摘要
随着互联网金融的快速发展，股权众筹作为一种新兴融资模式，为中小企业和初创企业提供了重要的资金来源，但其高风险性和监管挑战也日益凸显。本研究旨在系统分析股权众筹融资模式中的主要风险类型及其成因，并探讨有效的风险管理与监管策略。通过文献综述、案例分析及实证研究相结合的方法，本文深入剖析了投资者保护、信息不对称、欺诈风险以及平台运营风险等关键问题。研究发现，股权众筹的风险管理需要从完善信息披露机制、优化投资者准入标准和强化平台责任三方面入手，同时构建多层次的监管框架以平衡创新与风险控制。本研究的创新点在于提出了基于大数据技术的风险预警模型，并结合国内外实践经验设计了适应中国国情的股权众筹监管体系。研究结果表明，科学的风险管理和合理的监管措施能够显著提升股权众筹市场的效率与安全性，为政策制定者和市场参与者提供重要参考。
关键词：股权众筹；风险管理；信息披露；投资者保护；监管框架
Abstract
With the rapid development of Internet finance, equity crowdfunding has emerged as a new financing model, providing a vital source of capital for small and medium-sized enterprises (SMEs) and start-ups; however, its high-risk nature and regulatory challenges have become increasingly prominent. This study aims to systematically analyze the major types of risks and their causes in equity crowdfunding financing and explore effective risk management and regulatory strategies. By integrating literature review, case analysis, and empirical research, this paper delves into key issues such as investor protection, information asymmetry, fraud risk, and platform operational risk. The findings indicate that risk management in equity crowdfunding should focus on improving information disclosure mechanisms, optimizing investor eligibility criteria, and enhancing platform accountability, while establishing a multi-level regulatory fr amework to balance innovation with risk control. The novelty of this study lies in proposing a risk early warning model based on big data technology and designing an equity crowdfunding regulatory system tailored to China's national conditions by drawing on domestic and international practical experiences. The results demonstrate that scientific risk management and reasonable regulatory measures can significantly enhance the efficiency and safety of the equity crowdfunding market, offering important references for policymakers and market participants.
Keywords：Equity Crowdfunding; Risk Management; Information Disclosure; Investor Protection; Regulatory fr amework
目 录
摘要 I
Abstract II
一、绪论 1
(一) 股权众筹风险管理的研究背景 1
(二) 股权众筹监管研究的意义分析 1
(三) 国内外研究现状综述 2
二、股权众筹融资模式的风险识别与评估 2
(一) 股权众筹的主要风险类型 2
(二) 风险识别的理论框架构建 3
(三) 风险评估的关键指标体系 3
三、股权众筹融资模式的风险管理策略 4
(一) 投资者保护机制的设计 4
(二) 平台风控能力的提升路径 4
(三) 项目筛选与尽职调查优化 5
四、股权众筹融资模式的监管体系构建 5
(一) 当前监管政策的适用性分析 5
(二) 监管框架的核心要素探讨 6
(三) 国际经验对我国的启示 7
结 论 8
参考文献 9
