Equity crowdfunding refers to the company transferring a certain percentage of shares to ordinary investors. Investors gain future income through investment companies. This financing model based on internet channels is called equity crowdfunding. Another explanation is that equity crowdfunding is the internet of private equity. Crowdfunding rose abroad in 2009, and 20 1 1 began to enter China. The first case of equity crowdfunding was formally born in China in 20 13, and the first secured equity crowdfunding project appeared in China in 20 14. 20 14 in may, the CSRC clarified crowdfunding supervision and issued a draft of supervision opinions.

Since 20 18, documents on equity crowdfunding have been released one after another. According to Li Zhibin, director of the Bureau of Combating Illegal Securities and Futures Activities of the CSRC, the CSRC is currently formulating and improving the Measures for the Administration of Pilot Equity Crowdfunding, preparing to carry out the pilot equity crowdfunding first, establish a small investment and financing system, solve the financing problem of small and micro start-ups and promote the high-quality development of innovation and entrepreneurship.

Equity financing is a new financing method in the capital market. In order to absorb the funds needed for enterprise operation, the shareholders of the company transfer part of the ownership of the enterprise and introduce new shareholders. The new shareholders of equity financing enjoy the same benefits and rights as the old shareholders, and bear the corresponding obligations. The funds raised by equity financing are permanent, have no maturity date and do not need to be returned. Enterprises using equity financing do not need to repay the principal, and investors need to turn to the circulation market to recover the principal. There is no fixed dividend burden for equity financing, and whether or not to pay dividends depends on the company's business needs. Equity crowdfunding is essentially a part of equity investment, and the investment threshold is lowered. Professional equity investment platform provides high-quality projects and reduces the blindness of investors.

Operation mode of equity crowdfunding

1, voucher crowdfunding

Voucher crowdfunding mainly refers to raising funds by selling vouchers and bundling shares on the Internet. Investors pay money to obtain relevant vouchers, which are directly linked to the equity of start-up enterprises or projects, but investors do not become shareholders.

2. Member crowdfunding

Membership crowdfunding mainly refers to the introduction of acquaintances on the Internet, where investors pay money and directly become shareholders of the invested enterprise.

3. Angel Crowdfunding

Unlike voucher crowdfunding and member crowdfunding, angel crowdfunding is closer to the model of angel investment or VC. Investors look for investment enterprises or projects through the internet, and pay money to become shareholders of the company directly or indirectly. Investors are often accompanied by clear financial return requirements.

We also learned a lot about equity before, such as which equity can be combined to learn.