What laws and regulations has the country issued regarding crowdfunding?

The state has promulgated the following laws and regulations on crowdfunding:

December 18, 2014: "Equity Crowdfunding Financing Management Measures (Trial)" (Draft for Comment)

Platform Definition Equity crowdfunding platform refers to an intermediary agency that provides information release, demand matching, assistance in fund transfer and other related services to equity crowdfunding investors and financing parties through an Internet platform (Internet website or other similar electronic media).

Registration Equity crowdfunding platforms should be registered with the Securities Industry Association and apply to become members of the Securities Industry Association.

The Securities Industry Association’s filing and registration for an equity crowdfunding platform does not constitute recognition of the equity crowdfunding platform’s internal control level and ongoing compliance, nor does it serve as a guarantee for the safety of customer funds.

June 1, 2013: "Securities Investment Fund Law of the People's Republic of China"

The Securities Investment Fund Law of the People's Republic of China is to regulate securities investment Laws formulated to regulate fund activities, protect the legitimate rights and interests of investors and related parties, and promote the healthy development of securities investment funds and capital markets.

The Securities Investment Fund Law of the People's Republic of China was adopted at the 5th meeting of the Standing Committee of the 10th National People's Congress on October 28, 2002, and came into effect on June 1, 2004. The current version was revised at the 14th meeting of the Standing Committee of the 12th National People's Congress.

March 15, 2013: "Measures for the Administration of Sales of Securities Investment Funds"

May 7, 2010: "Several Opinions of the State Council on Encouraging and Guiding the Healthy Development of Private Investment"

January 21, 2008: "Supplementary Provisions on Supervision of Publicity and Promotional Materials for Securities Investment Funds".

Extended information:

State regulations on crowdfunding Policies:

1. Beijing-Shanghai “Internet +” action opinions cover equity crowdfunding;?

2. The suspension of registration of equity crowdfunding companies caused a huge shock;

3. Crowdfunding is included in the “Thirteenth Five-Year Plan” outline:?

4. Equity crowdfunding information disclosure regulations have taken initial shape;

5. Real estate crowdfunding has been suspended in many places;

6. Qualitative crowdfunding in the "Thirteenth Five-Year Plan for National Science and Technology Innovation";

7. Online lending and equity crowdfunding businesses are separated by policy: "Online Lending Information Intermediaries "Interim Measures for the Management of Business Activities" was released;?

8. The donation-based crowdfunding model is recognized;

9. The rectification of equity crowdfunding begins;

10. Access to non-public equity financing on the Internet is restricted;

Reference: Baidu Encyclopedia—Crowdfunding