with