중국의 지분형 크라우드펀딩 규제에 관한 연구

Abstract

Crowdfunding in China is attracting attention as a new financing method for venture companies and small and medium companies that experience difficulties fulfilling the conditions of getting listed on the stock market. Especially, a few have suggested that crowdfunding should be designated as the fifth new market and be included as one of the multi-layer policy of the capital market. The China Securities Regulatory Commission, a supervision institution for equity crowdfunding, has set up the regulations for the equity crowdfunding platform on August 2015, and has even designated equity crowdfunding as one of the 5 major businesses of the China Securities Regulatory Commission in 2016. Under such active support from the Chinese government, equity crowdfunding is on the rise as a new method of financing in the Chinese capital market. The purpose of this thesis is to examine the future prospects and implications for Korea by analyzing the current situation and the key legal issues related to the much discussed equity crowdfunding in China. To achieve such an objective, the concepts and classes of equity crowdfunding in China, as well as similar concepts shall be examined in Chapter 2. Furthermore, equity crowdfunding in China shall be classified into public equity crowdfunding and private equity crowdfunding according to the openness and transparency of the fundraising, which will then be discussed and suggestions of its future prospects and implications (Chapter 3, 4) for Korea shall then be made based on related legal issues and precedents (Chapter 5)