摘要
由于我国中小企业融资难加上大量存在的社会闲置资金,股权众筹在我国具有广泛的市场需求,其出现以来便发展迅速。目前,股权众筹公开发行证券的行为与法律关于发行证券的规定相冲突,股权众筹运行模式与股东利益保护相冲突,股权众筹与P2P的兼营与我国金融分业经营、分业监管相冲突等问题相当突出。股权众筹的监管不仅要重视学习借鉴国外先进经验,更要注重监管与市场的内在契合性,实现监管的本土化。在股权众筹监管中,我国传统金融监管"安全第一、效率第二"的理念应当有所改变,应当采用市场化而非行政化的手段进行监管,从平台设立、投资者保护到平台运行实现全方位的监管。
because of financing difficulties in small and medium-sized enterprise,and of a large number of existing social idle funds,equity and the raise in our country has a broad market demand.It has developed rapidly since its emergence.At present,raise public offering stake in the securities of behavior conflicts with the provisions of the law on securities,equity and the raise operating mode conflicts with shareholders＇ interests protection,equity raise with P2 Pconcurrently with the our country financial separate operation and supervised respectively in conflict is quite prominent.Equity and the raise of regulation should not only pay attention to learn from foreign advanced experience,more attention should be paid to the internal supervision and market in particular,the localization of regulation.At stake in the regulation,raise and our traditional financial regulation the concept of ＂safety first,efficiency second＂ should be changed rather than shall adopt the security administration means to regulate,from the platform establishment,investor protection to the operating platform to achieve a full range of regulation.
出处
《岭南师范学院学报》
2016年第1期18-26,33,共10页
Journal of Lingnan Normal University
关键词
股权众筹
微金融
P2P
中小企业融资
金融监管
stake in the raise
micro finance
peer-to-peer（P2P）
small and medium-sized enterprise financing
financial regulation
